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FX NDF: Error In Getting The Base FX Rate Maintained For The Fixing Contract (Doc ID 2873593.1)

Last updated on JUNE 01, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Symptoms

Actual Behavior

Error in getting the base FX rate maintained for the fixing contract

When user is trying to create an FX NDF fixing deal, by entering only one of the amounts (For e.g. Only sell amount is entered for a sell deal) providing the base rate maintained in the CYDRATEE screen, getting the error 'Could not get the exchange rates CY-9001' error code. The exchange rate between the CCYs USD and EUR is maintained in the system. This error comes when we click on the 'Calculate/Recalculate' button.
Suppose we have the amount available in both the fields, BOT and SOLD amount field then we are getting the error code, 'Amount to rate Conversion Failed FX-0003'.


Expected Behavior

System should fetch the base rate for the fixing deal when we do not enter any rate code manually.


Business Impact

The issue has the following business impact:
Due to this issue, users are creating forex fixing contract


Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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