This module describes the procedure for working with and managing Behavior Pattern Rules.
This chapter covers the following topics:
· Creating Behavior Pattern Rules
· Defining Behavior Pattern Rule
· Defining a Behavior Pattern Rule: An Example
You create a Behavior Pattern Rule to capture the Principal Run-off Behavior of product types that do not have contractual maturities.
1. Navigate to the BSP Assumption Specification-> Behavior Pattern Rule Page.
2. The Behavior Pattern Rule Summary Page is displayed. Click Add Behavior Pattern Rule.
3. Complete standard steps for this procedure.
Important: In addition to the standard steps for creating rules, the Procedure for creating a Behavior Pattern rule involves one extra step. After Standard Step 6, you need to select a product hierarchy.
You can define methodologies at any level of the hierarchical product dimension. The hierarchical relationship between the nodes allows the inheritance of methodologies from parent nodes to child nodes.
The definition of a Behavior Pattern Rule is part of the Create or Edit Behavior Pattern Rule Process. When you click Save in the Create Behavior Pattern Rule Process, the rule is saved and the Behavior Pattern Rule Summary Page is displayed.
However, Behavior Pattern assumptions have not yet been defined for any of your products at this point. Typically, you would start defining your Behavior Pattern Assumptions for product-currency combinations before clicking Save.
Defining Behavior Pattern Rule Using Node Level Assumptions
Node Level Assumptions allow you to define assumptions at any level of the Product Dimension Hierarchy. The Product Dimension supports a hierarchical representation of your chart of accounts, so you can take advantage of the Parent-Child relationships defined for the various nodes of your product hierarchies while defining rules. Children of Parent Nodes on a hierarchy automatically inherit the assumptions defined for the Parent Nodes. However, assumptions directly defined for a Child take precedence over those at the Parent Level.
Performing basic steps for creating or editing a Behavior Pattern Rule
From the Assumption Browser Screen, select the product(s) and the currency for which you want to define a Behavior Pattern(s) and select the “Add New” button to launch the Behavior Pattern Details Screen.
NOTE:
Using the default currency to set up assumptions can save data input time. At Run time, the Calculation Engine uses assumptions explicitly defined for a product currency combination. If assumptions are not defined for a currency, the engine uses the assumptions defined for the product and the default currency. If the assumptions are the same across some or all currencies for a specific product, you can input assumptions for the default currency. Be careful using this option on screens where an Interest Rate.
To create a Behavior Pattern Rule, enter the following details on Behavior Pattern Rule UI:
1. From the Assumption Browser, select Currency (US Dollar) and Total Loans.
§ Name
§ Description
§ Folder
§ Access Type
2. From the Assumption Browser, select Currency (US Dollar) and a product from the hierarchy browser. Select the Add New icon to enter the Assumption Details Page.
3. Select a pattern from the Behavior Pattern Selector. Here, the Behavior Pattern drop-down shows the list of existing Behavior Patterns. For more information, see the User-defined Behavior Pattern Chapter. You can select only one Behavior Pattern at a time.
4. Click Apply.