1.17 Maintain Rate Code Definition

This topic explains systematic instructions to process and define rate code definition.

A rate code identifies a set of rates defined for a combination of Currency, Amount Limit (optional), Tenor, and Effective Date.

Note:

The fields which are marked in asterisk are mandatory.

1. On Homescreen, type CFDFRTCD in the text box, and click Next.
   The Rate Code Definition screen displays.

   Figure 1-20 Rate Code Definition

   
   

   
   Description of "Figure 1-20 Rate Code Definition"

   
   
2. On the Rate Code Definition screen, specify the fields.

   For more information on fields, refer to the field description table.

   Table 1-26 Rate Code Definition - Field Description

   Field	Description
   Rate Code	Specify a code to identify the Floating Rate being defined. Several currencies can be associated with the rate code and specify rates for each currency. While processing a contract, specify this code to make the rate applicable to the contract.
   Description	Specify a unique description for the rate code.
   Rate Code Type	Select the rate code type from the drop-down list. By default, the system displays the value as RFR which is used to maintain the RFR rate for the rate code. The following options are also available for selection in the drop-down list: Inflation - Used to maintain inflation Index for the rate code Others - Used to maintain rates other than RFR and Inflation. For example, IOBR

3. Click Exit to end the transaction.