Defining Earnings Credit Rate Eligibility for an Account

Prerequisites

To define an earnings credit rate eligibility for an account, you should have:

  • Accounts defined in the application.

  • Expiration cycle defined in the application.

  • Financial transaction distribution type defined in the application.

Procedure

To define earnings credit rate eligibility for an account:

  1. Click the Menu link in the Application toolbar.
    A list appears.
  2. From the Main menu, select Customer Management and then click Earnings Credit Rate Eligibility.
    The Earnings Credit Rate Eligibility screen appears. It contains the following section:

    • Main - Used to add the basic details about the earnings credit rate eligibility for an account. This section contains the following fields:

      Field Name Field Description Mandatory (Yes or No)
      Earnings Credit Rate ID Displays the earnings credit rate ID. Not applicable
      Account ID Used to search for a particular account.
      Note: The Search (The Search Icon) icon appears corresponding to this field. On clicking the Search icon, the Account Search window appears.
      		 Yes
      Earnings Credit Rate Eligible Used to define whether an earned credit rate can be calculated and created for the account or not. No
      Offset Eligibility Used to define whether the credit or debit amount on the financial transaction distribution object can be offset against the source account, other accounts of the source customer, or against the accounts identified in the distribution hierarchy. No
      Offset Distribution Type Used to search the financial transaction distribution type which would be used to offset the credit or debit amount from another account. If this field is left blank, then the financial transaction distribution type for the earning credit rate source account will be used.
      Note:

      This field is enabled when the Offset Eligibility check box is selected. This field is enabled when the Offset Eligibility check box is selected.

      The Search (The Search Icon) icon appears corresponding to this field. On clicking the Search icon, the Financial Transaction Offset Distribution Type FK Search window appears.

      		 No
      Account Distribution Priority Used to indicate the priority in which the account should be considered while distributing the credit or debit amount on the financial transaction distribution object. No
      Expiration Cycle Used to indicate the expiration cycle for the account. Yes
  3. Enter the required details.
  4. Click Save.
    The earnings credit rate eligibility is defined for the account.

Related Topics

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Earnings Credit Rate Eligibility screen Earnings Credit Rate Eligibility