Currency conversion : Generally the Financial Institution maintains their accounts in Home currency (or) account currency. However, for the purpose of FATCA/CRS threshold determination, they have to be converted to USD. This is enabled using Currency Conversion option.

Admin can upload the currency details with exchange values with an external data file using “upload” option. Alternatively, it can keyed in using the option “Add New” and “Edit” options. The history of exchange rates is stored in the system for reference purposes.