4.5.2 Specify the Rate Revision Frequency

In the MM Contract Schedules screen, select the component, for which the Rate Revision frequency has to be, defined (say INTEREST1). Select the Type as 'R' (Revision), then enter your specifications in the frequency (it could be daily, weekly, etc.), the number, and unit fields. Also, give the Start Date on which the first revision has to take place.

For example, if you specify the frequency, like weekly, the revision will take place every week beginning on the Start Date that you have specified.