1.2.4.3 Tenor Details

• Basis Amount To

  You should specify the upper limit of the slab or tier to which a particular rate or amount should be applied as a charge.

  Example

  Suppose the following is the slab or tier structure you want to specify:

  Amount	Rate
  0 to 250 thousand	0.05%
  > 250 thousand <= 1 Million	0.06%
  > 1 Million <= 3 Million	0.07%
  > 3 Million	0.08%

  The Basis Amount To for the first slab or tier should be indicated as 250,000; that for the second slab or tier as 1,000,000 and so on.

• Fixed Rate

  If the charge is a percentage of an amount, specify the applicable rate. This rate is applied on the Basis Amount To, depending on whether you have defined the application basis, as a slab or a tier.

• Charge Unit

  The Charge Unit specifies the unit for rounding up a charge or fee to the nearest amount. The charge or fee is calculated for multiples of the charge unit.

  Example

  If the Charge Unit has been specified as 10 and the charge is to be calculated for USD 85, then the charge is calculated for the rounded up figure of USD 90.

  Similarly if the Charge Unit has been specified as 100 and the charge is to be calculated for USD 750; the charge is calculated for the rounded up figure of USD 800.

• Floor Amount

  If you are defining a Fixed rule type of component, you have to specify the Floor Amount which is to be added to the charge calculated. The floor amount is added to the charge based on the rate defined in the rule.

• Flat (CCF) Amount

  To levy a flat charge, specify the flat amount. This amount is applied on the Basis Amount, depending on whether you have defined the application basis as a slab or a tier.

• Minimum and Maximum Slab Level Charges

  If the charge is based on a fixed rate, you should specify the minimum amount and maximum slab level charges that can be applied on a contract involving the Rule ID. This charge is based on the slab level minimum and maximum amount currency.

  If the charge (applicable to the slab) calculated using this Rule ID falls below this amount for a contract, the minimum amount specified in this field is applied instead of the amount calculated using the fixed rate.

• Tenor From and Tenor To

  The tenor is in days. For instance, If Tenor from and Tenor to are given as 0 and 91, the tenor slab is from 0 days to 91 days.