2.8 Interest Maintenance

This topic describes the information to maintain the interest in Supply Chain Finance system.

Banks levies interest on the borrower party basis the parameters such as loan amount, tenor, etc. Interest pricing is determined by configuring various pricing methods such as fixed rate type, floating rate type, interest basis, and so on. The interest payment schedule, and collection period can also be defined for the interest.

This topic contains the following subtopics:

• Interest Pricing
  This topic describes the information to configure the template for interest pricing. Once created the same can be linked to a product/program/party through Interest Decisioning.
• Interest Rate Decisioning
  This topic describes the information to map the pricing rule or template to appropriate product/program/party.