Currency - Rates Authorization
Aura provides a consolidated currency rate authorisation screen where you can view all the unapproved currency rates. This option not only enables bulk / selective currency rates authorisation, but also facilitates propagation of these rates from one branch to other branches. Thus, you can maintain the currency rates for one branch but, also copy these to other branches as required.
To do bulk authorization of currency rates and propagate to other branches:
- From Admin menu, click System Codes, Currency, and then Rates authorization. All currency rates which are not approved in Aura appear on the page, based on the values that you input for the search inputs -- Branch and Currency rate type.
Functions: Approve, Reject
You see the details of the unapproved currency rate records along with two checkboxes.
The first check box -- to the left -- is used to select the record for Approve / Reject. Click the checkbox in the title to select all the records or select the records individually by checking the required records.
The second check box is to the right of each currency rate record under Propagate rate. It is used to propagate the selected currency rate to the other branches. You can propagate any currency rate at the same time when you are approving it by checking both left and right boxes.
Click Approve. Approve Currency Rates window appears. On confirmation, the selected currency rates are approved, and the unapproved currency gets removed from the screen.
If you had also checked the Propagate rate checkbox, the approved currency rates will automatically be propagated to those branches for which the Receive propagated currency rates field is enabled in Branch Maintenance. The propagation will be successful only if the following conditions are met:
if the currency pair is valid in the receiving branches
if the Rate type is maintained for the receiving branches