Define Floating Rate Codes

3.5.2 Define Floating Rate Codes

On the Rate Code Maintenance screen, specify the fields.

For more information on fields, refer to the below

Table 3-12 Rate Code Maintenance- Field Description

Field	Description
Rate Code	Enter a code to identify the rate you are defining. You can associate several currencies to the rate code and specify rates for each currency. While processing a contract, you need to indicate this code to make the rate applicable to the contract. The code cannot exceed 10 characters.
Description	Specify a brief description to identify the rate code being defined.
Holiday Currency	Specify the holiday currency for this rate code. You can choose the appropriate one from the adjoining option list that displays all valid currency codes maintained in the system.
Propagate Across Branches	Check this option to indicate that the rate code should be available across all branches.
Tenor Code	Specify a unique code to identify the tenor for which this rate code should be applicable.
Tenor Code Description	Specify a brief description for the tenor code. You can add multiple tenor codes for the rate code Click the add row button. Select the desired row, and click the delete row button to delete the tenor code.

In order to process MT340, MT360 and MT361 you need to maintain the following rate codes:

Parent topic: Branch Parameters