Get Rate – ANZ

After a cross-currency payment has been fully approved, the system checks whether an exchange rate is required, and if so, puts the payment into a Needs Rate status. To get a dynamic rate for a payment in a Needs Rate status, follow the steps below.

Cross-currency payments can only obtain a dynamic rate after they have been fully approved and are in a Needs Rate status
A dynamic rate can only be obtained on the Value Date of the payment, before cut-off time for the payment type
If a payment is future dated, you cannot obtain a dynamic rate until the date of the payment (i.e. the Value Date)
Only users logged in with a security device, either a token or ADK, and who have the appropriate entitlements, can use the Get Rate function
Use Method 2 to get a dynamic rate for several payments at the same time

STEP	ACTION
1	Go to the Payments > Current Payments screen
2	Click View > Needs Rate from the Control Bar to view all payments that require a dynamic rate. If required, you can further refine the payments on screen by using Filter or Sort: Use Filter on the Control Bar. Enter criteria into one or more text boxes that are under each column heading to display matching records. Sort columns by clicking on the column heading. The column will reorder in ascending order. Click again to order in descending order.
3	Use one of the following methods to display the Get Rate pop-up window: Method 1: Right-click on the payment and click Get Rate on the Context Menu Method 2: Select the payment(s) and click Actions > Get Rate on the Control Bar Method 3: Click on the payment in the list to display the Payment Details screen and then click Get Rate on the Control Bar
4	Click Get Rate in the Get Rate pop-up window: RESULT: The amount and rate are displayed with a 30-second countdown until the rate expires.
5	To accept the displayed exchange rate, click Trade before the rate expires. RESULT: A confirmation pop-up window is displayed and the payment status will change to Trade Successful before it begins processing. To reject the displayed exchange rate, click Cancel or wait until the countdown expires.