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This option which is set at the product level once chosen cannot be amended after the first time it
is authorized. If you enable this option, you have to mandatorily specify the GL heads for various
items captured in the items details screen of the contract at contract level. If a single vendor
provides multiple services to your bank but different expense heads need to be charged, you will
have to check against this field.
4.2.6 Indicating the Contract Details to be Rekeyed
All contracts entered in the system should be ratified or ‘authorized’ by a user with the requisite
rights.
To ensure that the authorizer of a contract calls the correct contract, you can specify that the
values of certain fields should be entered before the other details of the contract are displayed for
authorization. You can make this specification when building a product by choosing the Rekey
option. Your specification will apply to all contracts involving the product.
The fields for which values have to be provided at the time of authorization are called rekey fields.
You can specify any or all of the following as re-key fields:

Amount

Currency

Vendor

Transaction Date

Maturity Date
If you do not specify re-key fields, the details of the contract will be displayed immediately when
the authorizer calls the contract for authorization.
4.2.7 Specifying the Default Exchange Rate Type
When defining a product, you can specify a default ‘exchange rate type’. For example, you can
specify the exchange rate type as ‘Spot Rate’. This rate type will default to all contracts involving
the product.
When you enter an expense contract, the exchange rate (maintained in the currency table)
corresponding to the Exchange Rate Type specified for the product will default.
4.2.8 Limits Monitoring
When defining your preferences for a product, you should specify the method in which you would
like to calculate the tenor for tracking limits for contracts involving the product.
The tenor calculation type can be either:

Fixed

Rolling
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