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author's profile photo Former Member
Former Member

Exchange rate for fixed deposit

Hi,

I have two scenarios here:

Scenario1: Exchange rate of principle and maturity amount is fixed at the time of placement of FD.

Scenario2: Exchange rate of principle is fixed at the time of placement while maturity rate is decided at the time of maturity.

How can we handle these two in Treasury.

To some extent I could handle scenario 2 but not fully successful.

Thanks and regards,

Abhinav Sethi

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jul 01, 2010 at 12:38 PM

    Hi,

    At the time of creation of fixed deposit, when you enter the nominal amount, there is a detail view button next to it. In this you will be able to specify a different exchange rate other than the standard exchange rate. While this can be fixed here, for your maturity flow, it will pick the exchange rate type mentioned in your company code additional data settings. Hence if you want a different exchange rate, you need to maintain value for that exchange rate type.

    Regards,

    Ravi

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 01, 2010 at 12:31 PM

    Hi,

    Can you specify at which level you are evaluating the currency difference, like by creating FD with foreign curr and do the valuation or create the FD with own Curr and run a Foreign curr valuation. What is the exact form you are following?

    Regards

    Prasad AV

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