11 Define a Deal preference Class

Preferences are the options available for defining the attributes of a deal. Preferences are based on the type of deal you define such as Bank portfolio buys and sells, the customer buys and sells, standalone lodge and withdraw, safekeeping location (SKL) to SKL transfer and block securities. The following are some of the preferences that you can define:

• Exchange rate preferences
• The mode of money settlement
• The mode of delivery settlement
• Allowing brokerage

A set of such preferences can be grouped into what is called in Oracle Banking Treasury Management, a Preference Class. You can maintain several deal preference classes. The preferences that you define will give a deal distinctiveness unique to the type it represents.

The advantage of Defining a Portfolio Preference Class

While creating a deal product, instead of specifying preferences for each product, you only need to associate the appropriate deal preference class to the product. All the attributes defined for the class will be by default, applicable to the deal product. You can change the preferences that are defaulted, to suit the deal product.

Note:

Once defined, a deal preference class can be made applicable to any number of products.

This topic contains the following sub-topic:

• Process Deal Preference Class
  This topic describes the systematic instructions to process deal preference class.