Currency Details

Purpose

Vault allows for multiple currencies to be used. This is managed through the assignment of a currency to an account on creation of the account.

Reports must be filtered or ordered to separate currencies to produce meaningful results, as no currency conversion takes place.

The Dealer and Insurer (if applicable) on an account must be associated with the same currency as the account.

Field	Description
Monday - Sunday Non Business Days	Deposit Module Only Check on the days that are non-business days On reinvestment, deposit maturity dates will not be set to the weekend
Check Bank Accounts	Not Used
GST Rules	Determine the GST rule that is to be used in curtailment processing where the Bailment Control Details Curtailment Model is set to GST. Australia – Curtailment GST rules for Australia will be used. A GST invoice will be created for each curtailment payment splitting the payment between the GST value and net amount to decrease the principal outstanding balance. New Zealand – On the receipt of the first curtailment payment a GST invoice will be created for the full amount of GST applicable to the principal outstanding (future ledger balance). Subsequent payments will be considered exclusive of GST.
Financial Year Month Start	Records the Financial Year Month Start Accept only values from 1 to 12

Related Articles
Currency Browse
Purpose To provide a list of Currency Codes that have been established Access Control | Edit/View Currency Codes [F2] lookup on Currency Code field Search Criteria
Non Business Days Details
Purpose Non Business Days are entered to the system to prevent those dates being used As the new maturity date when a deposit is reinvested As the last communication date for the Fixed Loan Arrears export An import process is available to upload Non ...
Tax Code Details
Purpose Allow the setup of Tax codes that represent rates and rules. Typically the Rate will be for the calculation of GST. Access Control | Edit/View Tax Codes [F2] Lookup on Tax Code Fields Dialog Details Details Specific Fields Field Explanation ...
Distributor Fee Rule Details
Purpose To establish the rules of for Bailment fees The fee may be either a percentage of the gross total of the account or a specific amount Access View | Bailment Dealer | | Rates and Fees Tab | Fess Rules | Dialog Details Details Specific Fields ...
Variable Loan Financial Details
Purpose Allows the entry of initial loan components. Liability entries will be posted to the account associated Dealer for Payout per the rules defined on the selected Dealer profile Access Variable Loan Account | Dialog Details Details Specific ...