This topic provides systematic instructions about fee preferences.

1. To enable the Fee Preference section, attach the class code in Basic Maintennace screen.
   The Fee Preferences screen displays.

   Figure 3-47 Fee Preference

   
   

   
   Description of "Figure 3-47 Fee Preference"

   
   

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

   Table 3-41 Fee Preference

   Field	Description
   Holiday Preference	This section gets populated based on the attached fee class in the facility. User can change any of the defaulted parameters.
   Ignore Holidays	Select the options from the drop-down list. The available options are: Yes: where the holiday treatment is not applied to calculate the next fee liquidation date. No: to validate the holiday preferences settings.
   Holiday Check	If holiday treatment is applicable, then you can select Local, Currency or Both options. Local refers to Branch Holiday Maintenance. Currency refers to the Currency Holiday Maintenance. If Both is selected and either, Branch or Currency is holiday (on fee liquidation date), then holiday processing setting is considered.
   Holiday Currency	Click the icon and select the holiday currency from the list, if holiday check is maintained as Currency or Both. If holiday check is maintained as Currency or Both then you should mention the currency code to referred in ‘Currency Holiday Maintenance’.
   Schedule Movement	Select the schedule movement. The available options are: Move Forward: In case calculated next reval date is holiday, then date must be moved forward. In this scenario, next reval date moves to 1st September which is next working date. Move Backward: In case calculated next reval date is holiday, then date must be moved backward. In this scenario, next reval date moves to 30th August which is previous working date.
   Move Across Month	Switch to to move the date to next month. Switch to to avoid moving the date to next month. . This flag should be read in conjunction to Move Forward or Move Backward option..
   Cascade Schedules	Switch to to calculate the next fee liquidation date based on the previous schedule date (due to the holiday processing) instead of the original start date. Switch to to avoid calculate the next date fee liquidation datebased on the previous schedule date (due to the holiday processing) and revert to the original start date.If fee liquidation date for one of the fee liquidation cycles is changed based on holiday processing setting and if cascade schedule is selected,future liquidation dates of corresponding fee gets modified as per the newly arrived liquidation date.
   Waive All Fees	Switch to to waive all the fees associated with the fee class. Switch to to include the all fees.
   Verify Funds	This is applicable for facility fees which is enabled with ECA. Not applicable for collateral fees.
   Partial Liquidation	This is applicable for facility fees which is enabled with ECA. Not applicable for collateral fees.
   Collateral Fee Preference	When a collateral is created using any fee class, the parameters configured for that fee class will get populated in the collateralMaintenance screen. Some of the populated details can be modifiedat collateral level.
   Rule Code	Rule code attached to fee class is defaulted
   Fee Type	Displays the fee type - rate/amount from the fee rule.
   Basis Amount	Basis amount is defaulted from fee class - for collateral related fee rules it is COLLATERAL_VALUE
   SDE	SDE which is linked to that fee rule is displayed in this field. For event based fees it will signify the event like COLLATERAL_CREATE whereas for recurring fee rule, it will be COLL_AMT
   Component Type	Fee component type – slab/tier defaulted from fee rule maintenance.
   Rate or Amount	Fee type – rate or amount is defaulted from fee rule maintenance.
   Liquidation Method	Liquidation method – Arrears is applicable for recurring fees and Event based is for collateral event based fees. This is defaulted from fee rule maintenance.
   Liquidation Preference	Auto or Manual defaulted from fee class and not editable.
   Start Date	Date on which first liquidation to start which is different from the one derived based on frequency which user can specify.
   Start Month	Month and date on which first liquidation to start which is different from the one derived based on frequency which user can specify.
   Waived	Switch on to waive this specific fee linked to fee class
   External Pricing Required	This value is defaulted based on the class selected in Fee andAccounting Class Maintenance screen.
   Month end Liquidation	Applicable for facility fee.
   Fee Start Date	Specify the date from which the fee needs to be calculated. If fee start date is left blank, then Collateral Start Date is defaulted. The fee start date cannot be before collateral Start Date. For backdated collateral, fee starts from the collateral creation date and not from collateral start date
   Fee End Date	Specify the date up to which the fee needs to be calculated. This cannot be after collateral end date.
   Account Branch	This indicates the branch code of fee funding account. User can either enter the branch code or select the branch code from the adjoining option list..
   Account Number	Select the fee funding account of the customer
   Account Currency	Currency of the fee funding account selected is defaulted and not editable.
   User Input Fee Amount	For fee rule of fee type user input enter the user input fee amount.
   Effective Date	Effective date of signified rate/amount for the fee rule to be considered for calculation to be entered
   Add rate/input	Enables to add fee structure for different amounts when opted.
   Basis Amount	Enter the basis amount up to which a particular rate/amount to be considered. Multiple basis amounts with different rate/amount can be entered which is considered for fee calculation based on component type – slab/tier
   Rate/ Amount	Enter the rate or amount under appropriate column to be considered for the basis amount.

2. Click Save and Close to save the added record. Click Next to navigate to the next data segment.