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| Function: |
| To specify currencies used in the transaction and relevant details for the rate of exchange. |
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Currency details qualifier |
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Currency details qualifier |
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| The rate of exchange which applies between the reference and target currency. |
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| Currency market exchange, coded |
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| Segment Notes: |
This segment is used to specify currency information which applies to the entire group.
The CUX segment may be omitted for national exchanges.
The CUX segment is mandatory for international exchanges.
When specifying Reference and Target Currencies, one occurrence of CUX is all that is required. The reference currency is identified in the first occurrence of the composite C504, with the target currency specified in the second occurrence of C504. The rate of exchange between the two is detailed in DE 5402.
The general rule for calculating rate of exchange is as follows:
Reference Currency multiplied by Rate = Target Currency.
Example:
1. Where only the price list currency needs to be identified for national trade.
CUX+2:BEF:8'
2. For international trade, the price list currency is identified as Pounds Sterling and the payment currency is to be Belgian Francs. The rate of exchange between the two is 48.50 Belgian Francs to 1 Pound Sterling.
CUX+2:GBP:8+3:BEF:11+48.50'
Dependency Notes :
DE C504: The second occurrence of this composite is only used if a target currency is being specified.
DE 5402: The rate of exchange is only used if a target currency has been identified in the second occurrence of C504. |
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