These modules can be
used by exporters/importers who buy/sell or incur liabilities
in foreign currencies. The risk exposure to currency
fluctuations can be controlled by hedging the currency
with an F.E.C., typically taken out with a counter party
such as a bank.
This group of modules allows you to record and track
currency contracts. You can trade in any currency with
any reciprocal currency. Forward points default from
the currency exchange rate table and are used in conjunction
with quoted spot rates to determine the forward rate
and reciprocal value. Trades can come to maturity and
be settled, or portions can be pre-delivered, or rolled
and settled with G/L update. Trades can also be distributed
to customer/vendors, commodities or reason code such
as ‘vessel’ or equipment purchase.
Reports include currency Brought To Market, Maturity,
Open/Closed and Distribution.
Helps reduce risk by controlling
currency loss
Lock in margins on exports
and imports
Facilitates operational control
on high value currency contracts
Get more detailed information about dbcSMARTsoft modules by downloading the document below:
