1.9 Interest Details for the Product

This topic describes the interest details for the product,

This topic contains the following subtopics:

• Product Definition Screen
  This topic describes the systematic instruction to define product details.
• Basis for Interest Application
  This topic describes the basis for interest application.
• Interest Rate Details
  This topic describes the interest rate details.
• Specify Preferences for Floating Rate Pickup
  This topic explains the preferences for interest components.
• Product Limits
  This topic describes the product limits.
• Floating Rate Products
  This topic describes the floating rate products.
• Interest Details
  This topic explains the Interest Details fields.
• Floating Rate Details
  This topic explains the Floating Rate Details
• View Details of the Interest Rules
  This topic describes the summary of interest rules details.
• Waiving an Interest Rule
  You have the option of waiving those rules (defined for the product), which you do not wish to apply on a contract.
• Amending Interest Components
  Once a contract is authorized, any change in details that would affect the financial information of the contract has to be made through the Value Dates Changes function.
• Defining Interest Repayment Schedules
  You can define interest payment schedules for the product. These will be applicable to all contracts involving the product. But at the time of processing a contract you can change the schedules to suit its requirements.
• Defining Interest Payment Schedules for the Product
  This topic describes how to define interest payment schedules for the product.