1.12.1 Create Product UDE Limits

This topic describes the systematic instructions to configure the product UDE limits.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Interest and Charges. Under Interest and Charges, click Product UDE Limits.
2. Under Product UDE Limits, click Create Product UDE Limits.
   The Create Product UDE Limits screen displays.

   Figure 1-26 Create Product UDE Limits

   
   

   
   Description of "Figure 1-26 Create Product UDE Limits"

   
   
3. Specify the fields on Create Product UDE Limits screen.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

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

   Table 1-26 Create Product UDE Limits - Field Description

   Field	Description
   Product Code	Click Search icon to view and select the product code. Every product is linked to a rule. When the rule is built, the user identifies the UDEs needed to calculate interest or charges. The user do not give the UDE value. Because the rule can be linked to many products and apply a product to many account classes (for which interest or charge is calculated using the same method but which have different UDE values).
   User Element	Click Search icon to view and select the user element for which the user want to maintain upper and lower limits.
   Currency Code	Click Search icon to view and select the currency code. If the user select ALL as currency code, then the limits are applicable for all currencies.
   Min Effective Value	Specify the minimum value for the user element and currency combination.
   Max Effective Value	Specify the maximum value for the user element and currency combination.
   Minimum Variance	Specify the minimum value of interest variance that can be maintained at account level for the given UDE and currency combination.
   Maximum Variance	Specify the maximum value of interest variance that can be maintained at account level for the given UDE and currency combination. The value of Maximum Variance cannot be less than Minimum Variance. While creating an account, if the variance is specified at special condition level in the Variance field against a UDE, then that variance value is compared with the Minimum and Maximum variance maintained at the product level for the account currency. If the variance is below minimum variance and above maximum variance, the system displays an error message. The validation of minimum and maximum variance will be performed during creation, modification and reopening of the account.

4. Click + to add the new user element limits.
5. Click - to remove the existing user element limits.
6. Click Save to save the details.
   The user can view the configured product UDE limits using View Product UDE Limits screen.