1. Trade Finance - Automated End of Day User Guide
  2. Annexure A - List of End of Cycle Functions
  3. EOD and BOD Batch Jobs
  4. Floating Rate Change

3.2.10 Floating Rate Change

While defining Floating Rates, you have the option of indicating whether the floating rates should automatically be applied to the bill every time they change, in the Product ICCB screen.

The Automatic Floating Rate Change function can be run as part of EOD. This function will pick up following Bills:
  • Active and authorized bills.
  • Bills for which you have specified automatic Floating Rate change.
Every time the Floating rates change, the new rates will be applied for the number of days for which they remained unchanged in the rate table.

Parent topic: EOD and BOD Batch Jobs