2.2.6 Fee Rule Maintenance

This topic provides the information on Maintaining Rule.

OBELCM supports maintenance and liquidation of event based and recurring fees on collaterals and recurring as well as adhoc fees on facilities. To facilitate the same fee rule and fee class maintenance are provided which are covered here under.

Note:

The fields, which are marked with an asterisk, are mandatory.
  1. On Home screen, select Limits and Collaterals. Under Limits and Collaterals, select Common.
  2. Under Common, select Maintenances. Under Maintenances, select Fee Rule.
  3. Under Fee Rule, select Fee Rule Maintenance.
    The Fee Rule Maintenance screen displays.

    Figure 2-38 Fee Rule Maintenance



  4. On Fee Rule Maintenance screen, and specify the fields.

    For more information on fields, refer to the field description table.

    Table 2-29 Fee Rule Maintenance - Field Description

    Field Description
    Rule ID Every fee rule is identified by a unique code, called a Rule ID. User can link a valid fee Rule ID to the fee classes. Fees for a limit/collateral with which you associate a fee class is calculated on the basis of the Rule that is associated with the class.
    Rule Description For every rule that you define, user can enter a description. Specifying a description helps identify a rule.
    Entity Type Select the entity type either as Facility or Collateral. By default, Facility is selected. If user select Entity Type as Facility and select Rule Type as Event Based Fee, the system displays an error message. Also if user select the Entity Type as Collateral and select Rule Type as Ad hoc, system will display an error message.
    Fee Type This component value defaults to the Fee Rule Preferences defined in the Facilities/ Collateral Maintenance screen. Rate/Amount are calculated based on the Basis Amount where as User Input is standard amount entered in the Fee Rule Preferences at entity level.
    Fee Structure Select the fee structure type either as Slab or Tier.

    Based on selected structure configured rate/amount at entity level will be considered for fee calculation. For fee type rate, both slab and tier are supported whereas for amount, only slab is supported

    Rule Type Select the rule type either as Frequency Based Fee or Event Based Fee or Ad hoc.
    If Rule Type is selected as Event Based Fee, then the following SDEs can be selected for Event Based Fee.
    • Collateral Creation
    • Collateral Expiry
    • Collateral Extension
    • Collateral Reactivation
    • Collateral Suspension
    • The system displays an appropriate SDEs based on Entity Type selection – specific set based on selected entity type.
    • Both rule type Frequency Based Fee and Event based fee are applicable for entity Collateral
    • For entity selected as Facility both rule type Frequency Based Fee and Ad hoc are applicable.
    SDE Specify the System Data Elements (SDE). The adjoining option list displays a list of SDEs maintained in the system. Applicable SDEs based on entity type selected will be available for selection.

    For collateral event based fees, different SDEs and for recurring fees, COLLATERAL_AMOUNT is provided. For facility multiple SDEs including derived SDEs are provided for configuring fees

    Day Basis A day basis method is used for fee accrual calculations. The different values for the numerator basis are as explained below:
    • Actual - Actual number of days in a month is taken.
    • 30 (Euro) - 30 days is considered for all months including February irrespective of leap or non-leap year.
    • 30 (US) - 30 days is considered for fee computation for all months except February where the actual number of days is considered.
    Different values for the denominator of the fee basis are as explained below.
    • 360 - Number of days in a year is taken as 360 irrespective of actual number of calendar days.
    • 365 - Number of days in a year is taken as 365 for leap as well as non-leap year.
    • Actual- Actual number of days in a year is taken for fee calculation which is 366 for non-leap year.
    External Pricing Required Select this check box if the pricing (Rate/Amount) for a particular fee (SDE) needs to be fetched from external pricing and billing system.
    Note:
    • External Pricing is enabled only when the system integrates with external pricing and billing engine (ELCM_PRICING_INTEGRATION = Y at plato properties CSTB_PARAM level).
    • Only for Slab fee component type the external pricing is applicable. That is Rate or Amount is selected based on Slab. For Tier, this is not applicable.
  5. Once a rule is saved with a particular entity type and other attributes, no further amendments apart from Rule Description is allowed.
  6. Click Save to save the record.