Differences

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

--- cats:procedures:currencies [2019/03/05 21:58] – amanda
+++ cats:procedures:currencies [2019/03/18 21:16] (current) – [Entering Currency Rates] amanda
@@ Line 22: / Line 22: @@
 Enter more details about the **''CAD''** exchange product you have added on the next screen, then pick **Apply** to proceed.
 [{{:cats:procedures:currency:currencies_exchangeproductdetailsadd.png|Enter details about the new currency.}}]\\
-CATS will return to the list of exchange products. Pick **Exit** to leave this scan.
+CATS will return to the list of exchange products so you can review your changes. Pick **Exit** to leave this scan.
+[{{:cats:procedures:currency:currencies_exchangeproductscanpostadd.png|Select Exit after reviewing the newly added exchange product.}}]
 ===Adding an Exchange for the Currency===
@@ Line 30: / Line 31: @@
 Choose **Add** from the toolbar menu to create a new exchange.\\
 [{{:cats:procedures:currency:currencies_exchangeaddfromscan.png|Pick Add to create the new exchange.}}]\\
-Enter a code for the new exchange. To make this easier, you should use
+Enter a code for the new exchange. To make this easier, you should use the same code you used for the exchange product above.\\
-[]
+[{{:cats:procedures:currency:currencies_exchangecuradd.png|Enter a code for the new exchange.}}]
+Select **Apply** to proceed.
+On the next screen, you can input more details about this currency exchange. When you have finished, pick **Apply** to return to the list of exchanges.\\
+[{{:cats:procedures:currency:currencies_exchangedetailsadd.png|Enter details about this exchange, then select Apply.}}]
+You will see the new exchange on the list.
+[{{:cats:procedures:currency:currencies_exchangeaddedtoscan.png|The exchange will be added to the list. }}]
+Select **Exit** to leave this scan.
+====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.
-CATS will return to the list of exchanges.
+===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>
-====Entering Currency Rates====
+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_contractitem_entercurrencyrateondiff.png|Enter a currency code and a rate or use the differential position month.}}]
+Pick **Save** from the menu to apply and continue.
+<note important>Remember, unless you are using a USD/Lb basis, the differential field is in dollars per unit, not in cents. </note>
+CATS will display the rate you have selected.
+[{{:cats:procedures:currency:currencies_contractitemdifferentialpricerate.png|Reviewing the currency rate on the differential.}}]
+===Rates on Invoices===
+===Rates on Broker Commissions===
+===Currency Rate Table===
 ====Multiple Currency Transactions====