1. Asset Liability Management Cloud User Guide
  2. Business Rules Administration
  3. Application Specific Rules
  4. Forecasting Rules
  5. Transaction Strategy Rules
  6. Defining Transaction Strategy Rule
  7. Defining Transaction Strategy Rule Using Node Level Assumptions

5.3.2.6.2.1 Defining Transaction Strategy Rule Using Node Level Assumptions

Node Level Assumptions allow you to define assumptions at any level of the Product dimension Hierarchy. The Product dimension supports a hierarchical representation of your chart of accounts, so you can take advantage of the parent-child relationships defined for the various nodes of your product hierarchies while defining rules. Children of parent nodes on a hierarchy automatically inherit the assumptions defined for the parent nodes. However, assumptions explicitly defined for a child take precedence over those at the parent level.

Note:

Using the default currency to setup assumptions can save data input time. At run time, the calculation engine uses assumptions explicitly defined for a product currency combination. If assumptions are not defined for a currency, the engine uses the assumptions defined for the product and the default currency. If the assumptions are the same across some or all currencies for a specific product, you can input assumptions for the default currency. Be careful using this option on screens where an Interest Rate.

Prerequisites

Performing basic steps for creating or editing a Transaction Strategy rule.

Procedure

To define Transaction Strategy Rule using Node Level Assumptions, follow these steps:

  1. Click Add Row button on Create Transaction Strategy page. This section also displays the selected Active Node and Node Account Type.
  2. Select Attribute Source as Product Characteristics or Detail Data Record. Based on selected Attribute Source, Transaction Template drop-down gets updated.
    • If you select Attribute Source as Product Characteristics, then select the Product Characteristics definition from Transaction Template and click Define Transaction Attribute. You can change currency also if required.
    • If you select Attribute Source as Detail Data Record, then search Data Record using Search button and click Define Transaction Attribute. You can change currency also if required.
  3. After selecting Transaction Template and clicking Define Transaction Attribute, the Define Transaction Attribute window is displayed. The Define Transaction Attribute window has following sections:
    • Core Attribute
    • Behavior Specifications
    • Pricing Attributes
    • Payment Attributes
    • Rate Attribute
    • Inflation Indexed Instrument Attributes*
    • Embedded Option Attributes**

    Note:

    * This section is activated when you select Inflation Indexed Instrument Attributes check-box from Core Attribute section. ** This section is activated when you select Embedded Option Flag check-box from Core Attribute section.