1.3.1 Rule Master Definition Screen

To capture details of rule master maintenance screen

Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type LFDRLAVL and click next arrow.
    The Rule Master Maintenance screen is displayed.

    Note:

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

    Figure 1-2 Rule Master Definition



  2. You can enter below details in this screen. For information on fields, refer to the field description table.

    Table 1-2 Rule Master Maintenance

    Field Description
    Rule ID and Description Each Interest Rule is defined by a four-character code, called the Rule ID. Attributes are defined for this Rule ID, which is then linked to a product. When a contract is processed, the interest attributes defined for the Rule ID linked to the product is applied on the contract, some of which can be changed.
    Rule Type The Rule Type identifies the type of ICCF component you are defining. In this case it is Interest. The attributes applicable for a component depends on its Rule Type.

    For example, you can define any component that is tenor based - an annual fee, for example - as a component of Rule Type Interest. If INTEREST1 is your main interest, your annual fee can be defined as INTEREST2, as it is tenor based. Only on an Interest type of component, you can have the floating rates.