Create Pricing Model

On Homescreen, click Core Maintenance, under Core Maintenance, click Credit Decision.

Under Credit Decision, click Maintenance, under Maintenance, click Pricing Model, under Pricing Model, click Create Pricing Model.

The Create Pricing Model screen displays.

Figure 3-52 Create Pricing Model

Description of "Figure 3-52 Create Pricing Model"

On Create Pricing Model screen, specify the fields.

Note:

The fields marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-58 Create Pricing Model - Field Description

Field	Description
Pricing Code	Specify the unique pricing code.
Pricing Description	Specify a short description for the pricing.
Effective Date	Specify the effective date.
Expiry Date	Specify the expiry date.
Product Processor	Specify the product processor for which the pricing is being created.
Priority	Specify the priority of the pricing.

Click the Selection Criteria to define pricing model.

The Create Pricing Model - Selection Criteria screen displays.

Figure 3-53 Create Pricing Model – Selection Criteria

Description of "Figure 3-53 Create Pricing Model – Selection Criteria"

For more information on fields, refer to the field description table.

Table 3-59 Create Pricing Model – Selection Criteria - Field Description

Field	Description
Use Existing Rule	By default, this option is enabled. Indicates if the existing rule is linked.
Rule Code	Select the rule code from the drop-down list.
	Click this icon to get the information about the rule.
Rule Name	Displays the rule name of the rule code.
Create New Rule	Select this option to create new rule.
Code	Specify the rule code.
Description	Specify the rule description.
+ icon	Click this icon to add new expression.
Fact / Rules	Select the fact or rule from the drop-down list. Once the user selects the fact/rules, one more field opens adjacent to the output, update the same based on the selected output option.
Operator	Select the comparison operator from the drop-down list. The available options are: < > + = % != - >= <= * / Contains In Matches NotMatches NotContains Notin
Data Type	Select the data type for the fact or rule. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
Output	Select the output from the drop-down list. Once the user select the data type, one more field opens adjacent to the output, update the same based on the selected output option. The available options are: Text Number Boolean Date Fact Rules The below option appears if the Data Type is selected as Boolean. True False
Expression	Displays the expression updated in the expression builder.

Click Price Definition to define the pricing.

Select the Rate Type options as Flat to specify the flat rate.

The Create Pricing Model – Price Definition (Flat) screen displays.

Figure 3-54 Create Pricing Model – Price Definition (Flat)

Description of "Figure 3-54 Create Pricing Model – Price Definition (Flat)"

For more information on fields, refer to the field description table.

Table 3-60 Create Pricing Model – Price Definition (Flat) - Field Description

Field	Description
Minimum Rate	Specify the minimum rate applicable for the defined pricing code.
Maximum Rate	Specify the maximum rate applicable for the defined pricing code.
Rate Type	Select the rate type from the drop-down list as Flat.
Link a Rule?	Select the option whether to link a rule to derive the price. The options are: Yes No
Rate %	Specify the interest rate application for the defined pricing. This field displays once you select the Rate Type option as Flatand Link a Rule? option as No.
Rule	Select the rule for the defined pricing from the drop-down list. This field appears once you select the Rate Type option as Flat and Link a Rule? option as Yes.

Select the Rate Type options as Tiered to link the list of features.

Click Add Columns to select and link the features.

The Add Features screen displays.

Figure 3-55 Add Features

Description of "Figure 3-55 Add Features"

Select the feature names from the list. (‘n’ number of features can be selected)

Select the option whether to link a rule for defining the interest rate.

Click Save to link the list of features for defining the tiered interest rate.

The Create Pricing Model – Price Definition (Tiered) screen displays.

Figure 3-56 Create Pricing Model – Price Definition (Tiered)

Description of "Figure 3-56 Create Pricing Model – Price Definition (Tiered)"

For more information on fields, refer to the field description table.

Table 3-61 Create Pricing Model – Price Definition (Tiered) - Field Description

Field	Description
Minimum Rate	Specify the minimum rate applicable for the defined pricing code.
Maximum Rate	Specify the maximum rate applicable for the defined pricing code.
Rate Type	Select the rate type from the drop-down list as Tiered.
<Numeric Feature> From	Specify the minimum numeric value of feature to which the interest rate is applicable.
<Numeric Feature> To	Specify the maximum numeric value of feature to which the interest rate is applicable.
<Character Feature> Value	Specify the alphabetic value for which the interest rate is applicable.
Rate %	Specify the interest rate applicable for the defined tier. This field appears once you select the Rate Type option as Tiered and Link a Rule? option as No.
Rule	Select the rule for the defined tier from the drop-down list. This field appears once you select the Rate Type option as Tiered and Link a Rule? option as Yes.

Click Save to save the details.

The Pricing Model is successfully created and can be viewed using View Pricing Model screen.