5.5 Managing Offer Rate Definition

The Offer Rate Definition window enables you to manage the Offer Rate for the Pricing Definition.

To access the Offer Rate Definition screen, click Price Creation and Discovery, and then select Offer Rate Definition.

The Offer Rate Definition Summary screen is displayed.

Figure 5-20 Offer Rate Definition

Based on eligibility criteria, the Offer Rate Definition defines the offer rates that can be provided to the customers. Multiple offer rates can be provided based on the eligibility and each offer rate should be distinct and not duplicated. The system checks for the following conditions to identify the duplication of an Offer Rate:

• If the Offer Rate condition is similar to another Offer Rate Condition within the same definition.
• If there is any overlap in the effective dates. The following are the two conditions:
  • The Effective Start Date of created criteria is greater than the Effective Start Date of existing criteria but less than the Effective End Date of the same existing criterion.
  • The Effective End Date of created criteria is greater than the Effective Start Date of existing criteria but less than the Effective End Date of the same existing criterion.
• If the offered parameter in an Offer Rate is the same as in another Offer Rate. The order of offer parameters is immaterial.
• If the corresponding attributes of the offer parameters, that is, amount reduction/percentage reduction are similar to those of another Offer Rate within the definition.
• If the corresponding tenure of offer parameters is similar to that of another Offer Rate within the definition.

If all of the above conditions are met, then the offer is a duplicate. An error message is displayed when duplication occurs indicating that the two offers clash. You can either edit the offer or delete it.

You can define the Offer Rates using following methods:

• Using the Excel upload method
• Manual method