1.2.1 Load Product Definition

This topic provides systematic instructions to load product definition.

After defining the attributes of a commission by allotting it a Rule ID and specifying the application conditions, you can link it to a product. When a contract is processed involving the product, the commission attributes defined for the product will be applied. Some of these attributes can be changed while processing the contract. If an attribute can be changed, it will be mentioned in the on-line help for the field.
  1. On 'Product Definition' screen, click Commission button to load ICCF Details screen.
    For example, to display the Product Definition screen for the module Letters of Credit (LC), type LCDPRMNT at the top right side of the screen, and click enter. You can see a variety of options, in the bottom, click Commission. The ICCF Details page appears.
    The ICCF Details screen is displayed:
    Description of lcdprmnt_iccf.jpg follows
    Description of the illustration lcdprmnt_iccf.jpg

    Through this screen you can make a commission rule that you have defined applicable to a product. Enter the following details in the ICCF screen.
    • Product
    • Component
    • Rule Identification
    A commission is applicable for a specific event in the lifecycle of a contract involving the product. You can have different types of commissions for issue and amendment of a contract. You can also have more than one commission applicable for a single event of the contract. While processing a contract involving the product, all these rules can be retained or one or more can be waived.

    Note:

    The commission rules you define for a product must either be periodic or non-periodic in nature. You cannot have a mix of periodic and non-periodic commission rules linked to a product.

Parent topic: Linking a Commission Rule to a Product