1.1.2.5 Interest Basis
For information on fields, refer to Field Description table.
| Field | Description |
|---|---|
| Tiered Amount | By choosing the Tiered Amount option, you can indicate if the Basis Amount on
which commission is calculated for the rule is a tier or a slab. Check
the ‘Tiered Amount’ box if the Basis Amount structure is a tier. If a
slab, do not choose this
option.
You can indicate that commission should be calculated on a tier basis only in the case of non periodic commissions. |
| Floor CCF Amount | For a tier structure, you can specify the Floor CCF Amount. This is specific to
commission rule. Floor CCF Amount indicates the minimum amount for the
slab. This is used if the computation basis is
'Tiered'.
Floor CCF Amount is the commission amount to be considered for the previous slab limit. This amount is used along with Floor Basis Amount to arrive at the commission for an amount falling in the current slab. This amount need not be the same as the amount calculated using the Basis Amount and rate for the previous slab. |
| As per Contract Currency | This specifies the calculation basis for the commission based on the Contract Currency or Rule Currency. Check this box if you wish to calculate the commission based on the contract currency. |
| As per Contract Currency | This specifies the calculation basis for the commission based on the Contract Currency or Rule Currency. Check this box if you wish to calculate the commission based on the contract currency. |
| Tiered Tenor | You can indicate that commission is to be calculated on the basis of a tiered tenor structure, by choosing the Tiered Tenor option. If the rule should calculate commission on the basis of a slab structure, leave the check box adjacent to Tiered Tenor unchecked. |
Parent topic: Build the Commission Rule