22.1 Create Prepayment Rules

You create a Prepayment Rule to define prepayment assumptions for new products.

To create a new Prepayment Rule, follow these steps:

• Navigate to the Prepayment rule summary page.
• Complete standard steps for this procedure.

Note:

In addition to the standard steps for creating rules, the procedure for creating a Prepayment rule involves one extra step. After Standard Step 6, you can select a product hierarchy. You can define methodologies at any level of the hierarchical product dimension. The hierarchical relationship between the nodes allows inheritance of methodologies from parent nodes to child nodes.