1. Product Definition
  2. Product Definition
  3. Associating the discount accrual preferences

1.11 Associating the discount accrual preferences

After building discount accrual fee classes you can associate the class with loans or bills products.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Bilateral Loans Product Definition screen.

  1. From the Bilateral Loans Product Definition screen, click on Discount Accrual.
    The Discount Accrual Preference Association screen is displayed.
  2. To associate discount accrual fee class with a product, click Default From Class in the Discount Accrual Preference Association screen. Select the appropriate discount accrual fee class from the list of classes.
    The attributes defined for the discount accrual fee class defaults to the product. You have the option to modify the attributes defined for the class, to suit the requirement of the product you are creating.

    Alternatively, you can choose to define the discount accrual details for the product.

    Note:

    • If the Acquisition Type is different from what is maintained at Discount Accrual Class level then the system gives an error and contract is not saved.
    • You are allowed to change Acquisition Type during the life cycle of the contract on the basis of the maintenance done at the product level.

Parent topic: Product Definition