Setting up FX Rate Templates
FX Rates is a tab under the Products section where Platform Administrators can create and manage FX Rate templates, a collection of multiple Exchange Rates.
These FX rates:
Will be used to convert the value of an instrument to the Deal currency to calculate the limit used
Can be updated via [API and SFTP]
FX rates and Limit calculations example: If you have a $10m facility and a EUR 100,000 invoice is uploaded, then the USD - EUR rate will be used to calculate the Limit, when the invoice is funded.
More on limit calculation here
Step 1: Open FX Rates Dashboard
Go to the Products section -> FX Rates. Here you can revise all set up Floating rates.
Click on the “Add New Template” button
Step 2: Add an FX Rates Pair
Click on “Add New Template”
Define Template Name
Click “Add New Pair” - Provide the name for the interest rate that will be used and the Value.
Click save
More information about how the FX Rates work and how to update them can be found here