Can you explain the use of Currency "UseFractionUnit"

Can you explain the use of Currency "UseFractionUnit"

It states in the eCM standards - "With boolean Attribute 'USEFRACTIONUNIT' to indicate that 'Pence' is used instead of 'GBP'

So, if set to "true' prices should be stated according to the smaller currency denominator. Using your examples:

If the price was 45 pence, currency as GBP would be 45

If the price was 2 GBP, currency would be 200

​Also, as "USEFRACTIONUNIT" is simply an attribute of the currency field, it should be fine for you to assign this as "True" to all your XML files.

Both counterparties in a trade MUST match on the fraction attribute. Either both must be set to TRUE or both must be set to FALSE. And of course, the amount must then match.

*See page 58-59 of EFET eCM Standards v4.4 attached.

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