<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/cri000720" xml:lang="en">
   <Header>
      <Title>Euro compliance implementations</Title>
      <Keyword type="header" order="d1e2134381">
         <Level1>Euro compliance</Level1>
         <Level2>implementations</Level2>
      </Keyword>
      <Keyword type="header" order="d1e2134386">
         <Level1>Implementations</Level1>
         <Level2>euro compliance</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>The type of changes that you need to make depend on the currency
		system used before and after the internal euro initialization.</Paragraph>
      <List>
         <ListIntro>To comply with the fixed-rate rule (a fixed rate exists
		  between the EMU currency and the euro), the new currency system must be one of
		  these:</ListIntro>
         <ListItem>Single currency or dependent multicurrency, in which the
		  reference currency must be euro.</ListItem>
         <ListItem>Standard multicurrency, in which the local home currency must
		  be euro, and no restrictions exist for the reference currency.</ListItem>
      </List>
      <List>
         <ListIntro>Internal euro initialization involves changing:</ListIntro>
         <ListItem>The reference currency from an EMU currency to euro (single
		  currency or dependent multicurrency system)</ListItem>
         <ListItem>The local home currency from an EMU currency to euro (standard
		  multicurrency system).</ListItem>
      </List>
      <Paragraph>If you already use the maximum of three home currencies, you can
		replace one of your home currencies with the euro.</Paragraph>
      <Paragraph>This table shows examples of typical euro compliance
		implementations. The <GUIRef href="" role="manual">System and currencies after conversion</GUIRef> column contains the specific data defined for the conversion cluster and the
		conversion-cluster companies.</Paragraph>
      <TABLE width="100%" border="1" borderstyle="default"
             space-and-orientation="indented-estimated">
         <TBODY noTR="9">
            <TR no="1" isLast="false">
               <TH colspan="2" rowspan="1">Examples of euro compliance implementations</TH>
            </TR>
            <TR no="2" isLast="false">
               <TH rowspan="1" colspan="1">System and currencies before conversion</TH>
               <TH rowspan="1" colspan="1">System and currencies after conversion</TH>
            </TR>
            <TR no="3" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Single currency</GUIRef> Reference currency = EMU Local
				home currency = EMU</TD>
               <TD rowspan="1" colspan="1"> 
                  <Paragraph> 
                     <GUIRef href="" role="manual">Standard multicurrency</GUIRef> Reference
				  currency = GBP</Paragraph> 
                  <Paragraph>Local home currency = EUR Reporting currency 1 =
				  GBP</Paragraph>
               </TD>
            </TR>
            <TR no="4" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Single currency</GUIRef> Reference currency = EMU Local
				home currency = EMU</TD>
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Single currency</GUIRef> Reference currency = EUR Local
				home currency = EUR</TD>
            </TR>
            <TR no="5" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Single currency</GUIRef> Reference currency= EMU Local
				home currency = EMU</TD>
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Dependent multicurrency</GUIRef> Reference currency =
				EUR Local home currency = GBP Reporting currency 1 = EUR</TD>
            </TR>
            <TR no="6" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Single currency</GUIRef> Reference currency= EMU Local
				home currency = EMU</TD>
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Dependent multicurrency</GUIRef> Reference currency =
				EUR Local home currency = EUR Reporting currency 1 = GBP</TD>
            </TR>
            <TR no="7" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Dependent multicurrency</GUIRef> Reference currency =
				EMU Local home currency = EMU Reporting currency 1 = USD</TD>
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Dependent multicurrency</GUIRef> Reference currency =
				EUR Local home currency = GBP Reporting currency 1 = USD Reporting currency 2 =
				EUR</TD>
            </TR>
            <TR no="8" isLast="false">
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Dependent multicurrency</GUIRef> Reference currency =
				EMU Local home currency = EMU Reporting currency 1 = USD</TD>
               <TD rowspan="1" colspan="1"> 
                  <GUIRef href="" role="manual">Standard multicurrency</GUIRef> Reference currency = USD
				Local home currency = EUR Reporting currency 1 = USD Reporting currency 2 =
				EUR</TD>
            </TR>
            <TR no="9" isLast="true">
               <TD rowspan="1" colspan="1"> 
                  <Paragraph> 
                     <GUIRef href="" role="manual">Standard multicurrency</GUIRef>
                  </Paragraph> 
                  <Paragraph>Reference currency = USD <GUIRef href="" role="manual"/> Local home currency =
				  EMU Reporting currency 1 = USD</Paragraph>
               </TD>
               <TD rowspan="1" colspan="1"> 
                  <Paragraph> 
                     <GUIRef href="" role="manual">Standard multicurrency</GUIRef> Reference
				  currency = USD</Paragraph> 
                  <Paragraph>Local home currency = EUR Reporting currency 1 =
				  USD</Paragraph>
               </TD>
            </TR>
         </TBODY>
      </TABLE>
      <Note>
         <SectionTitle> Note</SectionTitle>
         <Paragraph>To be euro compliant, both in a single currency and in a
		  dependent multicurrency system, the reference currency must be euro. If you use
		  a non-EMU currency (for example, American dollars) as your reference currency,
		  and a transaction currency is a (former) EMU currency, your system is not euro
		  compliant because it does not comply with the fixed-rate rule. This restriction
		  regarding the reference currency does not apply to the standard multicurrency
		  system in which the transaction currency is always directly translated into the
		  local home currency.</Paragraph>
      </Note>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Enterprises outside the European Union</SectionTitle>
      <Paragraph>Enterprises outside the European Union with business partners
		that use EMU currencies can optionally perform external conversion to change
		the EMU currencies to euros.</Paragraph>
      <Paragraph>If you still use EMU currencies, you will need to optionally
		perform external conversion to avoid the use of currencies that no longer
		exist.</Paragraph>
   </GeneralSection>
</ManualTopic>