7.1.1 Supported System Defined Elements (SDE)
As part of the Interest and Charges module maintenance, the user must maintain details that will enable the system to pick up different elements that are used in the calculation of interest.
Accordingly, the following System Defined Elements (SDEs) are available as inbuilt parameters in Oracle Banking Accounts Cloud Service, which you can use to set-up an Interest and Charges rule:
Table 7-5 SDEs Supported
| SDE Name | Description |
|---|---|
| DLY_NET_VD_BAL | Daily Net Value Dated Balance |
| VD_DLY_CR_BAL_M | Value Dated Daily Credit Balance |
| VD_DLY_DR_BAL_M | Value Dated Daily Debit Balance |
| DAYS | Days Period |
| YEAR | Days in the Year |
| COMPOUND_AMT | Compounding Amount |
| TAX_APPLICABLE | Returns if tax applicable for Account |
| VOLUNTARY_TAX_RATE | Returns voluntary tax rate |
Parent topic: Create Interest Rule