Creating and Maintaining Product Level Parameters

Bank may want to create a new product for financing. Screens are available to create a new product along with its attributes.

This screen is divided into three tabs: Basic Information, Finance Parameters, and Repayment Parameters.

Navigation Path: Supply Chain Finance > Maintenance > Product Parameters > View Product

Basic Information

Field Name	Description
Branch	Branch of the bank in which the product is to be created.
Product Code	Unique identification for the product. It should be user enterable.
Product Description	Description of the product.
Product Type	Whether it is seller centric or buyer centric.
Product Category	This is the category of product. Whether it is invoice based financing or PO based financing or Inventory based financing.
Effective From	This is the date from when this product will be effective. Can be changed to any date but not lesser than today’s date.
Expires On	Date up to which the product is effective.
Debtor	This is the debtor for the product. This is also called as borrower.

Finance Parameter

Field Name	Description
Auto Finance Applicable	This should be selected if auto financing for this product needs to be enabled.
Auto Settlement Applicable	This should be selected if auto settlement for this product needs to be enabled.
Preferred Disbursement Mode	Preferred mode of disbursement for this product.
Preferred Settlement Mode	Preferred mode of settlement for this product.
Min Finance Percentage	Minimum Finance percentage allowed for financing a transaction of this product.
Max Finance Percentage	Maximum Finance percentage allowed for financing a transaction of this product.
Min Tenor Allowed (days)	Minimum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
Max Tenor Allowed (days)	Maximum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
With Recourse	Whether this finance is with recourse or without recourse for this product.
Stale Period (Days)	This is the period after which the invoice becomes stale and cannot be financed any more for this product.
Min Waiting Period (Days)	This indicates the minimum period up to which the finance cannot be closed for this product.

Repayment Parameter

Field Name	Description
Auto Finance Applicable	This should be selected if auto financing for this product needs to be enabled.
Auto Settlement Applicable	This should be selected if auto settlement for this product needs to be enabled.
Preferred Disbursement Mode	Preferred mode of disbursement for this product.
Preferred Settlement Mode	Preferred mode of settlement for this product.
Min Finance Percentage	Minimum Finance percentage allowed for financing a transaction of this product.
Max Finance Percentage	Maximum Finance percentage allowed for financing a transaction of this product.
Min Tenor Allowed (days)	Minimum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
Max Tenor Allowed (days)	Maximum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
With Recourse	Whether this finance is with recourse or without recourse for this product.
Stale Period (Days)	This is the period after which the invoice becomes stale and cannot be financed any more for this product.
Min Waiting Period (Days)	This indicates the minimum period up to which the finance cannot be closed for this product.

Note: Once a product is created, user can search the maintained products and modify the product attributes.

Search Product

Field Name	Description
Auto Finance Applicable	This should be selected if auto financing for this product needs to be enabled.
Auto Settlement Applicable	This should be selected if auto settlement for this product needs to be enabled.
Preferred Disbursement Mode	Preferred mode of disbursement for this product.
Preferred Settlement Mode	Preferred mode of settlement for this product.
Min Finance Percentage	Minimum Finance percentage allowed for financing a transaction of this product.
Max Finance Percentage	Maximum Finance percentage allowed for financing a transaction of this product.
Min Tenor Allowed (days)	Minimum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
Max Tenor Allowed (days)	Maximum tenor allowed for financing a transaction of this product. Any 4 digit numeric value should be allowed. No decimals should be allowed.
With Recourse	Whether this finance is with recourse or without recourse for this product.
Stale Period (Days)	This is the period after which the invoice becomes stale and cannot be financed any more for this product.
Min Waiting Period (Days)	This indicates the minimum period up to which the finance cannot be closed for this product.