18 Product Characteristics
Product Characteristic Rules are used to define payment, pricing, and repricing characteristics for new business. They are also used to specify general calculation attributes for both existing accounts and new business.
The procedure for working with and managing Product Characteristics is similar to that of other Asset Liability Management business Rules. It includes the following steps:
- Search Product Characteristic Rules. For more information, see the Searching for Rules section.
- Creating Product Characteristic Rules
- View and Edit Product Characteristic Rules. For more information, see the View and Edit the Rule section.
- Copy Product Characteristic Rules. For more information, see the Copy the Rule section
- Delete Product Characteristic Rules. For more information, see the Delete the Rule section
As part of creating and editing Product Characteristic Rules, you assign product attribute assumptions to applicable products from the product hierarchy.
Note:
Oracle Asset Liability Management provides the option to copy, in total or selectively, the product assumptions contained within ALM business Rules from one currency to another currency or a set of currencies or from one product to another product or a set of products.