13.1 Create Promise Type
This topic describes the information about Create Promise Type.
The Create Promise Type page facilitates user to create a promise type. User can create promise types with different configurations that will be used to create promise to pay for various segments. A promise to pay is made by the customer to pay the amount due on the delinquent account.
While creating a promise type, user can select the segments to which the promise type will be applicable. User can set the grace days and threshold limit for the promise type. User can also configure any additional validations for the promise type.
Table 13-1 Field Description: Create Promise Type
| Field Name | Description |
|---|---|
| Basic Details | This section is used to provide basic information of the promise type. |
| Code | Indicates the unique identification code of the promise type. |
| Description | Indicates the description of the promise type. |
| Segment | Indicates the segment to which the promise type is associated.
User can select multiple segments. If user do not select any segment, the promise type is applicable for all segments by default. |
| Grace Days | Indicates the number of grace days allowed to the customer for payment of the promised amount against the promise to pay. It is the additional number of days allowed to make payment if the customer fails to pay on the promised date. |
| Threshold (%) | Indicates the threshold limit in percentage of the promised amount.
Note: The limit should not be greater than 100%. |
| Additional Validation | This tab is used to configure rules for additional validations for the promise type. For more information on how to configure rules, refer Oracle Banking Common Core User Guide. |
This section consists of the following topic:
- Create a Promise Type
This topic describes the information about Create a Promise Type.
Parent topic: Promise Type