Defining Tiering Setup of a Rate Component

Prerequisites

To define tiering setup of a rate component, you should have:

  • Rate schedules defined in the application

  • Rate components of the rate schedule defined in the application

Procedure

To define tiering setup of a rate component:

  1. Click the Menu (The Menu Icon) icon in the Application toolbar.
    A drawer appears.
  2. From the Main menu, select Rates and then click Rate Definition.
    The Rate Definition screen appears.
  3. Select the rate schedule in the Rate Schedule Components zone.
  4. Click Search.
    The rate components of the rate schedule appear in the Search Results section.
  5. Click the Broadcast (The Broadcast Icon) icon corresponding to the rate component whose tiering setup you want to define.

    The Create/Edit Rate Definition zone appears. It contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Rate Schedule Displays the rate schedule. Not applicable
    Rate Component Description Displays the description of the rate component. Not applicable
    Effective Start Date Displays the date from when the rate version to which the rate component belongs is effective. Not applicable
    Rate Component Sequence Displays the sequence number of the rate component in the rate schedule. Not applicable
    Tiering Type Used to specify the tiering type. The valid values are:

    • FLAT

    • STEP

    • THRESHOLD

    Note: This field is non-editable when you edit the tiering setup of the rate component.
    		 Yes
    Rate Component Map Description Used to specify the description for the tiering setup of the rate component. For example, if you want the user to enter price per transaction for a tiering range, enter Price Per Transaction in the Rate Component Map Description field. Yes
  6. Select the tiering type from the Tiering Type list.
  7. Enter the description for the tiering setup of the rate component in the Rate Component Map Description field.
    For example, if you want the user to enter price per transaction for a tiering range, enter Price Per Transaction in the Rate Component Map Description field.
  8. Click Save.
    The tiering setup of a rate component is defined.
    Note: The rate component map ID is generated automatically when you define the tiering setup of the rate component.

Related Topics

For more information on... See...
Rate Definition screen Rate Definition
Rate Schedule Components zone Rate Schedule Components
Create/Edit Rate Definition zone Create/Edit Rate Definition