4. Fees

4.1 Introduction

The Fees link allows you to define the method of computing the various producer, credit line, and unit level fees. You can define different fee calculations for a state, producer, and credit line.

Note

The Fee Rules section on the Fees link displays all the system defined balance types, even those disabled on the Balance Types screen. This is necessary for Oracle Financial Services Lending and Leasing to retain the fee rules associated with the balance type in case any are already associated with any existing units.

4.2 Fees Link

To use the Fees link

On the Oracle Financial Services Lending and Leasing home screen, click Setup > Setup > WFP > Fees.

1. In the Fee Balances Types section, select the record you want to work with.

Note

If you choose, use Search Criteria to limit the display of instrument records.

2. In the Fee Balances Types section, view the following information:

   In this field:	View this:
   Fee	The system defined fee types applicable for WFP (display only).
   Description	The balance description of the fee type (display only).
   Level	View the balance type level at which a fee is applicable: Producer, CreditLine, or Unit (display only).

3. In the Fee Rules section, select the record you want to work and click Show in the Details column.

Note the following:

• If you choose, use Search Criteria to limit the display of the fee rule records.
  • If you are entering a new record, click Add.
  • If you are changing an existing record, click Edit.

4. In the Fee Rules section, enter, view, or edit the following information:

   In this field:	Do this:
   State	Select state initials (required).
   Producer #: Name	Select the producer (optional).
   Credit Line	Select the credit line (optional).
   Start Date	Start the date from when the fee rule is applicable (required).
   End Date	Start the date till which the fee rule is applicable. A blank field indicates no end date (optional).
   Enabled	Select to enable this fee rule.
   Calculation Method	Select the calculation method. If the calculation method is FLAT, then Fee% field should have the value 0.0 and the Fee Amount - Maximum field would have the same value as that in the Fee Amount - Minimum field. Oracle Financial Services Lending and Leasing uses the Fee Amount - Minimum field for fee calculation (required).
   Fee%	Enter the fee percentage (required).
   Fee Amount Mini­mum	Enter the minimum fee amount that would be charged to the pro­ducer (required).
   Fee Amount Maxi­mum	Enter the maximum fee amount that would be charged to the pro­ducer (required).

5. Click Save on the Fee Balance Types section.

FLEXCUBE WFP supports the following types of fees and calculation methods:

Description	Level	Calculation Methods supported
Non Sufficient Fees	Producer	Flat
Producer Annual Fees	Producer	Flat
Credit Line Audit Fees	Credit Line	Flat
Late Charge	Unit	Flat Percentage of Payment Due Percentage of Balance Payment Unit Charge
Unit Service Fees	Unit	Flat
Unit Other Fees	Unit	Flat