1.3.1 Maintain ICCB Rule Availability

This topic provides the systematic instructions to maintain ICCB rule availability.

So far we have discussed the concept of a ‘main’ interest, the attributes of an interest component, and floating rate codes. Now, we go on to definition of an Interest Rule.

An Interest Rule identifies the basic nature of an interest component. Each Interest Rule is defined by an alphanumeric code called the Rule ID. Attributes are defined for this Rule ID, which is then linked to a product. When a contract is processed, the interest attributes defined for the Rule ID linked to the product will be applied on the contract, some of which can be changed.

An interest rule is created in the same way that any Interest, Commission, Charge and Fee (ICCB) rule is created, as follows:
  • The rule is created at the head office branch, by giving it a unique identification and description, in the Trade Finance ICCB Rule Branch Availability screen. In this screen, the rule is made available for use in the required branches by maintaining an allowed / disallowed list of branches.
  • At the required branch, in the ICCB Rule Details screen, the attributes for the rule are defined. Maintaining the attributes in this screen is subject to whether maintenance of ICCB rules is allowed for the branch, and also whether the rule for which attributes are being defined, is allowed for the branch.
To recall, at the head office of your branch, you can create appropriate ICCB rules and make the rules available to the required branches.

In the ‘Trade Finance ICCB Rule Availability Maintenance’ screen, you can maintain ICCB rules, which you can make available to desired branches.

Specify the User ID and Password, and login to Homepage.

  1. On the Homepage, type CFDTFRLA in the text box, and click the next arrow.
    You can do this by maintaining a list of branches for which the use of the rule is allowed, or disallowed.
    The Trade Finance ICCB Rule Availability Maintenance screen is displayed.
    Description of cfdiccfr__cvs_main.jpg follows
    Description of the illustration cfdiccfr__cvs_main.jpg

  2. On Trade Finance ICCB Rule Availability Maintenance screen, specify the fields.
    For information on fields, refer to Table 1-1:

    Table 1-1 Trade Finance ICCB Rule Availability Maintenance - Field Description

    Field Description
    Rule Identification and Description

    You must specify a unique identification for the ICCB rule you are creating. If you are creating a charge rule, specify a unique identification for the interest rule. This is the code that will be used to identify the rule, in all subsequent references to it. You must also specify a unique description for the rule.

    Note:

    After the rule has been created in the Trade Finance ICCB Rule Branch Availability screen, the attributes for the rule must be defined in the Trade Finance ICCB Rule Details screen.
    Branch Restrictions

    You can maintain a list of allowed branches (that is, the rule will be available for use in the allowed list of branches) or disallowed branches (the rule will not be available for use in the branches in the disallowed list).

    To recall, the attributes for the rule are defined, in the ICCB Rule Details screen. Maintaining the attributes in this screen, for a branch, is subject to whether maintenance of ICCB rules is allowed for the branch, and also whether the rule for which attributes are being defined, is allowed for the branch.

    For details about the Common Branch Restrictions, refer the Security Management System user manual.

    For example, you have created the Common Branch Restrictions, refer to Table 1-*:

    Track for AP

    Check this box if the rule is eligible for receivable tracking.
    Track for AR

    Check this box if the rule is eligible for payable tracking.

    Note:

    When a rule is linked at the product level, the system marks the Track Receivable and Track Payable for amount tags associated with the rule based on whether ‘Track for AR’ and ‘Track for AP’ check boxes are checked.

    Netting is disallowed for amount tags marked for ‘Track for AR’ or ‘Track for AP’.

    Home Branch Restriction Type Allowed Branches
    000 ICCBRULE 000, 001, 002, 005
    001 ICCBRULE 001, 006
    The administrator of branch 000 can create, modify and delete ICCB rules in the branches 000, 001, 002 and 005, but not for 006.

Parent topic: ICCB Rule Availability