1.6.1 Create UDE Value Input

This topic describes the systematic instructions to configure the UDE Value Input details.

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

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

   Figure 1-14 Create UDE Value Input

   
   

   
   Description of "Figure 1-14 Create UDE Value Input"

   
   
3. Specify the fields on Create UDE Value Input screen.

   Note:

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

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

   Table 1-14 Create UDE Value Input - Field Description

   Field	Description
   Product code	Click Search icon 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 should 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). For each condition defined for a product, specify the values of the UDEs (which is identified for the rule that is linked to the product) in the ‘User Data Elements’ screen. The UDE values maintained for a condition, the same will be picked up when the interest is calculated for the account class.
   Branch Code	Click Search icon and select the branch code for which the UDE Values being maintained are applicable as a general condition. If ‘ICRATES’ has been maintained as a Restriction Type in the Common Branch Restrictions screen, the branches allowed for the home branch are displayed in the option list for the Branch Code. If not, all Branch Codes are displayed including the ‘ALL’ option. If the home branch is HO, then the Branch Code option list displays ‘ALL’ in addition to the list of branches allowed for your Home Branch. If the user try to maintain a UDE value for a specific branch, the system will check if the UDE value has been first maintained with Branch Code ‘ALL’. If it has not been maintained, an error message will be displayed forcing the user to maintain the UDE value for the Branch Code ‘ALL’.
   Effective Date	Select the date from when a record takes effect. The user can maintain the different values for a UDE and the different effective dates for a condition. When the interest is calculated on a particular day for the account class, the value of the UDE corresponding to the date will be picked up. The UDE values of a condition can be different for different dates. Typically, the user would want to open records with different Effective Dates, if the values of UDEs vary within the same liquidation period.
   IC Group	Click Search icon and select the IC group.
   Currency Code	Click Search icon and select the currency code.
   User Element	Specify the user element.
   User Element Value	Specify the user element value.
   Rate Code	Specify the rate code.

   User Defined Elements:

   For each account class, the user must specify the values of all the UDEs to identify while building the rule. The specified UDE value will be picked up while calculating interest for the account class. All the UDEs that the user have identified for the rule (to which the product is linked) will be displayed here. The various types of UDE values are as follows:

   • Credit Rate
   • Debit Rate
   • Amount
   • Number

   The interest on a debit balance is an example of a debit rate. The interest on a credit balance is an example of a credit rate.

   A User Data Element will be an amount under the following circumstances:

   • in the case of a tier structure, the upper and lower limit of a tier or a tier amount;
   • in the case of a charge, when it is indicated as a flat amount
   • any amount that can be used in the definition of formula

   While building a rule, the user will indicate the UDE to be a number if the interest is defined based on the number of transactions or the number of account statements. A UDE under this category can also be used to store a numerical value that may be used in a formula. For each UDEs, the user must specify the values. If the UDE type for the rule is a Rate element, the user can either specify a Rate Code or enter a value for the Rate element. If the user specify a Rate Code for the UDE, the value maintained for the rate code will be picked up while calculating interest. However, if the user choose to enter a spread for the Rate Code, the appropriate value will be computed. (A Spread is a positive or negative value that the user add or deduct to the value specified for the Rate Code). If you do not specify a spread, the rate maintained for the Rate Code will be picked up. If the type of UDE is an amount, the value that you enter will be in the currency that you specified in the UDE amounts currency field (in the Interest Preferences screen). If you specified the UDE amounts currency as the local currency and the account class is in a foreign currency, all UDE values will be converted to the local currency. Currency conversions will be on the basis of the exchange rates maintained for the day.

4. Click + to add the new user defined element.
5. Click - to remove the existing user defined element.
6. Click Save to save the details.
   The user can view the configured UDE value input using View UDE Value Input screen.