The Offer function allows you to group all the quotations from different banks that are made prior to concluding a foreign exchange or money market transaction together with a reference and store them in the system.

In doing this, the system ranks the offers (for example, in the case of a forex purchase, the lowest rate is the best). Saving the offers from different competitors as transaction data allows you to evaluate the quality and competitiveness of the prices of individual business partners.

You can then accept the best offer, conclude a contract and save the contract data.

This function is available in the Money Market area for fixed-term deposits and in the Foreign Exchange area for spot exchange transactions and forward exchange transactions.

By choosing Trading ® Offer, you can create, execute and display offers. You can use the best offer to create a contract directly.

You have to create a specific number range for transactions with the activity category offer. In the Number range for offers field, you assign the relevant transaction type to this number range in Customizing for transaction types. These transactions have active status "4".

To create an offer, you enter the key transaction data, such as company code, product type and transaction type, amount, term and/or value date. Enter the Partner name in the Offers table and the Contact person, if this person has not been created as the business partner. For each counterparty, enter the quoted interest rate for a money market transaction and the rate for a foreign exchange transaction (exchange rate, spot rate, swap rate).

You can now save this data in the short term without having to create an active financial transaction in the Contract activity. When you call up the data again, you can generate a transaction with Contract status.

If you want to create an active transaction directly from the entry screen, choose Execute from the upper applications toolbar.

The offers are created with their own number range. A contract leading to transaction conclusion is created in the number range for the respective transaction type. All offers as well as the contract are grouped together in a Reference for offers.