cats:procedures:currencies

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cats:procedures:currencies [2019/03/06 17:14] – [Entering Currency Rates] amandacats:procedures:currencies [2019/03/18 21:16] (current) – [Entering Currency Rates] amanda
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 ====Entering Currency Rates==== ====Entering Currency Rates====
 +CATS uses several ways to find the exchange rate for currencies.
 ===Positions on the Exchange=== ===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=== ===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_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 Invoices===
 ===Rates on Broker Commissions=== ===Rates on Broker Commissions===
  • cats/procedures/currencies.1551892461.txt.gz
  • Last modified: 2019/03/18 17:24
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