33 FTP Rate Card

Rate card functionality allows the users to select standard products for viewing in their daily FTP Rate report.

Administrators schedule a daily FTP run for the selected set of standard products and end users can view daily rates for relevant standard products by defining their Daily rate card reports. Rate cards are used for informational purposes only. They are used to give an idea of the prevailing transfer rates as per the current market scenario before actual transactions take place, unlike a Standard Transfer Pricing Process where a bank runs at the end of each month to generate Transfer Rates for each booked instrument record.

To understand the use case better, think of a situation where a user (Bank Personnel, Account officer, so on) wants to refer to the current cost of funds rate before the transaction rate is quoted. Having access to this up-to-date information allows the banker to be pro-active with their pricing decisions having full knowledge of the cost of funds and prospective rate spread before quoting a rate to the customer.

Topics:

• Setting up a Product
• Rate Report Templates
• Defining a Rate Report
• Viewing Rate Card Report

• Setting up a Product
  Product setup allows Administrators to define the default Product Characteristics for standard products. The Administrator will define these assumptions for Products during the application setup through the provided user interface.
• Setting up Batch Execution of Rate Card
  For the defined Products to become “dummy” instrument records and for these records to be Transfer Priced, a Batch process is required. The following steps describe how to create the required batch process.
• Rate Report Templates
  Rate Card Report templates help you to create a customized Rate Card Report by choosing the columns you want to see in your report. These columns can include/exclude standard out of the box columns as well as other columns that are properly registered. Following is the updated flow with an extra (new) step of defining column templates, while defining Rate Card Report:
• Defining a Rate Report
  The Rate Card window allows users to select the set of standard products, report templates and the relevant historical date range to include in their report.
• Viewing Rate Card Report
  Rate Card report is available upon successful completion of the Pricing Run.