1. Bills and Collections User Guide
  2. Maintenance
  3. Bills and Collections Exchange Rate Type Maintenance
  4. Maintain the Bills and Collections Exchange Rate Type

2.8.1 Maintain the Bills and Collections Exchange Rate Type

This topic provides the instructions to capture Bills and Collections Exchange Rate Type Maintenance display.

Oracle Banking Trade Finance allows you to apply different exchange rates based on the amount involved in the transaction. The cut-off amount slabs maintained in the local currency of your bank.

If the transaction currency is not the local currency, the system will first convert the transaction amount into the local currency equivalent using the Standard Mid Rate. This is necessary as the local currency maintains the cut-off amount slabs. The system will then validate the converted amount against the different amount slabs to determine the appropriate rate type. This is the rate-type used for the actual conversion of the transaction currency into the local currency equivalent.

Capture the exchange rate types for different amount slabs through the Bills and Collections Exchange Rate Type Maintenance screen.

Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type BCDAMTEX in the text box, and click the next arrow.
    Bills and Collections Exchange Rate Type Maintenance screen is displayed.

    Figure 2-13 Bills and Collections Exchange Rate Type Maintenance


    Description of Figure 2-13 follows
    Description of "Figure 2-13 Bills and Collections Exchange Rate Type Maintenance"
  2. On the Bills and Collections Exchange Rate Type Maintenance screen, click New.
  3. On the Bills and Collections Exchange Rate Type Maintenance- New, specify the details as required.
  4. Click Save to save the details or Cancel to close the screen; OR Click Enter Query to view the details which are maintained.

    For information on fields, refer to: Table 2-7.

    Table 2-7 Bills and Collections Exchange Rate Type Maintenance - Field Description

    Field Description
    Branch, Module and Product Code All these are mandatory fields; A unique code identifies each branch of your bank. All authorized and active branch codes are available in the options list. Select the appropriate branch code from the list.

    The option list displays all the modules (like , Letters of Credit, Bills & Collections, etc.) available in the bank. All active and authorized records are available for selection. Select the appropriate module code from the list.

    The various products/services offered by your bank are also available in an option list. Select the product code from the list.

    Alternatively, maintain the cut-off amounts that will be applicable for all the branches, modules, and products of your bank. Select the following selections to do this:
    • Branch Code – ALL (all branches)
    • Module Code – AL (all modules)
    • Product Code – ZALL (all products)
    Amount Tag Amount tags identify the various components (E.g. Bill Amount, Loan Principal, LC Amount etc.) involved in a contract.

    Maintain the cut-off amount slabs for:

    All Amount Tags: The maintenance will be applicable to all the amount tags available in the system (Module tags and Non-module tags).

    Module Tags: The amount tags that are specific to a particular module are known as Module Tags. For example the amount tag PRINCIPAL is specific to the Loans module, BILL_AMOUNT is defined for the Bills module and so on. Non-Module Tags: The amount tags that are internally created by the system are referred to as Non-Module tags. The system will automatically create the amount tags for the Interest, Tax, Charge, and Commission components that are defined.
    Basis Amount Maintain the different amount slabs in this field. Specify the lower limit of the amount slab here. For the first slab, the floor basis amount will always be maintained as zero.
    Amount To Specify the upper limit of the slab. The upper limit of the previous amount slab gets defaulted as the Floor Basis Amount. Click add icon to capture each subsequent amount slab.
    Currency Rate Type Maintain associate a different exchange rate type with each cut-off amount slab that you have maintained. All authorized and active rate types defined in your system are available in the option list. Select the appropriate rate type for each amount slab.

    Note:

    The exchange rate details is available for association with Bill contracts only after authorizing the exchanges change details.

Parent topic: Bills and Collections Exchange Rate Type Maintenance