1 Defining Discount Accrual Classes

This topic introduce the Discount Accrual User Manual and its functionalities.

In Oracle Banking Treasury Management, you can define the different types of charges that apply on a product as ‘classes’. A charge class is a specific type of charge component (E.g. ‘Charges for amending the terms of a loan’). When defining a product, you merely have to attach the required classes. In this manner, a contract processed under a particular product acquires the classes (components) associated with the product.

A discount accrual class can be made applicable for loans and contracts processed in Oracle Banking Treasury Management. To apply a discount accrual, you should first define attributes for each of the components.

• Discount Accrual
  This topic describes how to process and define a discount accrual class and associate the discount accrual components to products.
• Computation of Net Discount Accrual Amount for a Processing Day
  This topic describes the details on computation of net discount accrual amount, IRR calculation and IRR re-calculation.