- Collections User Guide
- Maintenance for Collections
- Product Definition Maintenance
- Create Product Definition
3.11.1 Create Product Definition
This topic describes the systematic instruction to create product codes.
Newly created codes take effect once authorized and cannot be modified thereafter.
Specify User ID and Password, and login to Home screen.
- On Home screen, click Cash Management. Under Cash Management, click Collections.
- Under Collections, click Maintenance. Under Maintenance, click Product Definition.
- Under Product Definition, click Create Product Definition.The Create Product Definition screen displays.
- Specify the fields on Create Product Definition screen.
Note:
The fields marked as Required are mandatory.Table 3-24 Create Product Definition - Field Description
Field Description Branch Select the branch to create the product for. Changing the branch requires access rights for the selected branch. Product Code Specify a unique alphanumeric code for the product. This field cannot be modified once authorized.
Product Description Specify a name and description for the product. Product Category Select the category of the product, whether ‘Paper Based’ or ‘Cash’. This field cannot be modified once authorized.
Product Type Select the type of product from the following: - Local Cheque Collection
- Outstation Cheque Collection
- Account Transfer
Network Type Select the network type to define the network used by the bank for clearing. This field is applicable only to the Paper Based Instruments category.
This field cannot be modified once authorized.
Clearing Days Specify the number of days within which clearing should be completed. This field is applicable only to the Paper Based Instruments category.
Currency Select the currency to be considered for the product. Product Exposure Limit Specify the maximum exposure limit of the bank for the product. The exposure limit for a product is utilized on booking of the cheque, and released on realization of the cheque. The product exposure limit cannot be a negative value.
Min Txn Amount Specify the minimum transaction amount required for the product. Max Txn Amount Specify the maximum transaction amount allowed for the product. Effective From Click the calendar icon to select the date from when the product should take effect. Expires On Click the calendar icon to select the date on which the product expires. - Click Save to save the record and send it for authorization.
Parent topic: Product Definition Maintenance