Forex groups

Forex groups make it possible to specify cash instruments (also where the dealer differs) who are allowed to do forex money transfer between themselves without having to first do a transfer to the transacting account in order to do forex exchange transactions in the transacting account. Forex groups is therefore a grouping of cash instruments that can do forex exchanges among themselves.

Multilple forex groups can be created and named. There will be only one cash instrument per currency in a group. When creating a forex money transfer, the system will select the cash instrument in the desired currency from the instrument group of the ‘from’ cash instrument to determine the ‘To’ cash instrument of the forex exchange.

Forex groups can be setup under the System main menu:

Last Updated on 6 years ago by Antoinette Van Meyeren