What is FXE

FXE is used for entering FX deals, if the full TRS system is not required or there is a need to enter currency translations as an internal control. The result of completing FXE is that 2 documents will be created, each cross-relating to the other with the dealt and settled amounts shown on both, with the other currency shown as a narrative amount. Any number of transactional legs can be entered as long as they eventually net to zero for document authorisation.

How to use FXE

Supply the dealt and settlement currency codes, the maturity date and date of transaction (memorandum use only). Enter the dealt amounts (correctly signed) with their respective account codings and activate the [calculate] button. Using the exchange rate supplied, the settlement amounts will be calculated and shown in the grid, available for update, if necessary.