Content Comparison

This chapter illustrates the functionality of the CFC module with the help of flow charts. More detailed information can be found in the following chapters.

Create New Futures Contract Based on Sales Document

Below is a flow chart that explains the process flow of creating a futures contract from a sales document.

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2. Send the futures contract with the necessary info (currency, amount, due date) to the bank. Status automatically changes to Sent.

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3. The bank sends user confirms the contract information back, or use information directly from with the bank portal.

4. Futures contract in WiseFish is filled in with bank details (CFC No. (channel-id), forward rate etc.). Change status to Approved.

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status

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to

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Approved

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In such a case, the responsible user must take an assessment and either accept or assign the bank's futures contract to Currency futures contract manually.

5. Create posting document and post as usual; the futures contract is updated automatically with relevant data from the invoice (for tracking). 

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6. Handle in/out payments of invoice with futures contract.

Link Sales Document to Existing Futures Contract

Below is a flow chart that explains the process flow of creating a linking a sales document to existing futures contract.

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3. Handle in/out payments of invoice with futures contract.

Creating a Currency Futures Contracts

Currency Futures contracts can be created from:

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