7.9.2 Specifying the Rate Revision Frequency

In the OL Contract Schedules screen, select the component for which the Rate Revision frequency has to be defined (say INTEREST1). Select the Rev box (Revision Box) to indicate that it is a rate revision schedule. Next, enter your specifications in the frequency (it could be daily, weekly, and so on.), the number, and the unit fields. In addition, give the Start Date on which the first revision has to take place.

For example, if you specify the frequency as weekly, the revision takes place every week beginning on the Start Date that you have specified.