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Example
The offset amount for the transaction involving Mrs Tulliver would be 500. The amount displayed would be in
USD since that is the offset currency.
Instrument No
You have to enter the instrument number here if the transaction code, of either leg of the
transaction, specifies an instrument number. If the ‘Cheque Required’ box is checked at the
product level, input to this field will be mandatory.
Bank Code
If the cheque is drawn on another bank, you can enter the Bank Code (if maintained) of the
clearing bank.
Value Date
The Value Date is the date on which a transaction comes into effect. The system displays the
current system date here. You can, however, enter a back dated (that is a date prior to the
current system date) or a future dated transaction.
The system will display an override message in the following cases:

If the value date is back dated or future dated

If the value date is a holiday
Cheque Type
Select the type of cheque, from the adjoining drop-down list. You can choose any one of the
following options:

Normal

Circular

A Type
Exchange Rate
Different types of exchange rates can be maintained in your branch For example, you can define
an exchange rate for travelers’ checks in USD and an exchange rate for cash transactions in
USD.
When you define a product, you specify an ‘Exchange Rate Type’ for it. The exchange rate,
corresponding to the Rate Type, defaults to all transactions entered for the product. Please note
that the exchange rate that the system uses is the exchange rate corresponding to the exchange
rate type that is defined for the product the transaction involves.
Example
While creating ‘Money for Nothing’, a travelers check product for sale, you would specify an exchange rate
type ‘TCsale’
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