1.6.1 Maintain Rate Codes and their Values

This topic provides the systematic instructions to maintain rate codes and their values.

A Tax Rate Code identifies the rate that applies on an issuer tax. For instance, you can create a rate code and specify the rate values for different Effective Dates, in the Trade Finance Tax Rate Code Maintenance screen. When building an Issuer Tax component, say Issuer_01, in the Trade Finance Tax Class Maintenance screen, you only need to specify the Rate Code that should apply. For all securities associated with Issuer_01, the rates corresponding to the code will be picked up.

1. On the Homepage, type TADTFRCD in the text box, and click the next arrow.
   The Trade Finance Tax Rate Code Maintenance screen is displayed.
   

   
   Description of the illustration tadrtcd__cvs_tax_rate_code.jpg

   
   Since tax rates would vary across markets, you can define rate codes specific to markets (countries).