Commission Rule Application Conditions

1.1.2.1 Commission Rule Application Conditions

The conditions for the application of a commission rule can be defined in the ‘Trade Finance ICCB Rule Maintenance’ screen.

The rule can be applied to any contract, irrespective of the currency of the contract, the customer and the branch involved. This is referred to as a general commission rule. You must define a general commission rule that would be applicable for any contracts in any currencies, involving any customers, customer groups or branches and default channel type,, before you define rules applicable to specific customers and contracts in specific currencies and in specific branches. The general rule can only be maintained at the head office branch.

Thus, the most general application of the condition can be that it is applicable to contracts in any currency and involving any customer.

After defining the general commission rule, you can then proceed to define rules that can be applied to contracts involving the following specific combinations:

A specific branch, customer category, customer and channel type ‘Default’ currency
A specific branch, customer category, customer, all currencies and channel type ‘Default’
A specific branch, customer category, currency, all customers and channel type ‘Default’
A specific branch, currency and all customer categories and customers and channel type ‘Default’
A specific branch, customer categories and all currencies and customers and channel type ‘Default’
A specific branch and all customer categories, customers and currencies and channel type ‘Default’
A specific customer category, customer, currency, and all branches and channel type ‘Default’
A specific customer category, customer and all currencies and branches and channel type ‘Default’
A specific customer category, currency and all customers and branches and channel type ‘Default’
A specific currency and all customer categories, customers and branches and channel type ‘Default’
A specific customer category and all customers, currencies and branches and channel type ‘Default’
All branches, customer categories, customers and currencies and channel type ‘Default’
A specific branch, customer category, customer, currency and channel type ‘Online’
A specific branch, customer category, customer, all currenceis and channel type ‘Online’
A specific branch, customer category, currency, all customers and channel type ‘Online’
A specific branch, currency and all customer categories and customers and channel type ‘Online’
A specific branch, customer categories and all currencies and customers and channel type ‘Online’
A specific branch and all customer categories, customers and currencies and channel type ‘Online’
A specific customer category, customer, currency, and all branches and channel type ‘Online’
A specific customer category, customer and all currencies and branches and channel type ‘Online’
A specific customer category, currency and all customers and branches and channel type ‘Online’
A specific currency and all customer categories, customers and branches and channel type ‘Online’
A specific customer category and all customers, currencies and branches and channel type ‘Online’
All branches, customer categories, customers and currencies and channel type ‘Online’

Note:

As mentioned earlier, the rules applicable for combinations involving all branches (the ALL option in the Branch Code field) can be maintained only from the head office branch.

Once a Commission Rule has been defined, you should link it to a product. Thus, the definition of Commission Rules should precede the definition of the product.

Field	Description
Transaction Currency	If you wish to define the attributes for all currencies, you can select the ALL option in the Currency Code field to indicate this. If you are maintaining the attributes for the selected ICCF rule in specific currency other than the ‘ALL’, select the Transaction Currency on which the rule mapping maintenance is to be made applicable. You can specify booking currency as contract currency.
Customer Group	Select the customer group on which the rule mapping maintenance is to be made applicable. Note: You can create a generalized charge rule mapping record by selecting the ALL option in the Customer Group field. This specification is defaulted to the Customer and Customer Account fields. You will not be allowed to change the specification.
Customer	Identify the customer ID (CIF) of the customer for whom you are maintaining the rule mapping.
Branch Code	If you are maintaining the attributes for the selected ICCB rule from the head office branch, you can select the branch for which the attributes are being defined. If you wish to define the attributes for all branches, you can select the ALL option in the Branch Code field to indicate this. If you are maintaining the attributes for the selected ICCB rule from a branch other than the head office, you can only select those branches that are found in the allowed list of branches for: The ICCB rule definition Restriction Type (ICCBRULE), in the Common Branch Restrictions maintenance for the current branch the selected rule being built, according to the ICCB Rule Availability maintenance. In other words, the option list in the Branch Code field would display only those branches that are allowed both for the rule and the current branch.
Branch Code	If you are maintaining the attributes for the selected ICCB rule from the head office branch, you can select the branch for which the attributes are being defined. If you wish to define the attributes for all branches, you can select the ALL option in the Branch Code field to indicate this. If you are maintaining the attributes for the selected ICCB rule from a branch other than the head office, you can only select those branches that are found in the allowed list of branches for: The ICCB rule definition Restriction Type (ICCBRULE), in the Common Branch Restrictions maintenance for the current branch the selected rule being built, according to the ICCB Rule Availability maintenance. In other words, the option list in the Branch Code field would display only those branches that are allowed both for the rule and the current branch.
Channel Type	Select the channel type from the drop down. By default, the selected channel type will be 'Default'.
Rate type	The commission that is applicable for a contract can be expressed either as a flat amount or a percentage of the Basis Amount. This in fact, forms the basic attribute of a commission rule. If you express the commission as a flat amount, you should also specify the currency in which the amount is expressed. The specific rates or amounts applicable as per the rule being defined can be specified subsequently. These rates or amounts can be changed while processing a contract.

Parent topic: Build the Commission Rule