17.2.1 Procedure

From the Assumption Browser screen, select the product(s) and the currency for which you want to define Product Characteristics and select the “Add New” button to launch the Product Characteristic Details screen.

To define a Product Characteristics rule, follow these steps:

1. Choose the Currency.

   Note:

   To define assumptions for all currencies with the selected product, choose the “Default Currency”.
2. From the Assumption Browser, choose the product or products that you want to define.
3. Select the Add Assumption icon.
4. Type a value for each mandatory field. Mandatory input fields are marked with a red asterisk.

   Note:

   You can optionally select one of the seeded Product Profile templates or a user-defined Product Profile to pre-populate the appropriate Product Characteristic fields.
5. From the File menu, select Save.

   Tip:

   Using the default currency to set up 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 Code is a required input. In most cases, you will want to use currency-specific interest rate curves for pricing instruments within each specific base currency. The Default Currency option, if used will apply a selected Interest Rate Code across all currencies.