Lock FX Rates

Use the Lock FX Rates feature to lock FX Rate Types. The feature prevents or allows all FX Rate Types rates to be changed. This may help eliminate mistakes and provides Audit and Task Activity information around FX Rate activities, adding integrity to the FX Rate Type data.  

File Loads or XFSetRate functions will fail if an FX Rate Type is locked.

The application locks the FX Rate Type by Time only, not by details of source or destination currency.

All locking is performed from the interface or a business rule.   

Security Administrators have full rights and all functionality including locking and unlocking, by default. To assign non-administrators lock and unlock rights requires standard security group assignments in Application > Security Roles.

Non-administrators:

  • Must be granted access to Application User Interface Roles / FxRatesPage. This will grant View access to the Rates and the Locking Page.

  • Access to the FX Rate Types, creating and deleting, and modifying/loading rates has not changed. Users must be granted Application Security Roles / ManageFXRates.

  • Users that will lock rates manually or via BRAPI Rules will require Application Security Roles / LockFxRates.

  • Users that will unlock rates manually or via BRAPI Rules will require Application Security Roles / UnLockFxRates.

Security Roles that Manage the Locking Features

Depending on the settings for LockFXRates and UnlockFXRates, users will have access to the Manage FX Rate Locking window.

The Administrator User Group  by default has both roles. Other users can be assigned permissions for lock only, unlock only or both. You do not need to be able to manage the rates, lock/unlock is a separate role.

Users need  security rights to each of these roles to lock and unlock.

To access FX Rates Security Roles

  1. From the Application tab, go to Tools > Security Roles.

  2. Change ManageFXRates to allow users visibility to the FX Rates functionality.

  3. (Optional) Change LockFXRates to allow users to lock rates.

  4. (Optional) Change UnlockFXRates to allow users to unlock rates.

NOTE: Users can have access to either LockFXRates or UnlockFXRates. They do not need access to both.