3.6.1 Create Interest Optimization

This topic describes the systematic instructions to create a interest optimization.

1. Click + button on the Interest Optimization screen
   The Interest Optimization screen displays.

   Figure 3-2 Interest Optimization

   
   

   
   Description of "Figure 3-2 Interest Optimization"

   
   
2. Specify the fields on Interest Optimization Maintenance screen.

   Note:

   The fields marked as Required are mandatory.

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

   Table 3-2 Interest Optimization Maintenance - Field Description

   Field	Description
   Structure ID	Displays the structure ID that is auto generated.
   Structure Description	Specify a description for the Structure ID.
   Customer ID	Click Search icon and select the customer ID from the list.
   Source	Displays the source.
   Effective Date	Select the effective date for the interest optimization.
   End Date	Select the end date for the interest optimization. The end date should be more than the effective date.
   Threshold Currency	Click Search icon and select the threshold currency from the list.
   Threshold Amount	Specify the threshold amount.
   Existing Structure ID	Click Search icon and select the existing structure ID from the list.
   Enrich	Click Enrich to fetch the rates and threshold details from the existing structure.
   Pause Start Date	Select the pause start date to pause the interest optimization.
   Pause End Date	Select the pause end date to resume the interest optimization.
   Interest Optimization Rate Type	Click Search icon and select the rate type from the list.
   Nominated Account	Click Search icon and select the nominated account from the list.
   Account Number	Click Search icon and select the participating account from the list.
   Currency Code	Displays the currency code of the participating account.
   Branch Code	Displays the branch code of the participating account.
   Available Balance	Displays the available balance of the participating account.
   Rate Type	Select the rate type from the drop-down list. The available options are: Enhancement Rate Nomination Rate Premium Rate
   Currency Code	Click Search icon and select the currency code from the list.
   From Amount	Specify the amount from when the rate is applied.
   To Amount	Specify the amount to when the rate is applied.
   Rate (%)	Specify the rate percentage.
   Currency Code	Click Search icon and select the currency code from the list.
   Threshold Amount	Specify the threshold amount.

3. Click Add button to add participating accounts, currency rates and currency threshold details.
4. Click icon to edit the participating accounts, currency rates and currency threshold details.
   1. Click icon to save the modified participating accounts, currency rates and currency threshold details.
5. Click icon to delete the participating accounts, currency rates and currency threshold details.
6. Click Save.
   The user can view the created Structure ID using Interest Optimization Summary screen.
7. Click Cancel to discard the updated details and close the Interest Optimization screen. In such case, the updated details will not be saved.