3.5.3 Setting Preferences for Participant Products

Preferences are those options you can use to specify attributes for a product. These attributes are picked up and applied automatically to any contracts involving the product.

For instance, for participant contracts using a participant facility product, you can define whether collection from the participants towards a drawdown must be initiated automatically; or whether the amount repaid by the borrower must be disbursed automatically to participants.

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

From the Homepage, navigate to Participant Product Definition screen.

1. From the Participant Product Definition screen, click Preferences.
   The Participant Product Preferences screen is displayed.

   Figure 3-18 Participant Product Preferences

   
   

   
   Description of "Figure 3-18 Participant Product Preferences"

   
   
2. You can capture the following information in this screen. For information on fields, refer to the field description table.

   Table 3-13 Participant Product Preferences

   Fields	Description
   Auto Initiation	You can indicate whether collection from the participants towards a borrower drawdown must be initiated automatically. Your specification is inherited by all participant contracts using the participant product.
   Auto Collection	You can indicate whether the amount repaid by the borrower must be disbursed automatically to the respective participants. Your specification is inherited by all participant contracts using this product. Note: If you have selected the product type as Collateral Online or Collateral Settlements, Preferences tab is disabled.
   Product Restrictions	When you create a product, you can provide product restrictions. That is, you can specify the branches of your bank that can offer this product, the currencies that are allowed or disallowed and the customers who can avail the product.

   You can set preferences as Allowed/Disallowed in this screen and the same is defaulted to Bilateral Loan and Commitment Restrictions screen.