How to: Set up validation of FX Rates

Created by Erik Åkerlund, Modified on Mon, 20 Feb 2023 at 02:28 PM by Erik Åkerlund

The system lets you set up thresholds in order to control major deviations in FX rates compared to normal, when entering transactions in Deal input setting FX spot at maturity in Back office. 

Here's how you monitor and maintain FX rate validation:

  1. Go to Register > Setup > FX Rate Validation.

    This is where you set up reference values for warning and fail levels in FX deal input views.

  2. You can either enter each individual rate combination manually or to quickly update all reference rates, select a rate table in the drop-down menu and press Update. The warning and fail levels are by default 10% and 50% respectively.

  3. When the setup is complete press Save.

FX rate validation in action

When entering deals or confirming transactions in Confirm - close, you will receive a warning if the FX rate deviates from either the warning level or the fail level.




The warning message will still let you enter the transaction, however if the deviation exceeds the fail level you will not be able to confirm the transaction.

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