Process and oversee foreign currency transactions

Trigger: A business unit initiates a cross-border payment, receipt, or identifies a foreign currency exposure.

1. Identify foreign currency exposure and transaction requirements
2. Analyze current market FX rates and currency volatility
3. Select the execution method such as spot trades or forward contracts
4. Execute the currency exchange with a financial institution
5. Verify the settlement of funds in the target currency
6. Record the transaction and resulting FX gain or loss in the general ledger

Outcome: The foreign currency transaction is executed, settled, and recorded while mitigating exchange rate risk.