3.3.1 Interest Method

This topic provides the information about the Interest method for Interest calculation.

The system will have interest suppressed at the participant accounts and will make a single payment/charge as required based on the pool header balance.

To process Interest method in the system Pool type structure with Interest method as Interest needs to be created.

The required IC setup are as follows:

• Period Code Maintenance
• Branch Parameters
• Interest Rule Maintenance
• Product Maintenance
• IC Group Input (Mapping of Oracle Banking Liquidity Management and IC Group)
• IC Group Product Mapping (Mapping of Group to an IC Product)
• IC Rate code Maintenance
• Rate Input Maintenance
• UDE Value Input

The Expression, Condition and Result needs to be maintained in the IC rule for processing Interest method of pooling in the system. please refer to the IC Formuale section.