1.2.2 Define the Other Attributes of a Product

Use the Other Attributes options in the Product Definition Main screen to define the other attributes.

Once you have specified the basic details of a product, you can define the other attributes for it. From the Product Definition Main screen, you can move to the screen of your choice to define an attribute by clicking on the appropriate icon.

The other product attributes that you can define include:

• The interest, commissions, charges and fees that you would like to levy on contracts involving the product
• The taxes that apply on the contracts involving the product
• The type of accounts and the GL/SLs to which the accounting entries generated by contracts involving the product have to be posted
• The advices to be generated at different points in the life cycle of contracts involving the product
• A list of allowed or a list of disallowed branches (of your bank) that can use a product
• A list of currencies that are allowed or disallowed for a product
• Certain ‘preferences’, specific to a product
• Aging analysis related details
• Management Information System (MIS) details
• Clause/Document details

Note:

The product attributes that you can define would depend on the module in which you are creating the product. For instance, the attributes that you define for a product in the Foreign Exchange (FX) module would vary significantly from the product attributes that you define in the Teller module. For products you create in the FX module, you would define commission, clause, and document details, whereas, these attributes would not apply to products you create in the Teller module.

Note:

There are some fields in the product definition screens in which a value must be entered. If you try to save a product without entering details in these fields, the product will not be saved. You will be prompted to enter all mandatory details before attempting to save the product.