7.2 Defining a Fee Rule

You can define a fee rule though the Fee Rule – Definition screen. You can attach the fee rule to a Fee Class or directly to a syndication product.

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

1. On the Homepage, type LFDFEMNT and click next arrow.
   The Fee Rule - Definition screen is displayed.

   Note:

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

   Figure 7-1 Fee Rule - Definition

   
   

   
   Description of "Figure 7-1 Fee Rule - Definition"

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

   Table 7-1 Fee Rule - Definition

   Fields	Description
   Fee Rule	Every fee rule you define in Oracle Banking Corporate Lending must be identified by a unique code. Assign a unique code to the rule you are creating. You can define a code comprising of a maximum of nine alphanumeric characters.
   Description	Briefly describe the rule you are creating to facilitate identification from a list of similar rules. The description can consist of a maximum of 30-alphanumeric characters.
   Slab/Tier	When defining a fee rule, you can specify whether the rule should have a Slab or Tier structure. However, the actual Slab or Tier structure should be maintained in the Fee Rule Maintenance screen.
   Rate/Amount	You can indicate the basis on which the rule being defined to calculate the applicable fee for the fee component – as a percentage or amount. Accordingly, you can capture the fee rate or fee amount applicable for the various Slabs/Tiers defined for the rule in the Fee Rule Maintenance screen.

   For more details on this screen, refer the heading ‘Maintaining Fee Rule details’ in this chapter.