How To Map Forex Transactions And Forward Contract In Foreign Currency In Oracle Loans (Doc ID 949123.1)

Last updated on FEBRUARY 23, 2015

Applies to:

Oracle Loans - Version: 12.0.5 and later   [Release: 12.0 and later ]
Information in this document applies to any platform.
***Checked for relevance on 03-AUG-2011***

Goal


Customers use Pre-Shipment Packing Credit Loan and Post Shipment Credit Loan in different Currencies from the bank.  The bank charges interest on it and whenever the foreign customer gives the payment, they match it with the loan amount. They also enter the bank with some Forward Contract to hedge themselves from the uncertainly in the foreign currency fluctuation.

How to map Forex Transaction and Forward Contracts entered in Foreign Currency in Oracle Loans?


Solution

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