2.58 Process Rate Maintenance

This topic provides the systematic instructions to maintain the interest rate details for hedge funds.

  1. On Home screen, type UTDRATES in the text box, and click Next.
    The Rate Maintenance screen is displayed.

    Figure 2-68 Rate Maintenance


    Description of Figure 2-68 follows
    Description of "Figure 2-68 Rate Maintenance"

  2. On Rate Maintenance screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 2-62 Rate Maintenance - Field Description

    Field Description
    Rate Code

    Alphanumeric; 10 Characters; Mandatory

    Specify the rate code applicable for hedge fund or select the rate code from the option list provided. All rate codes maintained for the system parameter RATECODE get displayed in the option list.

    Currency Code Alphanumeric; 3 Characters; Mandatory

    Specify currency code related to the hedge fund or select the same from the option list provided. All valid currency codes maintained in the system get displayed in the option list.
    Effective Date Date Format; Mandatory

    Specify the date on which the selected rate code becomes effective in the system. You can select the date by clicking the Calendar icon provided.

    Rate Numeric; 10 Characters; Mandatory

    Specify the interest rate to be applied for hedge funds. The rate specified here becomes effective on the Effective Date indicated previously.

Operations on Interest Rate Details

Perform the following operations on an interest rate record.

  1. New – an unauthorized record will be created. If you have rights for auto Authorization, the record will be authorized
  2. Modify – an unauthorized record can be modified by the maker (edit rights required)
  3. Delete – an unauthorized record can be deleted by the maker. You can not delete the unauthorized record created by amendment (delete rights required).
  4. Authorize – an unauthorized record can be authorized by anyone other than the maker (authorize rights required)
  5. Amend – you can also amend a rate record, if required

Parent topic: Maintain Reference Information