<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000353" xml:lang="en">
   <Header>
      <Title>Rate determiners</Title>
      <Keyword type="header" order="d1e1133656">
         <Level1>Rate determiners</Level1>
      </Keyword>
      <Keyword type="header" order="d1e1133659">
         <Level1>Fixed rates</Level1>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>LN converts amounts from the transaction currency to the home currencies using the
		currency rate that is valid according to the <Link href="/baanerp/ci/glossary/glossary#000007" role="glossary">rate determiner</Link> that applies to the transaction.</Paragraph>
      <List>
         <ListIntro>You can select a default rate determiner for transactions with
		  business partners in the following sessions:</ListIntro>
         <ListItem>
            <GUIRef href="/baanerp/tc/com/tccom4110s000" role="session">Sold-to Business Partner (tccom4110s000)</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/com/tccom4120s000" role="session">Buy-from Business Partner (tccom4120s000)</GUIRef>
         </ListItem>
      </List>
      <List>
         <ListIntro>For the <Link href="/baanerp/tc/glossary/glossary#000047" role="glossary">standard currency system</Link>, you can use the following rate
		  determiners:</ListIntro>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#docd" role="option">Document Date</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#manual" role="option">Manually Entered</GUIRef>
         </ListItem>
      </List>
      <List>
         <ListIntro>For the other currency systems, you can use the following rate
		  determiners:</ListIntro>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#docd" role="option">Document Date</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#manual" role="option">Manually Entered</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#ddat" role="option">Delivery Date</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#rdat" role="option">Receipt Date</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#excd" role="option">Expected Cash Date</GUIRef>
         </ListItem>
      </List>
      <List>
         <ListIntro>In addition, for an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>, the following rate
		  determiners are available:</ListIntro>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#fixed" role="option">Fixed</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#fixedl" role="option">Fixed Local</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#fixedh" role="option">Fixed Hard</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#fixedlh" role="option">Fixed Local and Hard</GUIRef>
         </ListItem>
      </List>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Document Date</SectionTitle>
      <Paragraph>If the rate determiner
		is <GUIRef href="/baanerp/tc/domains/fcrt#docd" role="option">Document Date</GUIRef>, LN uses
		the rate that is valid on the date and time at which the documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#docd" role="option">Document Date</GUIRef> rate determiner applies to all types of transactions. You can manually change
		the rate. If you write off currency differences, LN includes open
		entries with this rate determiner only if the document date has passed.</Paragraph>
      <Paragraph>The default rate is the
		rate that is valid on the order date. If you generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>, LN uses the rate that
		is valid on the invoice document date.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Manually Entered</SectionTitle>
      <Paragraph>If the rate determiner is <GUIRef href="/baanerp/tc/domains/fcrt#manual" role="option">Manually Entered</GUIRef>, you can manually enter the rate. By default, LN uses the rate that
		is valid on the date and time at which the documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#manual" role="option">Manually Entered</GUIRef> rate determiner applies to all types of transactions. If you
		write off currency differences, LN includes open entries with this rate determiner only if the
		document date has passed.</Paragraph>
      <Paragraph>When you generate the
		sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>, LN copies the rate from the order document to the invoice.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Delivery Date</SectionTitle>
      <Paragraph>If the rate determiner is <GUIRef href="/baanerp/tc/domains/fcrt#ddat" role="option">Delivery Date</GUIRef>, LN uses
		the rate that is valid on the expected delivery date and time on the sales
		order or service order.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#ddat" role="option">Delivery Date</GUIRef> rate determiner only applies to sales orders, service orders, and sales
		invoices. You cannot manually change the rate. If you write off currency
		differences, LN includes open entries with this rate determiner only if the expected delivery
		date has passed.</Paragraph>
      <Paragraph>The rate is determined
		for the sales order. When you generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>, LN copies the rate from
		the sales order to the invoice.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Receipt Date</SectionTitle>
      <Paragraph>If the rate determiner
		is <GUIRef href="/baanerp/tc/domains/fcrt#rdat" role="option">Receipt Date</GUIRef>, LN uses
		the rate that is valid on the date and time at which you expect to receive the
		goods.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#rdat" role="option">Receipt Date</GUIRef> rate determiner only applies to purchase orders and purchase invoices. You
		cannot manually change the rate. If you write off currency differences, LN includes open
		entries with this rate determiner only if the expected receipt date has passed.</Paragraph>
      <Paragraph>The rate is determined
		for the purchase order. If you use the self billing functionality to generate
		the purchase invoice, LN copies the rate from the purchase order to the invoice.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Expected Cash Date</SectionTitle>
      <Paragraph>If the rate determiner is <GUIRef href="/baanerp/tc/domains/fcrt#excd" role="option">Expected Cash Date</GUIRef> LN uses
		the rate that is valid on the date and time on which payment of the sales
		invoice or purchase invoice is expected.</Paragraph>
      <Formula space-and-orientation="indented-estimated">
         <Paragraph>Expected cash date = expected delivery/receipt date + payment period </Paragraph>
      </Formula>
      <Paragraph>The payment period is specified in the <GUIRef href="/baanerp/tc/mcs/tcmcs0113s000" role="session">Payment Terms (tcmcs0113s000)</GUIRef> session.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#excd" role="option">Expected Cash Date</GUIRef> rate determiner applies to all types of transactions. You cannot
		manually change the rate. If you write off currency differences, LN includes open
		entries with this rate determiner only if the expected cash date has passed.</Paragraph>
      <Paragraph>If you generate the
		sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>, LN uses the rate that is valid on the invoice document date plus the number of
		days from the payment terms.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Fixed rates</SectionTitle>
      <List>
         <ListIntro>The following general rules apply to the various <GUIRef href="/baanerp/tc/domains/fcrt#fixed" role="option">Fixed</GUIRef> rate
		  determiners:</ListIntro>
         <ListItem>Fixed rate determiners
		  only apply to an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>.</ListItem>
         <ListItem>The rate is fixed only
		  if you enter it manually. If you do not enter the rate manually, LN uses the rate that
		  is valid on the document date.</ListItem>
         <ListItem>When you write off
		  currency differences, no currency differences are calculated for open entries
		  with a fixed rate determiner.</ListItem>
      </List>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Fixed</SectionTitle>
      <Paragraph>You can use the <GUIRef href="/baanerp/tc/domains/fcrt#fixed" role="option">Fixed</GUIRef> rate
		determiner only for an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link> or a <Link href="/baanerp/tc/glossary/glossary#000023" role="glossary">single currency system</Link> system.</Paragraph>
      <Paragraph>If you manually enter
		the rates between the transaction currency and the home currencies, the rates
		are fixed. The other rates are based on the document date of the actual
		document.</Paragraph>
      <Paragraph>If you do not manually
		enter the rate for the local currency, the rates are not fixed. LN uses the rates that
		are valid on the date and time at which the documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#fixed" role="option">Fixed</GUIRef> rate
		determiner applies to all types of transactions. When you write off currency
		differences, no currency differences are calculated for open entries with this
		rate determiner.</Paragraph>
      <Paragraph>If you manually entered
		the rates, LN copies
		the rates from the order document to the invoice when you generate the sales
		invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>. If you did not manually enter the rates LN uses the rate that
		is valid on the invoice document date when you generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Fixed Local</SectionTitle>
      <Paragraph>You can use the <GUIRef href="/baanerp/tc/domains/fcrt#fixedl" role="option">Fixed Local</GUIRef> rate determiner only for an independent currency system. If you manually enter
		the rate between the transaction currency and the local currency, the rate is
		fixed. The other rates are based on the document date of the actual document.</Paragraph>
      <Paragraph>If you do not manually
		enter the rate for the local currency, the rate is not fixed. LN uses the rate that
		is valid on the date and time at which the documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#fixedl" role="option">Fixed Local</GUIRef> rate determiner applies to all types of transactions. When you write off
		currency differences, no currency differences are calculated for the local
		currency for open entries with this rate determiner.</Paragraph>
      <Paragraph>If you manually entered
		the rate, LN copies the
		local currency rate from the order document to the invoice when you generate
		the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>. For the reporting currencies, LN uses the rates that
		are valid on the invoice document date. If you did not manually enter the rate
		for the local currency, the rate is not fixed. LN uses the rate that
		is valid on the invoice document date when you generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Fixed Hard</SectionTitle>
      <Paragraph>You can use the <GUIRef href="/baanerp/tc/domains/fcrt#fixedh" role="option">Fixed Hard</GUIRef> rate determiner only for an independent currency system. If you manually enter
		the rates between the transaction currency and the reporting currencies, the
		rates are fixed. The local currency rate is based on the document date of the
		actual document.</Paragraph>
      <Paragraph>If you do not manually
		enter the rates between the transaction currency and the reporting currencies,
		the rates are not fixed. LN uses the rate that is valid on the date and time at which the
		documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#fixedh" role="option">Fixed Hard</GUIRef> rate determiner applies to all types of transactions. When you write off
		currency differences, no currency differences are calculated for the reporting
		currencies for open entries with this rate determiner.</Paragraph>
      <Paragraph>If you manually entered
		the rates, LN copies
		the reporting currency rate from the order document to the invoice when you
		generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>. For the local currency, LN uses the rate that
		is valid on the invoice document date. If you did not manually enter the rates
		between the transaction currency and the reporting currencies, the rates are
		not fixed. LN uses the
		rates that are valid on the invoice document date when you generate the sales
		invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Fixed Local and Hard</SectionTitle>
      <Paragraph>You can use the <GUIRef href="/baanerp/tc/domains/fcrt#fixedlh" role="option">Fixed Local and Hard</GUIRef> rate determiner only for an independent currency system. If you
		manually enter the rates between the transaction currency and the home
		currencies, the rates are fixed. The other rates are based on the document date
		of the actual document.</Paragraph>
      <Paragraph>If you do not manually
		enter the rate for the local currency, the rates are not fixed. LN uses the rates that
		are valid on the date and time at which the documents are created.</Paragraph>
      <Paragraph>The <GUIRef href="/baanerp/tc/domains/fcrt#fixedlh" role="option">Fixed Local and Hard</GUIRef> rate determiner applies to all types of transactions. When you
		write off currency differences, no currency differences are calculated for open
		entries with this rate determiner.</Paragraph>
      <Paragraph>If you manually entered
		the rates, LN copies
		the rates from the order document to the invoice when you generate the sales
		invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>. If you did not manually enter the rates LN uses the rate that
		is valid on the invoice document date when you generate the sales invoice in <GUIRef href="/baanerp/ci" role="package">Invoicing</GUIRef>.</Paragraph>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/domains/fcrt" role="domain">Currency Rate Determiner</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/td/onlinemanual/000334" role="manual">To handle rate determiners in Purchase</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/td/onlinemanual/000335" role="manual">To handle rate determiners in Sales</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>