In Oracle Banking Trade Finance, you can define the different types of charges or fees that apply on a product as ‘classes’. A charge class is a specific type of charge component (For example, charges for amending the terms of finance).

When defining a product, you merely have to attach the required classes. In this manner, a contract processed under a particular product acquires the classes (components) associated with the product.

A Discount Accrual class can be made applicable for finances and bills processed in Oracle Banking Trade Finance. To apply a discount accrual, you should first define attributes for each of the components.

• Define Discount Accrual Class
  This topic describes the systematic instruction to define the Discount Accrual Fee Class.
• Events and Accounting Entries for Discount Accrual
  
• Specify Status Change Details for Discount Accrual
  
• Process for Discount Accrual