12.6.2 Associating Fee at Product Level
You can associate the fee by clicking the Fee in the Loans and Commitment-Contract Input screen.
Here you can attach multiple fee components to the Product. The following are the preferences to be maintained:
- Select the Basis Amount available as one of the following as required:
- Principal
- UTIL - Only Arrear type of fees
- User Input
- UNUTIL - Only Arrear type of fees
- OUTSTANDING
- Select the Fee Rule type as Margin
- Fee should be collected in Arrears or in Advance.
- The preferences for the fee class to be maintained as follows:
- Allow Start Date Input – If you select this check box at the product level, the system allows start date input at the contract level.
- Allow End Date Input: If you select this check box at the product level, the system allows end date input at the contract level.
- Billing Notice Required – Select this flag for generating the billing notices.
- No of days – The system generates the billing notices x days before the fee liquidation is due, where x is the days maintained.
- Allow rule Amendment – Select this flag to amend the Fee Rule at the contract level.
- Allow Amount amendment – Select this flag to amend the amount at the contract level.
- Stop Association – Select this flag to stop calculating the fees for the underlying contracts.