1.2.1 Maintaining LIBOR Rates

To capture details of floating rate input screen

Specify the User ID and Password, and login to Homepage.

1. On the Homepage, type CFDFLTRI and click next arrow.
   The Floating Rate Input screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 1-1 Floating Rate Input

   
   

   
   Description of "Figure 1-1 Floating Rate Input"

   
   
2. The floating interest rates are defined through this screen. You can enter below details in this screen. For information on fields, refer to the field description table.

   Table 1-1 Floating Rate Input Details

   Field	Description
   Rate Code	Each rate code is associated with a currency. You can define rates for the same rate code in different currencies. A rate code identifies a set of rates defined for a combination of currency, amountlLimit (optional) and effective date. When processing a contract initiation, you should link it to the floating rate table by indicating the rate code. The rates defined for the rate code are applied on the contract.
   Propagate Floating Rates To Branches	Select this option to indicate that the rate code should be available across all branches.
   Currency Details	Each rate code is associated with a currency. You can define rates for the same rate code in different currencies.
   Amount Slab	For a specific rate code and currency combination, you can define an amount slab structure for application of interest rates. You should specify the upper limit of the slab to which a particular rate should be applied. A rate that has been defined for an Effective Date - Amount Slab combination is applicable to an amount less than or equal to the specified amount. You can define interest rates for a slab structure.
   Effective Dates	Each rate that you define for a rate code and currency combination should have an effective date associated with it. This is the date on which the rate comes into effect. Once a rate comes into effect, it is applicable till a rate with another effective date is given for the same rate code and currency combination. Note: The rates are applied to a contract depending on whether it has been defined with Auto Rate Code Usage or Periodic Rate Code Usage. You can specify this in the Interest Class Maintenance sub-screen of the Loans and Commitment Product Definition screen.
   Borrow/Lend Rate Indication	For every Amount Limit - Effective Date combination, you should define the rate to be applied as a borrow rate or a lend rate. Borrow rates are applied for loans taken by the bank and lend rates apply on placements. You also have the option to specify mid-rate.
   Tenor and Interest Rate Details	The rates that are applied for a given combination of Amount Limit – Effective date – Lend/ Borrow Indication can be tenor based. In the table, you can define the interest rates for different tenors. The rate that is applied to a contract is based on the interest parameters specified in the Interest Class Maintenance sub-screen of the Loans and Commitment Product Definition screen. The index rate code which was picked up to derive the resultant composite rate is stored as Picked Up Rate Code for the effective date, which has the reset tenor zero. The rates picked for the index rate codes are for the maximum amount maintained in the amount slab. The composite rate rebuilt is stored with the amount slab as 999,999,999,999.00. After applying the additional rate (specifically when the additional rate indicator is -), if the resultant rate becomes –ve, then it is considered as 0 as –ve rate is not allowed.
   Viewing last authorized data	You have the facility to view the latest authorized version in the Query Mode (F7 and F8). Once you execute the query, the system displays the latest authorized version. Note: You are not allowed to create, copy, close, reopen, or amend a record in the View Last Authorized Mode.