This section describes the systematic instructions to create a product segment in Retail Lending.

Product Segment allows defining the type of product segment which can be classified either of Loan or Lease.

It facilitates configuring various attributes of a segment starting with associating revenue generating components like Principal, Interest and Fees.

The segment can be expanded by defining preferences specific to supported currencies, interest rates derivation, amount and term based range for disbursements, borrower communication mechanisms, delinquency and provisions processing, life cycle events, and finally the general ledger codes for accounting purposes.

This topic contains the following subtopics:

• Basic Details
  This topic describes about configuring type of the product segment as Loan or Lease and its brief description and validity period.
• Component Linkage
  This topic describes about configuring applicable business components to the product segment.
• Preferences
  This section describes adding transaction level preferences for the product segment.
• Asset Classification and Provisioning
  This section is about tracking the account’s performance in terms of timely repayments, also known as delinquency processing.
• Accounting Roles and Ledgers
  This section illustrates defining general ledgers for related accounting roles. Accounting roles are dynamically created by the segment based on the attributes associated with the components linked to the segment.
• Events and Accounting
  This topic describes the life cycle events of lending product segment and accounting entries passed in each of the life cycle events.