Business Term Status
The Business Term is currently validated by the Data Governance Committee.
Business Term Definition
Exchange rates are conversion rates set between two currencies, published in Reuters website, identified by a RIC code (*) and daily uploaded to Solvay systems. The rate is usually ECB (European Central Bank) rate.
*RIC code: A Reuters Instrument Code, or RIC, is a ticker-like code used by Thomson Reuters to identify financial instruments and indices. The codes are used for looking up information on various Thomson Reuters financial information systems.
Roles
Data Sources, Type and Classification
SAP |
Master Data |
Internal Data |
Data Protection and Update Frequency
No special access |
Daily |
Data Quality Issues and Rules
Back up files created daily to crosscheck the rates from Reuters are currently updated in Solvay systems |
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Local Currency | Currency of the legal entity. |