1.5.3 Specifying the Default Value

You can specify a default value for a user-defined field. The option list positioned next to this field is enabled only if the field is a cube entity. Otherwise, the option list is disabled.

For example, assume that your bank wants to capture an additional currency field for processing certain transactions and the default value for this additional field has to be USD. Therefore, your selections are as follows:

• Field Type - Cube Entity
• Cube Entity Type - Currency

The option list in the Default Value field displays all the currencies maintained at your bank. Select USD. Consequently, in the UDF screen of the Contract Input or Function Id screen, USD is displayed as the default currency.

If you have specified a default value for a field and also the derivation rule, the value obtained from the derivation rule takes precedence over the default value at the Contract/ Function Id level.