Siebel Finance Guide > Managing Products and Pricing >
Defining Fees and Rates
The Fees and Conditions view in the Product Administration screen allows administrators to set fees and rates and define conditions for products. To set fees and conditions for a product
- Navigate to the Administration - Product screen, and then the Products view.
- Drill down on the product for which you want to set fees.
- Click the More Info view tab.
- On the More Info link bar, click the Fees and Conditions view link.
- In the Fees and Conditions list, add a record, and complete the necessary fields.
- Scroll down to the Conditions list, add a record, and complete the necessary fields.
Some fields are described in the following table.
|
|
Condition |
Condition for the product. |
Maximum Credit Line |
Maximum amount allowed for the credit line. |
Minimum Deposit Amount |
Minimum amount required in the account for the condition to apply. |
Setting a Rate for a Product
You can also use the Fees and Conditions view in the Product Administration screen set rates for a product. To set a rate for a product
- Navigate to the Administration - Product screen, and then the Products view.
- Drill down on the product for which you want to set a rate.
- Click the More Info view tab.
- On the More Info link bar, click the Rates and Conditions view link.
- In the Rates and Conditions list, add a record, and complete the necessary fields.
Some fields are described in the following table.
|
|
Annual % Rate |
Annual Percentage Rate for credit products. |
Annual % Yield |
Annual Percentage Yield for deposit products. |
Conditions |
Description of the conditions under which the rates are calculated. |
Index Name |
Name of the index used. |
Index Rate |
Percentage rate of index. |
Maximum Amount |
Maximum amount for the product to qualify for the rate. |
Maximum Rate |
Maximum interest rate for a product. |
Maximum Term |
Maximum term for tiered rates. |
Minimum Amount |
Minimum amount for the product to qualify for the rate. |
Minimum Rate |
Minimum interest rate for a product. |
Minimum Term |
Minimum term for tiered rates. |
Points |
Fee equal to 1% of the principal. |
Rate |
Rate percentage, calculated by adding Index Rate to Margin/Spread. |
Rate Type |
Type of rate. |
Spread |
Increase over index rate to determine rate. |
- Scroll down to the Conditions list, add a record, and complete the necessary fields.
Some fields are described in the following table.
|
|
Condition |
The condition for the product. |
Maximum Credit Line |
The maximum amount allowed for the credit line. |
Minimum Deposit Amount |
The minimum amount required in the account for the condition to apply. |
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