Change to Foreign Draft 10% Buffer and Requests with Split Coding

Effective immediately, all foreign draft requests requiring a 10% buffer added to the PR will have the differential between the estimated and actual US dollar amount posted to the 1st line of coding. If further allocation across multiple lines is needed, the preparer will need to make the appropriate modifications to the GL. Please contact your school Finance Office for assistance if you have question in regards to posting it to the GL.  

Additionally, if the actual US equivalent of the wires exceeds the buffer, the payment will be voided and a new PR and wire request will need to be submitted. For questions about this change, please contact AP_CustomerService@harvard.edu.