1. WFP Setup Guide
  2. Fees
  3. Fees Link

4.2 Fees Link

To use the Fees link

On the Oracle Financial Services Lending and Leasing home screen, click Setup > Setup > WFP > Fees.

Figure 4-1 Fees


Description of Figure 4-1 follows
Description of "Figure 4-1 Fees"

  1. In the Fee Balances Types section, select the record you want to work with.

    Note:

    If you choose, use Search Criteria to limit the display of instrument records.
  2. In the Fee Balances Types section, view the following information:

    Table 4-1 Fee Balances Types

    In this field View this
    Fee The system defined fee types applicable for WFP (display only).
    Description The balance description of the fee type (display only).
    Level View the balance type level at which a fee is applicable: PRODUCER, CREDITLINE, or UNIT (display only).
  3. In the Fee Rules section, select the record you want to work and click Show in the Details column.
    Note the following:

    If you choose, use Search Criteria to limit the display of the fee rule records.

    • If you are entering a new record, click Add.
    • If you are changing an existing record, click Edit.
  4. In the Fee Rules section, enter, view, or edit the following information:

    Table 4-2 Fee Rules

    In this field Do this
    State Select state initials (required).
    Producer #: Name Select the producer (optional).
    Credit Line Select the credit line (optional).
    Start Date Start the date from when the fee rule is applicable (required).
    End Date

    Start the date till which the fee rule is applicable.

    A blank field indicates no end date (optional).
    Enabled Select to enable this fee rule.
    Calculation Method Select the calculation method. If the calculation method is FLAT, then Fee% field should have the value 0.0 and the Fee Amount - Maximum field would have the same value as that in the Fee Amount - Minimum field. Oracle Financial Services Lending and Leasing uses the Fee Amount - Minimum field for fee calculation (required).
    Fee% Enter the fee percentage (required).
    Fee Amount Minimum Enter the minimum fee amount that would be charged to the producer (required).
    Fee Amount Maximum Enter the maximum fee amount that would be charged to the producer (required).
  5. Click Save on the Fee Balance Types section.

    Table 4-3 Fees and calculation method

    Description Level Calculation Methods supported
    NON SUFFICIENT FEES PRODUCER FLAT
    PRODUCER ANNUAL FEES PRODUCER FLAT
    CREDIT LINE AUDIT FEES CREDIT LINE FLAT
    LATE CHARGE UNIT

    FLAT

    PERCENTAGE OF PAYMENT DUE

    PERCENTAGE OF BALANCE PAYMENT

    UNIT CHARGE
    UNIT SERVICE FEES UNIT FLAT
    UNIT OTHER FEES UNIT FLAT

Parent topic: Fees