Currency Parameter Maintenance

Introduction

Every currency has its own parameter maintenance. Currency decimal maintenance is one of the parameters for currencies.  This is because different currencies could have different decimals.  For example, for Indian Rupees (INR), it is 2 decimal points as 100 paise make one rupee (INR).  Similarly for Bahrain Dinar, the currency decimal is 3.

e-Banking uses the currency decimal information for validating amount entries made by user.

 For Example:

A user is denied a funds transfer of 10.333 INR as INR currency decimal is 2. Here, the administrator can maintain the transaction amount in each currency above which  the Relationship Manager’s approval is required. If a customer tries to do a funds transfer above this specified amount in that particular currency, then the RM must approve the transfer. Also for each currency the currency delays and  working days are maintained. The application validates these for all multi currency transfers.

The e-Banking administrator can do the following:

• Get a list of currency, currency decimal and currency description

• See details of a record (currency code, currency decimal, and currency decimal), modify the currency decimal value and currency description or delete the record

• Add a new currency decimal record for a given currency code

• Specify the amount for the currency above which the Relationship Manager approval is required

• Specify the working days for a particular currency

Note:

 Currency codes must be defined as common codes for code type CRN prior to maintaining the currency decimal. The common codes for CRN must be the ISO standard codes for currencies. For example, USD for US Dollar.

 The currency code used in currency decimal maintenance must match the currency code defined through COCD maintenance.

 The currency description shown above is used only for the list of currency decimal display. The description defined in COCD is used for display in the rest of the application.

Navigation

The following is the navigation for this option:

• Click Currency Parameter Maintenance in Currency Maintenance under Application Maintenance.

• The Currency Parameter Maintenance screen is displayed.

What you can do

The table below provides a brief description of the data must be specified on the screen and the functions you can perform:

Field

Description

Currency Code

Specify the code of the currency.

Currency Decimal

Specify the number of decimal places for the currency code.