Payment order with indiv. FX
How to use this window
Use this window to enter and change a one-off payment order with individual FX rate within Komerční banka. Own purchased FX funds can be used for payment. A payment order with an individual FX rate can only be entered without conversion. The beneficiary’s account currency must be the same as the currency of the purchased FX funds.
A payment order with individual FX rate can only be entered if the owner has concluded a contract "On an individual exchange rate" or "On eTrading".
Use payment orders with individual FX for the following kinds of payments to:
It is possible to enter a payment order with an advance due date of up to 364 days advance.
Before their due dates, orders with advance due dates are displayed in List of orders with indiv. FX with the "waiting" status. On the due date, orders are processed as standard orders and their status will change.
Limits (subject limit and FX limit) are decreased at the moment of sending the order to the bank (i.e. on the day of creation).
No additional check of limits is performed on the due date (the check was performed when sending the order to the bank). This means that much more than the daily subject limit (or limit of assignee) can be cleared from operated accounts when more orders with the same due date accumulate.
To ensure processing of an order with FX on the same accounting day, the order must be received for bank processing by 4 p.m. at the latest.
Payment orders in foreign currency with individual FX with due dates of the current banking day can only be sent until 4 pm of that banking day.
This window will also open if you decide to modify the order in the Orders for authorization with indiv. FX list.
Description of some terms (such as Header, Notifications, variable and others symbols etc.) can be found in the glossary or in FAQ.
Description of the window and its elements
| Element | Description |
| Account number | "bought FX funds" - accounting to the debit of an internal account of the bank (GL account, bank general lodger account) |
| From template | Use this drop-down list to select an Order template or enter data of the payment related to the beneficiary defined under the template name. |
| Transfer amount in the bought FX funds currency | Select this option to specify that the amount in the beneficiary's account currency will be calculated from the amount and the currency of bought funds entered here, using the exchange rate list valid at the moment of accepting the order for processing. Decimal comma is used as a decimal separator, not decimal point. The thousand separator is not used. Up to two decimals can be entered. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY). |
| Bought FX funds currency | The currency of the specified payer’s account. |
| Or amount in the currency of beneficiary's account | Select this option to specify that the amount in the currency of bought FX funds will be calculated from the amount and the beneficiary’s account currency entered here, using the exchange rate list valid at the moment of accepting the order for processing. Decimal comma is used as a decimal separator, not decimal point. The thousand separator is not used. Up to two decimals can be entered. Decimals cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY). |
| Beneficiary’s currency | The beneficiary’s account currency must be the same as the currency of the purchased FX funds. |
| Clear button | Press this button to set all form fields to defaults, i.e. to values used before user entries. |
| Save as template button | Press to create a new order template and associate filled-in data of the payment with this template. Enter a new template name in the window that opens upon pressing this button. You will then return to the form. |
| Save for authorization button | After filling in all necessary data of the order, press this button to add it to the Orders for authorization with indiv. FX list. You have to send the order to the bank from this list within ten days, otherwise it will be deleted. Orders are typically added to the Orders for authorization with indiv. FX list when users want to create more orders first and then sign and send them at once or when users do not have sufficient limits to send orders. |
| Sign and send... button | Press this button to open the Payment order with indiv. FX - authorization window enabling you to check entered data of the order, to sign and send the order to bank for processing. |
| Save changes button | This button will only be displayed if you opened the window to modify an order from the Orders for authorization list. Press to save changes and return to the list. |
| Back button | This button will only be displayed if you opened the window to modify an order from the Orders for authorization list. Press it to move to the Orders for authorization window. |
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