1.13 Specifying accrual fee details of a product

After defining a fee component, you need to link the fee component to a product in Oracle Lending.

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

From the Homepage, navigate to Bilateral Loans Product Definition screen.

1. From the Bilateral Loans Product Definition screen, click on Accrual Fee Details.
   The Accrual Fee Input screen is displayed.

   Figure 1-14 Accrual Fee Input

   
   
   Description of "Figure 1-14 Accrual Fee Input"
   
2. Click Add Rowsto add fee components. Click Default From Class to associate the required fee component with the product. System defaults the parameters of the selected fee component. However, you can change the parameters according to your requirements.
3. You need to specify the following details:

   Table 1-8 Accrual Fee Input

   Field	Description
   Accrual Method	Specify the accrual method from the adjoining drop-down list. This list displays the following values: Straight Line Yield Flat Amount
   Basis Amount	Select the basis amount on which the fee component should be calculated from the adjoining drop-down list. This list displays the following values: Expected balance Expected Outstanding Facility Expected utilized Facility
   Fee Type	Specify the fee type from the adjoining drop-down list. This list displays the following values: Income Expense
   Payment Method	Specify the fee type from the adjoining drop-down list. This list displays the following values: Discounted Bearing
   Allow Method Amendment	Select this box to indicate that the amendment method is allowed for the accrual fee component.
   Allow End Date input	Select this box to indicate that the fee component (if applicable for the product involved in the contract) is ceased to be associated with a contract on the contract End Date.
   CLP Buy Price Diff	Select this box to indicate that the difference between the PAR price (100%) and actual buy price is booked as fee against that component.