4.3.8.3 Create Forecast Rate Rule

To create a new Forecast Rate Rule, follow these steps:

1. Navigate to Forecast Rates Summary Page.
2. Click Add icon. The Forecast Rates Details Page is displayed.
3. Enter the following Details

   Table 4-49 Forecast Rate Rule – Fields and Descriptions

   Field	Description
   Name	Enter the name of the Forecast Rate Rule.
   Description	Enter the description of the Forecast Rate Rule. This is an optional field.
   Folder	Select the Folder where the Forecast Rate Rule needs to be saved.
   Access Type	Select the Access Type as Read-Only or Read/Write.
   IRRBB Shock	Select this checkbox if you want to define IRRBB Scenario. This option is available only in Asset Liability Management Cloud Service. If selected, IRRBB standardized and enhanced approach scenario types can be created.
   Reporting Currency	Currencies that were marked as ‘Reporting Currency’ in Rate Management appear for selection here. Select one Reporting Currency.

   .
4. Scenario 1 is selected by default. You can change the name of scenario. Click + to add more scenario, if needed. More than one scenario can be created only in Asset Liability Management Cloud Service.
5. Scenario Type is ‘None’ by default. When IRRBB Shock is enabled then you can select one of the available values from second scenario onwards.
6. Click Save, if you want to save the Forecast Rate Rule and update it later.