This segment is used to specify the currencies for international trading.

The CUX segment may be omitted for national exchanges.
The CUX segment is mandatory for international exchanges.

When specifying Reference and Target Currencies for international trade, one occurrence of CUX is all that is required. The reference currency is identified in the first occurrence of composite C504, with the target currency specified in the second occurrence of C504. The rate of exchange between the two is specified in DE 5402.

The general rule for calculating the rate of exchange is as follows :

Reference Currency multiplied by Rate = Target Currency

Example :

CUX+2:GBP:12'

CUX+2:GBP:12+3:BEF:11+49.50'

Dependency Notes :

C504: The second occurrence of this composite is only used if a target currency is being specified.

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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