1. Payments Core User Guide
  2. Payment Maintenance
  3. Network & Source Maintenances
  4. Network Currency Preferences

Network Currency Preferences

The Network Currency Preferences screen allows users to maintain all currency related parameters for a Network and transaction type combination using ‘Network Currency Preference Detailed’ screen.
Maintain network currency preferences for all transfer currencies allowed for the network.
For book transfer payments, network currency preference for the allowed credit currencies is needed to be maintained.
  1. On Homepage, specify PMDNCPRF in the text box, and click next arrow.
    Network Currency Preference Detailed screen is displayed.

    Figure 2-39 Network Currency Preference Detailed

    Description of Figure 2-39 follows
    Description of "Figure 2-39 Network Currency Preference Detailed"
  2. Click New button on the Application toolbar.
  3. On Network Currency Preference Detailed screen, specify the fields.
    For more information on fields, refer to the field description below:

    Table 2-23 Network Currency Preference Detailed - Field Description

    Field Description
    Network Code Specify the network code. Alternatively, you can select the network code from the option list. The list displays all valid network codes applicable for the logged in Host.
    Network Description System defaults the description of the Network Code selected.
    Host Code System defaults the host code of transaction branch on clicking ‘New’.
    Host Code Description System defaults the description of the Host code displayed.
    Transaction Type Select transaction type from the following:
    • Inbound
    • Outbound
    Network Type Description System displays the Network Type Description based on the network code.
    Transfer Currency Specify the transfer currency. Alternatively, you can select the transfer currency from the option list. The list displays all valid currency codes maintained in the system. *AL currency would be listed and would be applicable for SWIFT & BOOK transfer payment types.

    Note:

    Selection of the *AL value in this Currency field indicates that the Network Currency Preferences record is applicable to transactions for the selected Network in all currencies of the selected Transaction Type (Outbound or Inbound).
    Limits Details --
    Limit Currency Specify the limit currency.

    Note:

    This field is enabled for input only when Transfer Currency field has *AL value. You can input any valid currency (other than *AL).
    Minimum Amount Specify the minimum transaction amount.
    Maximum Amount Specify the maximum transaction amount.

    Note:

    Payments booked should have transaction amount between the minimum and maximum amount specified in the transaction currency. If the transaction amount is not in the specified range, the system displays an error message.
    Small FX Limit --
    Small FX Limit Currency Specify the small FX limit currency code. Alternatively, you can select the currency code from the option list. The list displays all valid currency codes maintained in the system.
    Small FX Limit Amount Specify the Small FX Limit Amount.
    Accounting Codes --
    Debit Liquidation Specify the accounting code for debit liquidation. Alternatively, you can select the debit liquidation code from the option list. The list displays all accounting codes where main transaction is maintained with debit indicator.
    Credit Liquidation Specify the accounting code for credit liquidation. Alternatively, you can select the credit liquidation code from the option list. The list displays all accounting codes where main transaction is maintained with credit indicator.
    Dispatch/Receipt Accounting Specify the accounting code for dispatch accounting. Alternatively, you can select the dispatch accounting code from the option list. The list displays all valid codes maintained in the system.

    Note:

    • Dispatch accounting is applicable to Outbound domestic low value payment files. Accounting code needs to be maintained for Transaction type 'Outbound' if Dispatch accounting is required.
    • Receipt accounting is for Inbound files. Accounting code needs to be maintained for Transaction type 'Inbound' if Receipt accounting is required.
    Consolidated Bank Transfer Accounting code for cross-border consolidated bank transfer can be specified in this field.
    Receiver Charge Income Accounting code for receiver charge income posting for cross-border payments can be specified in this field.
    Pricing Details --
    Transaction Pricing Code Specify the pricing code applicable to the Network, transaction type and currency. Select the pricing code from the option list. The list displays all valid pricing codes maintained in the system.
    Recall Acceptance Price Code Specify the Recall Acceptance price code. This is applicable to domestic low value payments based on the Network support available for recall acceptance charges. Alternatively, you can select the pricing code from the option list. The list displays all valid Recall Acceptance Price codes maintained in the system.

    Note:

    The option list has a list of all price codes with single component linkage.
    Return Accounting --
    Payment Return GL Specify the Return GL code. Alternatively, you can select the GL code from the option list. The list displays all GL codes maintained in the system.

    Note:

    Return GL is used in scenarios when the Inbound payment processing could not be completed and return is initiated from queues. Return GL is applicable for Inbound ACH, Cross border & RTGS.
    Network Account Details --
    Network Account Specify the Network Account. Nostro accounts or General Ledger Number are listed in the list of values. This is applicable for RTGS payment and ACH dispatch Accounting.
    Currency Holiday Check --
    Skip Currency Holiday Check Specify the Skip Currency Holiday Check from the following:
    • Yes
    • No

    Note:

    The Skip Currency Holiday Check option is applicable for Book Transfer, Outbound / Inbound transactions of RTGS and SEPA CT.

    To skip the currency holiday check, you can select Skip Currency Holiday Check option
    list as Yes.

    The currency holiday check is skipped under the following conditions:

    • Transaction is not a cross currency.
    • The External Exchange Rate is not applicable.
    • The External Exchange Rate is applicable but the transfer amount is less than the Small FX Limit.

Parent topic: Network & Source Maintenances