Setting Up Cut Event Types

A cut event type encapsulates the business rules that govern a given type of cut event. Open Admin > Credit & Collection > Cut Event Type > Add to set up cut event types.

Note:

Recommendation. Before using this transaction, we strongly recommend that you review Cut Events Are Like Overdue Events.

Description of Page

Enter a unique Cut Event Type code and Description for the cut event type.

Use Long Description to provide a more detailed explanation of the purpose of the cut event type.

The Algorithms grid contains algorithms that control important functions. You must define the following for each algorithm:

Specify the algorithm's System Event (see the following table for a description of all possible events).
Specify the Algorithm to be executed when the System Event executes. Set the Sequence to 10 unless you have a System Event that has multiple Algorithms. In this case, you need to tell the system the Sequence in which they should execute.

The following table describes each System Event.


System Event	Optional / Required	Description
Cancel Logic	Required	This algorithm is executed to cancel a cut event. Refer to How Are Events Canceled for the details.
Event Activation	Required	This algorithm is executed to activate a cut event on its trigger date. How and When Events Are Activated for the details.
Event Information	Optional - only used if you want to override a cut event's info string	This algorithm is executed to construct a cut event's override info string. Refer to Cut Event Information Is Overridable for the details.
Monitor Waiting Events	Optional - only used if events of this type can enter the Waiting state	This algorithm is invoked by the Cut / Cut Event Manager for events in the Waiting state. Refer to Some Events Wait For Something Before Completing for the details.