2.2.26 Pricing

This topic describes about the procedure to define pricing.

Pricing functionality is supported for facility with the following features.

• New Pricing sub-system is introduced in facility maintenance.
• Pricing components like Interest, Charges and Commission are supported.
• Multiple records of pricing components can be signified for a facility.
• Based on facility type, applicable pricing components can be signified. For ex., for Funded type of facility, Interest and Charges are supported whereas for non-funded type of facility, Commission and charge components are supported.
• Applicable attributes are provided for each pricing component.
• The Pricing details captured in ELCM can be used by other PPs (Loans, OD etc) by querying the facility.