4.10.4.1 Creating a New Product-Currency Combination and Default Attributes
To create a new Product-Currency combination and default attributes for that. You can click the Add button, and a slide in pop-up will appear with three tabs:
Figure 4-47 Default Attribute Tree Selection
![Default Attribute Tree Selection Default Attribute Tree Selection](img/default-attribute-tree-selection.png)
Core Product Attributes Tab: Here you can select one or multiple products and one or multiple currencies and start defining core product attributes as follows:
- Amortization Type
- Adjustable Type
- Interest Rate Code
- Net Interest Rate
- Original Term
- Original Term Type
Figure 4-48 Core Product Attributes
![In the Core Product Attributes tab, you can select one or multiple products and one or multiple currencies and start defining core product attributes. In the Core Product Attributes tab, you can select one or multiple products and one or multiple currencies and start defining core product attributes.](img/core-product-attributes.png)
Click Apply and move to the Payment Attributes tab.
Payment Attributes Tab: To Define payment attributes, you can select this tab and start filling the following details:
- Payment Frequency
- Payment Frequency Type
- Accrual Basis
- Interest Type
- Compounding Basis
- Payment Amount
- Remaining Number of Payments
Figure 4-49 Payment Attributes
![In the Payment Attributes tab, you can select one or multiple products and one or multiple currencies and start defining payment attributes. In the Payment Attributes tab, you can select one or multiple products and one or multiple currencies and start defining payment attributes.](img/payment-attributes.png)
Click Apply and move to the Adjustable-Rate Attributes tab, which is applicable only for adjustable rate instruments:
Adjustable-Rate Attributes Tab: Here you can define following attributes:
- Repricing Frequency
- Repricing Frequency Type
- Rate Change Rounding Type
- Net Margin
Click Apply and then click Save. The Default Product Attribute for the selected Product-Currency combination is saved.
Figure 4-50 Adjustable-Rate Attributes
![In the Adjustable-Rate Attributes tab, you can define the Repricing Frequency, Repricing Frequency Type, Rate Change Rounding Type, and Net Margin. In the Adjustable-Rate Attributes tab, you can define the Repricing Frequency, Repricing Frequency Type, Rate Change Rounding Type, and Net Margin.](img/adjustable-rate-attributes.png)