Documentary trade settlements

• Permission to create an FX trade
• Permission to attach settlement instructions

Speak to your Administrator if you don't have these permissions.

1. Log on to CommBiz, select Payments, then International Payments & FX 
2. Select Create New FX Trade 
3. Select Client Buys Currency
   
   Note: This is the currency to be paid to the supplier or beneficiary.
4. Select Client Sells Currency
   
   Note: This is the currency to be debited from your account or Trade Finance Facility.
5. Set the value date (this must be the same as your trade finance maturity date)
6. View the FX rate by selecting Request Quote. The rate will refresh every 6 seconds
7. When you're ready to proceed, select Accept & Execute
8. Once the FX trade has been accepted, select Attach Settlement Instructions

1. Select Documentary Trade from the dropdown menu for both the Credit and Debit settlement instructions
2. Enter a trade reference number in the Reference field, if required. You can also include the 10-digit trade reference number
3. Review the details, then select Submit

1. Go to Payments, then select International Payments & FX
2. In the IPFX dashboard, select Authorisations
3. Select Outstanding FX Settlements and then the trade you'd like to authorise
4. Enter your credentials to authorise the trade
   
   Note: If multiple authorisers are required, remind them to complete their authorisation before the relevant currency cut-off times.