Financial - JDE1 (MOSC)

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Forward FX Contracts

edited Jun 1, 2017 7:12AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hi,

Our company has Fx Contracts with bank to apply the fixed exchange rate for Foreign currency transactions for limit of amount.

eg. We have taken a Fx contract from Bank for EUR100000 at exchange rate of 2.5 and my company's base currency is AED

Now if I make any Euro payments(foreign currency payments) system should pick the fixed exchange rate of 2.5 instead of exchange rate from daily exchange rates table till limit of 100000 Euro Payments. Thereafter the rates should be fetched from normal daily exchange rates table if no new Fx Contracts have been taken.

Can someone help me whether we can maintain Fx Contract rates in JDE and those should be fetched in JDE transactions.

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