This topic describes the systematic instructions to create pricing model based on various pricing parameter by updating various details.

1. On Home screen, click Core Maintenance. Under Core Maintenance, click Credit Decision.
2. Under Credit Decision, click Maintenance. Under Maintenance, click Pricing Model.
3. Under Pricing Model, click Create Pricing Model.
   The Create Pricing Model screen displays.

   Figure 1-216 Create Pricing Model

   
   

   
   Description of "Figure 1-216 Create Pricing Model"

   
   
4. On Create Pricing Model screen, specify the fields.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

   For more information on fields, refer to the field description table.

   Table 1-177 Create Pricing Model - Field Description

   Field	Description
   Pricing Code	Specify the unique pricing code.
   Pricing Description	Specify a short description for the pricing.
   Effective Date	Specify the effective date.
   Expiry Date	Specify the expiry date.
   Product Processor	Specify the product processor for which the pricing is being created.
   Priority	Specify the priority of the pricing.

5. Click the Selection Criteria to define pricing model.

   Figure 1-217 Create Pricing Model – Selection Criteria

   
   

   
   Description of "Figure 1-217 Create Pricing Model – Selection Criteria"

   
   

   For more information on fields, refer to the field description table.

   Table 1-178 Create Pricing Model – Selection Criteria - Field Description

   Field	Description
   Use Existing Rule	By default, this option is enabled. Indicates if the existing rule is linked.
   Rule Code	Select the rule code from the drop down list.
   	Click this icon to get the information about the rule.
   Rule Name	Displays the rule name of the rule code.
   Create New Rule	Select this option to create new rule.
   Code	Specify the rule code.
   Description	Specify the rule description.
   + icon	Click this icon to add new expression.
   Fact / Rules	Select the fact or rule from the drop-down list. Once the user selects the fact/rules, one more field opens adjacent to the output, update the same based on the selected output option.
   Operator	Select the comparison operator from the drop-down list. The available options are: < > + = % != - >= <= * / Contains In Like Matches NotMatches NotContains Notin
   Data Type	Select the data type for the fact or rule. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
   Output	Select the output from the drop-down list. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
   Expression	Displays the expression updated in the expression builder.

6. Click the Price Definition to define the pricing.
   The Create Pricing Model – Price Definition screen displays.

   Figure 1-218 Create Pricing Model – Price Definition

   
   

   
   Description of "Figure 1-218 Create Pricing Model – Price Definition"

   
   

   For more information on fields, refer to the field description table.

   Table 1-179 Create Pricing Model – Price Definition - Field Description

   Field	Description
   Minimum Rate	Specify the minimum rate applicable for the defined pricing code.
   Maximum Rate	Specify the maximum rate applicable for the defined pricing code.
   Rate Type	Specify the rate type from the drop-down list. The available options are: Flat Tiered
   Rate %	Specify the interest rate application for the defined pricing. This field displays once you select the Rate Type option as Flat.
   Loan Amount From	Specify the minimum range of loan amount to which the interest rate is applicable. This field appears once you select the Rate Type option as Tiered.
   Loan Amount To	Specify the maximum range of loan amount to which the interest rate is applicable. This field appears once you select the Rate Type option as Tiered.
   Term From	Specify the minimum term from which the interest rate is applicable. This field appears once you select the Rate Type option as Tiered.
   Term To	Specify the maximum term up to which the interest rate is applicable. This field appears once you select the Rate Type option as Tiered.
   Rate %	Specify the interest rate applicable for the defined tier. This field appears once you select the Rate Type option as Tiered.

7. Click Save to save the details.
   The Pricing model is successfully created and can be viewed using View Pricing Model screen.