3 Business Rules Administration

This section covers the following topics:

1. Currency module supports the definitions and maintenance of currencies. For more information, see Currencies.
2. Dimension Management facilitates you to categorize data into a single object as a Member; define levels and aggregate data to form the Hierarchies, and distinguish each member by defining the required Attributes. For more information, see Dimension Management.
   • Dimension Members refer to the individual items that constitute a dimension when data is categorized into a single object such as Product, Organization, Time, and so on. For more information, see Members.
   • Attributes refers to the distinguished properties or qualifiers that describes a Dimension Member. For more information, see Attributes.
   • Hierarchies refer to Dimension Members that are arranged in levels, with each level representing the aggregated total of the data from the level below. One dimension type can have multiple hierarchies associated with it. For more information, see Hierarchies.
3. This section covers the procedures to set the Global Preference Settings and User Preference Settings. For more information, see Preferences.
4. Currency Rates module uses the currencies defined and activated in the Currency module to support the creation and maintenance of Historical Exchange Rates. For more information, see Currency Rates.
5. The Interest Rate Curve in PBSM Cloud Service allows you to define and manage complex Yield Curve definitions using multiple Rate Formats and other Rate Attributes to give you data storage capabilities appropriate to your market. The Interest Rate Curve supports the creation and maintenance of Historical Rate Data for each Yield Curve you define. For more information, see Interest Rate Curve.
6. An Economic Indicator is any economic statistic such as the Consumer Price Index (CPI), growth rate of the Gross Domestic Product (GDP), unemployment rate, Purchasing Managers Index, indices of consumer confidence, and so on. For more information, see Economic Indicator.
7. A Holiday is a day designated as having special significance for which individuals, a government, or some religious groups have deemed that observance is warranted and thus no business is carried on this day. For the procedure to create a Holiday Calendar and generate a list of the weekend and holiday dates, see Holiday Calendar.
8. User Defined Behavior Patterns allow you to define Principal Amortization Schedules for Non-Maturity Products in your portfolio. For more information, see Behavior Pattern.
9. User Defined Repricing Patterns provide a mechanism to capture Instrument Repricing Patterns that are too complex to be accommodated through the use of the Standard Account Table Fields. For more information, see Repricing Patterns.
10. User defined payment patterns allow you to define custom repayment patterns for products in your portfolio. For more information, see Payment Pattern.
11. A Prepayment Rule contains methodologies to model the prepayment behavior of various amortizing instruments and quantify the associated Prepayment Risk. For more information, see Prepayment Rules.
12. Prepayment Mod­els can be referenced by a Prepayment Rule to Model Prepayment Behavior of instruments based on a range of instrument level attributes. For more information, see Prepayment Models.
13. The Behavior Pattern Rule UI allows you to group Behavior Pattern codes (behavioral assumptions) together in a set at the Product/Currency level which then can be rotated to select a value on a combination. For more information, see Behavior Pattern Rules.
14. Forecast Rate scenario assumptions allow you to define future interest rates, future economic indicators, and future currency exchange rates. Use interest rate forecasts to project cash flows, including pricing new business, re-pricing existing business, calculating prepayments, and determining discount methods. Use Economic Indicator forecasts to include in behavioral modeling and scenario/stress analysis. Use currency exchange rate forecasts to account for the effects of currency fluctuations on income.For more information, see Forecast Rates.
15. This module describes the procedure for working with and managing Discount Method Rules. Discount Method Rules allow users to define the method for discounting projected Cash Flows for mar­ket value and duration calculation purposes. For more information, see Discount Methods.
16. Filters allow you to select data using the defined expressions. For more information, see Filters.
17. This module discusses the procedure for creating and executing the Cash Flow Process. When all the required assumptions are defined, CFE Processing performs the calculation and generates a result set. For more information, see Cash Flow Process.