3.3.7 Defining Discount Accrual Preference

After building discount accrual fee classes you can associate the class with loans or bills products.

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

From the Homepage, navigate to Loan Syndication - Borrower Product Definition screen.

1. From the Loan Syndication - Borrower Product Definition screen, click Discount Accrual.
   The Discount Accrual Preference Association screen is displayed.

   Figure 3-11 Discount Accrual Preference Association

   
   

   
   Description of "Figure 3-11 Discount Accrual Preference Association"

   
   
2. To associate discount accrual fee class with a product, click the Default From Class in the Discount Accrual Preference Association screen. Select the appropriate discount accrual fee class from the list of classes that you would have maintained through the Discount Accrual Preference Class Maintenance.
   For further information on the Discount Accrual Preference Class Maintenance screen, refer to the chapter Defining Discount Accrual Fee Classes in the Bilateral Loans User Manual.

   The attributes defined for the discount accrual fee class defaults to the product. You have the option to modify the attributes defined for the class, to suit the requirement of the product you are creating.

   Alternatively, you can choose to define the discount accrual details for the product.

   Note:

   • (If the Acquisition type is different from what is maintained at Discount Accrual Class level then the system gives an error and contract does not save.)
   • You are allowed to change acquisition type during the life cycle of the contract on the basis of the maintenance done at the product level