6. Setup - Products

Under the Setup master tab’s drop-down link bar, the product Setup link opens screens that enable you to configure the basic business guidelines necessary to support one or more products in the system. Setting up the Products screens requires a thorough understanding of the current rules of your business and must be completed before you can use Oracle Financial Services Lending and Leasing. The Products drop-down link opens screens to record data of all the products supported by the system and contains the following links:

This section consists of the following topics:

Please note that, at any given point you can click “Refresh’ button to fetch the latest records data. Also the pagination option on all the screens display 5 records by default and helps to navigate to subsequent records. However, you can jump to the required page by entering the number in the ‘Page’ field.

6.1 Currency Exchange

The Currency Exchange screen maintains currency exchange rates. You can define the currency exchange details and schedule a batch job (SET-IFP- ICEPRC_BJ_100_01 - CURRENCY EXCHANGE RATE FILE UPLOAD) which in-turn pulls the currency exchange rates from desired source at scheduled intervals through input file processing.

To set up the Currency Exchange

  1. In the LHS menu, click Setup > Products > Currency Exchange.
  2. In the Currency Exchange Rates section, you can Add, Edit and View the Currency Exchange Details maintained in the system.

A brief description of the fields is given below:

Field:

Do this:

Currency

Select the currency being exchanged from the drop-down list.

Currency Pair

Select the currency to be paired with from the drop-down list.

Effective Date and Time

Specify date and time of the exchange rate. You can even select the date from the adjoining Calendar icon.

Rate

Specify the exchange rate (required).

Enabled

Toggle the switch to activate the currency exchange rate.
  1. Click ‘Save and Return’ to update the record or click ‘Return’ to cancel the update.