1.10 User Defined Fields for a Product

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 Fields.
   The Product User Defined Fields screen is displayed.
2. From the list of all the fields that you created, you can choose specific fields and make them applicable to the product. Besides, you can also specify the values that should be defaulted for the field.

   Fields defined in the Product User Defined Fields screen can be made applicable to the products that you create for the front-end modules of Oracle Lending.

   The list of fields that you select for a product is applied to all transactions associated with the product. At the product level you need not capture the default value for each UDF that you associate with the product. When a contract is processed under that product, you have to indicate the value of the UDF on a mandatory basis.

   Example

   Assume that your bank wants to know whether a customer is a Resident or Non-resident before sanctioning a loan. Therefore, you have associated a UDF called Resident/Non- Resident with the Loan scheme – Short Term loans for Individuals. Your selection as follows:

   • Yes – if the customer is a Resident.
   • No- if the customer is a Non-resident.

   Moreover, you have specified that input to this field is mandatory. Since, you are not be able to determine this at the product level, you are allowed to save the product without capturing the default value of this UDF. For transactions processed under this product you are required to capture this information.

   For more information, refer to the User Defined Fields User Manual.