Commit to a pre-approval quote check
Create a specific commitment to check pair, side, value date, and all-in cost before approving an FX conversion.
Run a pre-approval FX quote check before approving a conversion, payment, or treasury quote request. Any moment where you approve or request conversion between currencies, including supplier payments, customer receipts, platform conversions, or forward quote approvals. Before I approve the next FX conversion, I will write: 1) pair sentence: one [base] costs [rate] [quote]; 2) side: we are buying/selling the base; 3) all-in cost: rate, explicit fee, and amount received/debited; 4) value date and cut-off; 5) confirmation owner. If any field is missing or inconsistent with the invoice, I will pause and ask for clarification before approval. In two days,…
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