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Entity Specific Exchange Rates

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How does FCCS handles entity specific Average and Closing rates.

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We have a requirement where we have many entities which uses different Closing and Average rates. These are not Acquisition rate related companies. Creating Local rates account is a known process but this only translate movements and also we have to write that in override rules. Is there any way in FCCS by which we can update entity specific closing rate and average rates.

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