Forex contracts are the (foreign) currency exchange transactions arranged and executed with a bank. The Forex contracts tile allows users to register a Forex commitment made with a bank and monitor the state of those commitments. A user with permissions to edit Forex information is able to enter and approve the Forex deals.
Forex is set up in Master data using the Contract Status, Forex Contract Types and Currency Pairs configuration tiles. Please refer to the Master data section for more information.