Product Characteristic rules are used to define payment, pricing and repricing characteristics for new business. They are also used to specify general calculation attributes for both existing accounts and new business.
The procedure for working with and managing Product Characteristics is similar to that of other Asset | Liability Management business rules. It includes the following steps:
· Searching for Product Characteristic rules.
· Creating Product Characteristic Rules.
· Viewing and Editing Product Characteristic rules.
· Copying Product Characteristic rules.
· Deleting Product Characteristic rules.
· As part of creating and editing Product Characteristic rules, you assign product attribute assumptions to applicable products from your product hierarchy.
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Note Oracle Asset | Liability Management provides you with the option to copy, in total or selectively, the product assumptions contained within BSP business rules from one currency to another currency or a set of currencies or from one product to another product or a set of products. |