Session Rate Type Rules

These are the two special considerations for Session Rate Type:

• Rule 1 - If the Use Original Effective Date check box is selected, the exchange rates used in the originating documents is copied or reversed exactly as they exist in the originating session. For more information, see Copy Posted Sessions and Reverse Posted Sessions.
• Rule 2 - If the Use Original Effective Date check box is cleared, the new exchange rates are updated based on the session rate type and the new effective date for the applicable lines in each document. This could result in exchange gains and losses being recognized in a reversing scenario where they otherwise would not have been and it could change the amount of gains and losses recognized in a copy scenario.