16 Default Product Profiles

Product Characteristic setup can be a time-consuming process as there are more than 40 attributes that can be required when defining characteristics for dimension members in the product COA hierarchy. Product Profiles allow you to pre-define and save common product definitions and reference these definitions while defining your Product Characteristic assumptions. Setup time is reduced because product profiles provide common default values for the majority of required fields. The following Product Profiles are seeded during installation:

  • Bond – Adjustable Rate
  • Bond – Fixed Rate
  • Credit Card
  • Discount Instrument
  • Lease
  • Loan – Adjustable Rate
  • Loan – Fixed Rate
  • Loan – Floating Rate
  • Loan – Neg Am
  • Savings
  • Term Deposit
In addition to the seeded profiles, you can add custom product profiles to your setup by creating completely new profiles or by using the Save As option with one of the existing profiles.

Note:

The seeded Product Profiles are not editable and cannot be deleted.

The procedure for working with and managing Product Profiles is similar to that of other Asset | Liability Management business rules. It includes the following steps: