33.2.2 Defining a Product: An Example

To define a product:

  1. Select a standard Product using the hierarchy Browser.

    Figure 33-3 Hierarchy screen


    The Hierarchy screen allows you to select the product hierarchy.

  2. Select the corresponding currency.
  3. Define the properties of the Product in the Main tab.

    Figure 33-4 Product Definition – Main Tab


    The Product Definition Main tab allows you to select the Product Properties.

  4. Define the properties of the Product in the Terms tab.

    Figure 33-5 Product Definition – Terms Tab


    The Product Definition – Terms Tab allows you to enter and select the Terms for the product.

    Note:

    Under a single product/currency selection, users may define multiple combinations of Original Term, Payment Frequency, and Repricing Frequency. This is done by adding records using the "+" icon. Multiple records are useful when generating daily pricing sheets, where the standard product has multiple terms. For example, the product could be "Term Deposits", but users may want to view the daily FTP Rates for each available term, for example, 3 months, 6 months, 12 months, 18 months, and 60 months. This example is possible by adding and defining 5 records under a single product/currency selection. For more information on the meaning of each of these fields, see the OFS Cash Flow Engine Reference Guide.
  5. Check Rate Lock Option Cost Inputs to set up and calculate Rate Lock Option Costs.

    Figure 33-6 Rate Lock Option Cost Inputs


    This screen allows you to enter the Rate Lock Option Cost inputs for the product.

  6. Click Save.

    Note:

    On save of each Product (Main and Terms), one or more record(s) will be inserted in fsi_m_prod_characteristics table. When Multiple terms are defined for each product, multiple entries will be inserted into the fsi_m_prod_characteristics table. After the completion of the first task tpol.sh run, fsi_pm_generated_instrmts table is populated.