ForexDesk

What ForexDesk does

PriceQuote prices the work in rupees from the live tariff; this states that price in the currency the patient banks in, at one named rate that is saved with the estimate and never worked out again. A quotation that changed because the rupee moved on Tuesday is not a quotation. The rate list is typed in, not fetched: the hospital’s own treasury rate is the one it will actually be paid at. Money that arrives early is recorded as what the bank credited rather than what the arithmetic says, because a wire always lands light. And the rule that matters: unused money goes back in the same share of the rupees that arrived, so the patient carries none of the movement in the rate.

How you actually use it

1. 1Put today’s rate on the listType the currency, the rupees to one unit and the day it applies. Nothing is fetched — this is the rate your treasury will honour.
2. 2State the quotation in their currencyPick the case and the rupee quotation. The estimate carries both numbers and the rate between them, and it stops moving from that moment.
3. 3Record the advance as the bank credited itEnter what was sent and what actually landed. The difference is the bank’s charges, and pretending otherwise makes the books wrong on every transfer.
4. 4Give back what was not usedSay how much in their currency and why. The rupees go out in the same share as they came in, so nobody gains or loses on the rate.

What it does not do

It fetches no exchange rate from anywhere and moves no money. It does not price the treatment — PriceQuote does that, and this reads the total rather than inventing one. It will not convert a refund at today’s rate, however much that would suit whoever is holding it.

Questions clinics ask