Payables and Cash Management - EBS (MOSC)

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Bank Transfer exchange rate

edited Aug 19, 2021 8:21PM in Payables and Cash Management - EBS (MOSC) 4 commentsAnswered
 Hi Folks,
We have following scenario.

We have 2 banks and we need to do Inter company transfer

BANK-1 belongs to LE-1 Currency SGD

BANK-2 belongs LE-2. Currency USD




Inbound bank is SGD, receipient bank is USD, transfer currency also in USD

01-Mar-2012 exchange rate = 1 usd= 1.33 SGD (Corp rate)
02-Mar-2012 exchange rate = 1 usd= 1.22 SGD (Corp rate)

01-Mar-2012 exchange rate = 1 usd= 1.35 SGD (Spot rate)
02-Mar-2012 exchange rate = 1 usd= 1.25 SGD (Spot rate)


We have created transfer for 1000 USD on 01-Mar-2012, Payment is required for this transfer, anticipated date given as 02-Mar-2012. which exchange rate system will consider i.e  01-Mar-2012 exchange rate = 1 usd= 1.33 SGD or 02-Mar-2012 exchange rate = 1 usd= 1.22 SGD.
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