1. Letter of Credit User Guide
  2. LC Maintenance
  3. Exchange Rates for Bills Details

2.9 Exchange Rates for Bills Details

This topic provides the systematic instruction to maintain exchange rate for bills.

Oracle Banking Trade Finance allows you to apply different exchange rates based on the amount involved in the transaction. The cut-off amount slabs are maintained in the local currency of your bank. You can capture the exchange rate types for different amount slabs through the Bills and Collections Exchange Rate Type Maintenance screen.

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 cut-off amount slabs are maintained in the local currency. The system will then validate the converted amount against the different amount slabs to determine the appropriate rate type. This is the rate type that will be used for the actual conversion of the transaction currency into the local currency equivalent.

This topic contains the following details:
  • Maintain Exchange Rates for Bills
  • Specify Exchange Rate Maintenance
  • Specify UDF Values
  • Operations on Exchange Rate Type Maintenance Record
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.
    The Bills Exchange Rate Type Maintenance screen is displayed.
    Description of bcdamtex__cvs_main.png follows
    Description of the illustration bcdamtex__cvs_main.png

    For more information on the fields, refer the Field Description table given below:

    Table 2-8 Bills Exchange Rate Type Maintenance

    Field Description
    Branch Code Each branch of your bank is identified by a unique code. All authorized and active branch codes are available in the option-list. You can select the appropriate branch code from the list.

    This field is mandatory.
    Module Code Like wise, all the modules (like Loans & Deposits, Letters of Credit, Bills & Collections etc) available in your bank are also displayed in an option-list. All active and authorized records are available for selection. You can select the appropriate module code from the list.

    This field is mandatory.
    Product Code The various products/services offered by your bank are also available in an option-list. Select the product code from the list. Alternatively, you can also maintain the cut-off amounts that will be applicable for all the branches, modules, and products of your bank. You can make the following selections to do this:
    • Branch Code – ALL (all branches)
    • Module Code – AL (all modules)
    • Product Code – ZALL (all products)
    This field is mandatory.
    Amount Tag Amount tags identify the various components (eg Bill Amount, Loan Principal, LC Amount etc.) involved in a contract. You can maintain the cut-off amount slabs for:
    • All: The maintenance will be applicable to all the amount tags available in the system (Module tags and Non-module tags)
    • Module: The amount tags that are specific to a particular module are known as Module Tags. For eg the amount tag PRINCIPAL is specific to the Loans module,

      BILL_AMOUNT is defined for the Bills module and so on.

    • Non-Module: 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 you define for a product
    This field is optional.
    Basis Amount Specify the floor basis amount. The upper limit of the previous amount slab gets defaulted as the Floor Basis Amount.

    This field is optional.
    Amount To Specify the ceiling limit of the slab. Click add icon to capture each subsequent amount slab.

    This field is mandatory.
    Currency Rate Type You can 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.

    This field is mandatory.
  2. On the Bills Collections Exchange Rate Type Maintenance screen, click the Fields button.
    The User Defined Fields screen is displayed.

    Figure 2-11 User Defined Fields


    Description of Figure 2-11 follows
    Description of "Figure 2-11 User Defined Fields"

  3. Enter the value for the UDFs in the Value column and click Ok.
    You can view the list of UDFs associated to this screen.

    Note:

    For more details on how to create user Defined fields, refer the topic Creating custom fields in Oracle Banking Trade Finance in the User Defined Fields User Manual under Modularity.
  4. On an existing License Expiry Date Maintenance record, you can perform the following operations (if any icon is disabled in the application toolbar, it means that the function is not allowed for the record):
    • Amend the details of the record
    • Authorize the record
    • Copy the details of an FFT on to a new record
    • Close the record
    • Reopen the closed record
    • Print the details of a record
    • Delete the record
    On the Actions menu, you can Amend/Authorize/Copy/Close/Reopen/Print/Delete a existing record.

    Note:

    Refer to the manual on Common Procedures for details of these operations.

Parent topic: LC Maintenance