1.2.2 Rates

This topic explains the systematic instructions to enter the details in the Rates sub-screen.

System generates a negative interest component on saving the interest class, if negative interest is allowed for an interest class. Negative Interest Class name is derived as Main Interest Class Code_N. If the length of main interest class code is more than 8, then the system truncates the interest class code to first eight characters and adds ‘_N”.

1. Click Rates in the Treasury Interest Maintenance scree.
2. Specify the fields in the displayed screen.
   Description of the illustration cfdtrint_rates_button.png

   Table 1-3 Rates - Field Description

   Field	Description
   Component Currency	Select the component currency from the displayed list of values.
   Rate Fixing Days	Enter the rate fixing days as per the requirement. Rate fixing days can have the values from zero or greater. If no values are entered system defaults it to zero. By default, the system displays 0 value.
   Fixing Date Movement	Select the Fixing Date Movement from the drop-down list as per the requirement from the effective revision date. The available options are: Forward Backward Note: If rate fixing days is greater than zero, movement is selected either as forward or backward. If rate fixing days is zero then Reset date movement will remain blank. The Values of the Rate fixing days and Rate fixing movement are defaulted from Treasury Maintenance screen (Refer to section 2.4) for the currency and rate code combination. Based on the requirement, user can change these values.
   Minimum Rate	Specify the minimum rate which must be applied to the contract under the products linked to this class. Minimum rate allows negative values if the negative interest is allowed for the class..
   Maximum Rate	Specify the maximum rate which must be applied to the contract under the products linked to this class. Maximum rate allows negative values if the negative interest is allowed for the class.
   Default Rate	Specify the default rate that should be applied for on contracts under the products linked to this class. Default rate allows negative values if the negative interest is allowed for the class.
   Minimum Spread	Specify the minimum spread which must be applied to the contract.
   Maximum Spread	Specify the maximum spread which must be applied to the contract.