Convert a returned payment or inward IMT

Create a Foreign Exchange (FX) trade to convert a returned payment or inward International Money Transfer (IMT).

What you'll need

Log on to CommBiz. Select Payments then International Payments & FX
Select Create FX Trade
Select Client Buys currency (currency the credit account is held in)
Select Client Sells currency (currency received)
Enter the Clients Sells amount (amount received in foreign currency)
Select Request Quote and Accept & Execute
Select Attach Settlement Instructions
Select Enter a Settlement Instruction and select the beneficiary (credit account)
Enter Beneficiary Reference (TRN or CBAENQ reference as provided in the email)
Enter a Payment purpose and select Add
Select Debit Account and select Inward IMT from the dropdown menu
In Your Reference, enter TRN or CBAENQ
Select Confirm and Submit the transaction
On the next page, Authorise the payment