Incoming Forward Contracts

Open Contracts

Any open contracts will be displayed in the lower portion of the Incoming Forward Contract section. Here you can view the details of each open contract, such as the Creation Date, Amount and Total Cost, and make drawdowns. To make a drawdown on an open contract, click the Drawdown button.

Creating a Drawdown

• 1Choose Outgoing Wire or Outgoing Draft from the Product drop-down menu. The amount Available for Drawdown will be indicated.

• 2Choose how much you wish to drawdown from the available amount by completing the Incoming Currency field.

• 3Select the appropriate Credit Account from the drop-down menu.

• 4Enter the Value Date you expect the funds to be received.

• 5Once you have entered all the mandatory information, click Continue. The Summary box will then show details, including the Amount, Rate, Sub Total, Fee, and Total Cost.

Note: If the incoming drawdown is pending more than five business days before the payment is received, it may be cancelled.

Entering Payment Details for the Originating Payer

You must enter the information for the customer sending the payment. To do so, either Select from Your Existing Originating Payer List or Create New.

• To select from the existing list, simply search or scroll through and click the appropriate one; the information fields on the right will be automatically populated.

• To create a new ordering customer, manually enter the information in the fields on the right. For more details, view the Originating Payer tutorial.

Searching for a Bank

For outgoing wire transfers, the payee section will display the Search for Bank option. Here you can search for payee bank details either by IBAN or country. After entering your search criteria, click Search and select the appropriate bank from the results displayed below; the information fields will be automatically populated.

Completing your Payment

• 1If you have the required authorization, click Accept to execute the transaction immediately. As an additional security measure, you must re-submit your Username and Password. Then click Approve Payments. If successful, you will see 'Your Payment is Complete' followed by the Payment Reference Number.

• 2If you do not have the required authorization level, click Send for approval and check the box to alert an approver by email. The transaction will be sent to Approve a Payment. For more details, view the Approving a Payment tutorial.

With both options, you will be able to Print Details of the transaction.