Defining Currencies

If your company uses any currencies that the Siebel application does not include, then you must define them and mark them as active.

If you modify the definition of currencies, then you must clear the cache or log out and back in to the Siebel application before the modification becomes visible.

You cannot delete a currency after you have defined it. If you no longer use it, then you can mark it as inactive.

To define a currency

  1. Navigate to the Administration - Data screen, then the Currencies view.

  2. Create a new record, and complete the necessary fields.

    Some fields are described in the following table.

    This table describes the fields to complete when defining a currency.
    Field Comments

    Code

    Type the three-letter code for the currency.

    Name

    Type the name of the currency.

    Issuing Country

    Select the country that issues the currency.

    Symbol

    Type the symbol for the currency, such as $.

    Scale

    Type the number of places after the decimal for displaying currency in the interface. For example, U.S. Dollars has a scale of 2 to accommodate the cents, so an amount appears as $10.50. If the scale is 1, then this same amount appears as $10.5.

    Smallest Denomination

    Type the smallest unit of currency available. For example, the smallest unit of currency for the U.S. Dollar is one cent, or .01 dollars. If there are no cents, then the scale is still 2, but the smallest denomination is $0.05.

    EMU Triangulation

    Select the check box to indicate that this currency must be converted to other checked currencies using the EMU Triangulation method.

    Active

    Select the check box to indicates the currency can be chosen by the user.

    Start Date

    Select the date when the currency becomes active.

    End Date

    Select the date when the currency is no longer active.

    Extended Scale

    Type the number of places after the decimal for storing currency data in the Siebel database.

    The following values must be the same:

    • The number of decimal places that the value in the Extended Scale field designates

    • The number of decimal places that the value in the Scale field designates

    • The number of decimal places after the decimal in the value in the Exchange Rate field (in the Exchange Rate view in the Currencies view of the Administration - Data screen)

    Although these values are generally the same, the number of decimals in the Extended Scale and Exchange Rate fields might be higher than in the Scale field when currency calculations (such as, conversions or discounts) are performed. The values stored in Siebel database, and not the displayed values, are used for the calculations.