1.3 Penalty Parameters Configuration
To configure the penalty days basis the deposit tenure.
This configuration enables you to determine the penalty days to be considered for penalty calculation (for early redemption) basis the deposit tenor. The configuration will consider the tenor range when determining the penalty days for early redemption of the CD.
For the below configuration,
In this case, we will convert the original
CD term into days and select the appropriate penalty
days for a CD tenor range.
Table 1-13 Penalty
| Deposit Term (in Days) | Penalty Period (in Days) |
|---|---|
| 30 | 10 |
| 50 | 30 |
| 150 | 70 |
| 275 | 100 |
| 365 | 100 |
For example, If CD tenor post conversion is 75 days, the penalty period is 30 days. (i.e) for a deposit tenor between 50 to 149 days penalty period is 30, similarly if deposit tenor is between 150 to 274 days the penalty period considered for penalty calculation is 100 days.
This topic contains the following subtopics:
- Create Penalty Parameters Configuration
This topic describes the systematic instructions to create penalty parameters configuration. - View Penalty Parameters Configuration
This topic explains the systematic instructions to view the list of penalty parameters configuration.
Parent topic: Configurations