Differences

This shows you the differences between two versions of the page.

--- cats:procedures:currencies [2019/03/06 17:14] – [Entering Currency Rates] amanda
+++ cats:procedures:currencies [2019/03/18 21:09] – [Entering Currency Rates] amanda
@@ Line 41: / Line 41: @@
 ====Entering Currency Rates====
+CATS uses several ways to find the exchange rate for currencies.
 ===Positions on the Exchange===
+You can set up default rates on a daily or monthly basis for CATS to use with currencies. This is done by adding these rates as positions in the **Positions on the Exchange** area.
+Starting from the main menu, go to **Exchange Trades** > **Positions on the Exchange**.
+[{{:cats:procedures:futures:exchangetrades_positionsontheexchange.png|Go to the Positions on the Exchange area.}}]\\
+This is a list of positions currently active in CATS that are used to value material, or, for our purposes, currencies.
+Next, select **Add** from the toolbar menu to create a new position for the currency.
+[{{:cats:procedures:futures:exchangetrades_addpositiononexchange.png|Select Add from the toolbar menu to create a new position for the currency}}]\\
+Enter details about the new exchange position here:
+  * Enter the **Exchange** as **''CUR''**.
+  * Enter the **Product** as **''CAD''** (or your chosen currency code).
+  * Enter a position date.
+  * Choose **Not an option** from the drop-down menu.
+[{{:cats:procedures:currency:currencies_addingpositionontheexchange.png|Enter details about the currency position to be added.}}]
+When finished, click **Apply** to continue. CATS will display the list of positions again. Select **Exit** to leave this area.
 ===Rates on Contract Items===
+Currency rates can be entered on fixed prices and differentials on individual contract items. This helps CATS calculate the default currency amount.
+<note tip>You can enter either a fixed currency rate **OR** use a currency position you have already added in the system. </note>
+While reviewing a contract item, choose **Price$** from the menu to change the fixed price on the contract item.
+[{{:cats:procedures:currency:currencies_contractitem_selectpricefrommenu.png|Choose Price from the menu to change the fixed price on the contract item.}}]
+Enter a currency code in the **''CUR''** box. Then, you can enter either a rate in the **''Rate''** box OR a currency month in the **''Mn''** and year **''Yr''** boxes. In this example, we have entered **''CAD''** and **''5''** **''19''**, which means the currency rate for CAD for position 2019-05 will be used.
+[{{:cats:procedures:currency:currencies_contractitem_yearmonthonfixedprice.png|Entering a currency code and month and year on an item.}}]
+Choose **Save** from the menu above to save and continue. CATS will display the currency rate to be used in the P&L box above.
+[{{:cats:procedures:currency:currencies_contractitem_rateandyearmonthshown.png|CATS will display the currency rate to be used in the P&L box above.}}]
+When viewing the list of contract items, you can also see which currency the item is priced in.
+[{{:cats:procedures:currency:currencies_contractitem_currencyonitemlist.png|CATS displays the currency in the item list.}}]
+To change the differential price, select **Dffntl$**.
+[{{:cats:procedures:currency:currencies_contractitemselectdffntlfrommenu.png|Select Dffntl$ to change the differential price on a contract item.}}]
+Enter a currency code in the **''CUR''** box. Then, you can enter either a rate in the **''Rate''** box or leave it blank to use the currency rate for the differential position.
+[{{:cats:procedures:currency:currencies_contractitemdifferentialpricerate.png|Enter a currency code and a rate or use the differential position month.}}]
+Pick **Save** from the menu to apply and continue.
+[{{:cats:procedures:currency:currencies_contractitemdifferentialpricerate.png|Reviewing the currency rate on the differential.}}]
 ===Rates on Invoices===
 ===Rates on Broker Commissions===