1.14.1 Create Charge Product Preferences

This topic describes the systematic instructions to create charge product preferences.

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

1. On Home Screen, click Interest and Charges. Under Interest and Charges , click Charge Product Preferences.
2. Under Charge Product Preferences, click Create Charge Product Preferences.
   The Create Charge Product Preferences screen displays.

   Figure 1-29 Create Charge Product Preferences

   
   

   
   Description of "Figure 1-29 Create Charge Product Preferences"

   
   
3. Specify the fields on Create Charge Product Preferences screen.

   Note:

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

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

   Table 1-30 Create Charge Product Preferences - Field Description

   Field	Description
   Product Code	Click Search icon and select the product code for which you are defining preferences. Product Maintained in the Product Maintenance screen is available in the LOV.
   Product Description	Specify the description of the product. This description is associated with the product for information retrieval purposes.
   Interest Start Date	Select the interest start date for the accounts associated with the product.
   Interest End Date	Select the interest end date for the accounts associated with the product.
   Currency	Click Search icon and select the Currency. The charges are consolidated in the currency defined for the selected consolidated charge product and this currency is displayed on the screen.
   Slab/Tier	Select the type of the charge product from the drop-down list. The available options are: Slab Tier You can choose to levy the charge based on either slab/tier. It shows whether you would levy the charge on tier or slab structures
   Periodicity	Select the type of periodicity from the drop-down list. The available options are: Daily Periodic This periodicity with which you would levy the charge (and for a non-monthly cycle, the month from which you would like to begin liquidation).
   Liquidation Month	Select the month of liquidation from the drop-down list.
   Charge Tracking Preferences	Select charge tracking preference from the drop-down list. The available options are: Part Debit/Part Waive - If your account does not have an amount sufficient to collect the full charge, then the system collects the available amount and waives off the remaining amount. Part Debit/Part Track - If your account does not have an amount sufficient to collect the full charge, then the system collects the available amount and tracks the remaining amount. Full Waive - If your account does not have sufficient balance, then the system waives off the full charge amount. Full Track - If your account does not have sufficient balance to cover the charge, then the system tracks the entire amount as receivable. Force Debit - The system debits the charge amount forcefully from your account. If the amount available in the account is not sufficient, then force debit results in negative balance. Not Required - Select if charge for tracking is not preferred.
   Liquidation Preferences for Tracked Charges	Select liquidation preference for tracked charges from the drop-down list. The options available are: Partial - If selected, the system liquidates the tracked charge amounts partially during EO only if part amount is available in the account. Full - If selected, the system tries to liquidate the individual tracked charge amount fully during EOD. If only part amount is available in the account, system will not try to collect the part amount
   Receivable General Ledger	Click Search icon to view and select the receivable general ledger only for products linked to rules having debit formulae. This is applicable only for the debit interest and charges on the account calculated through the IC module. Refer the Daily Processing of Interest and Charges for information on End of Day processing for Debiting Receivable GL. Before applying charges on personal current accounts, you can choose to notify your customers through Charge Notification messages. In the interim period charges are debited from a Receivable before actually debiting the customer account. While specifying preferences for Charge products, you can identify the Receivable GL which is to be used for storing charges on a temporary basis. Charge notification preferences are specified for an account class through the Account Class Maintenance screen.
   Account Group	Click Search icon and select the interest limit account group created in the account group.
   Currency	Click Search icon and select the Currency. The charges are consolidated in the currency defined for the selected consolidated charge product and this currency is displayed on the screen.
   Maximum Amount	Specify the charge amount range representing the maximum that can be applied for the account.
   Minimum Amount	Specify the charge amount range representing the minimum that can be applied for the account.
   Free Items	Specify the number of items on which you would not like to levy charges as Free Items. If the items exceed the value that you specify here, a charge would apply. You would specify an amount as a Free Item in case you identified the Charge Basis for the product as Turnover.
   Slab Amount	Specify the slab amount maintained for the product should be same as minimum charge amount.
   Charge Amount	Specify the charge amount.
   Charge Rate	Specify the charge rate.
   Floor Basis Amount	Specify the floor basis amount.
   Floor Amount	Specify the floor amount.

4. Click + to add the account and amount details.
5. Click - to remove the existing account and amount details.
6. Click Save to save the details.

The user can view the configured charge product preferences using View Charge Product Preferences screen.