Conversion Create Permission

The Conversion Create permission is a feature within the platform that allows users to initiate currency conversions. This permission is essential for managing cross-currency transactions

Key Capabilities 

1. Initiate Currency Conversions:

   • Users with the Conversion Create permission can book real-time conversions to move funds from one account to another in different currencies. 

2. Access Conversion Rates:

   • Users can view current exchange rates at the time of conversion, allowing them to make informed decisions regarding currency exchanges based on market conditions.

3. Specify Conversion Details:

   • Users can specify details related to the conversion, including the amount to be converted and the source and destination accounts.

4. Monitor Transaction Status:

   • Users can track the status of initiated conversions, providing visibility into the progress of each transaction until completion.

5. Audit Trail Monitoring:

   • Users can access the audit trail for changes made during the conversion process, which documents who initiated the conversion and when it occurred.

6. Limited Modification Rights:

   • While users can create conversions, they can't create a payment to move funds out.