Create a Forex contract

Go to Forex contracts > Forex contracts > All forex contracts.
To create a new record, select the New button in the navigation bar and enter the following details.

Field	Description
Contract
Forex number	If you’ve set up a number sequence for forex number, this field is automatically set to a unique, system generated ID. Otherwise, enter a unique ID
Contract number	Bank’s contract number
Description	Short description of the Forex Contract
Status	• Open - Default when creating new contract. Contract is available to be linked to orders if expiration date is still in the future • Cashed in – Once the expiration date has been reached, users can cash in the contract and the status will be updated accordingly
Exchange rate	Forex Contract forward rate
Fee	The amount of fee that is related to the Forex contract
Currencies
Base currency	The currency used to purchase the foreign currency. The base currency is normally the local currency within D365 and thus the default.
Terms currency	The terms currency is the currency which is being purchased
Amounts
Amount	The amount in terms currency that is going to be purchased
Base currency amount	The amount in base currency amount used to purchase the terms currency. This field is calculated by D365 based on Amount and Exchange rate fields.
Unallocated amount	The remaining amount in terms currency of Forex contracts. This is the amount which has not yet been allocated to any documents.
Settled amount	The settled amount in terms currency of Forex, this is the amount of Forex which has been allocated to invoices or vendor transactions.
Remaining amount	The remaining amount in terms currency of Forex, this is the amount which hasn’t yet been used. The difference between Amount and Settled amount
Contract period
Date	The Forex Contract date
Fixed term period	The Forex contract might cover a fixed period, i.e. 90 days or 6 months. Options include: Day, Week, Month, and Year.
Fixed term value	Numeric value of the units defined in Fixed term period field
Expiration date	The Forex contract’s expiry date. It could either be calculated using Date, Fixed term period and Fixed term value fields or be manually input.
Other
Bank account	Bank account with which the Forex Contract was made
Allow overallocation	Indicate whether the allocated amount of Forex contracts can exceed the contract value
Vendor account	If the Contract was purchased from a vendor this can be specified here
Dealer reference	Dealer information field
Cash in bank account	Defaults from Forex parameters
Remarks	A text field which allows extra bank / vendor information to be specified
Spot
Exchange rate	Spot exchange rate on the contract day
Spot rate amount	Calculated based on previous Exchange rate field, else the current rate as setup in General ledger.
Premium	The difference between Spot rate amount and Base currency amount
Cash in
Cash in journal number	Once the Forex contract has been cashed in, this field will be populated with the created journal number.