FX Outright – Base – With TDate
Overview i. Foreign Exchange outright transaction revalued at period and using market spot rates.
ii. Settlement amounts are journalled to FRX: Deals Payables or Receivables accounts in the general ledger.
SUMMARY OF JOURNALS
J1 Trade Date
J2 Trade Date
Note J2a: The exchange rate on trade date is 2.550000 (Contract rate).
J3 Month end revaluation
Note J3b: The FX revaluation Profit/Loss is analysed as follows:
Market Rate is exchange rate on 31-Mar-03. See Exchange Rates below.
MTM can also be updated manually in the system for a FX trade. If the MTM is manually updated, please see J7 for the journals generated.