Standard Process Level Balance Selection for charge/credit calculations

This option allows users to define the balance basis used for charge and credit calculations. The system supports Average Book Balance, Custom Balance, and Ending Book Balance, and applies the selected balance type consistently across all the accounts being processed in a particular process. However, within a process, user can still choose different balance for different charge/credit calculations e.g. Transfer rate/add-on rate or All-in-TP rate based charge credit.

During object migration , the Charge/Credit Balance selected under Preferences is automatically populated and saved as the default at process level as well.

When you upgrade the system from Release 25D to Release 26A, the Charge/Credit Balance option is picked from preferences with the following message:

“Balance is being picked from user preference.”

If required, you can manually change the auto-selected value on the Calculation Selection screen. After modifying the selection, click Apply or Next to save the updated value.

If you retain the auto-selected value, no manual update is required.

Business Benefit:

This enhancement provides greater flexibility and accuracy in charge and credit calculations by allowing users to select different balances for different portfolios rather than one single balance type selected at application preference level which must be used for all portfolios.

Steps to Enable and Configure

You don't need to do anything to enable this feature.