1.3 Defining Interest Rules
An interest rule identifies the basic nature of an interest component.
An interest rule is defined in the Rule Master Definition and ICCF Rule Maintenance screen.
As you are defining an interest type of component, (that is, a tenor based component), you need to specify only the following details through the Rule Master Definition and ICCF Rule Maintenance screen.
- Rule Master Definition
- Rule Type
- Rule ID
- Rule Description
- ICCF Rule Maintenance
- Rule Currency and Customer combinations
- Rate Type
- Tenor Basis
All the other details of the component are to be specified through the Interest Class Maintenance sub-screen of the Loans and Commitment Product Definition screen.
This topic contains following sub-topics: