Creating a Product

Use

You create a product so that you can use this as a basis for loans contracts. A product can have one or more versions. You use these to represent the development of a product over time. When creating a new product, you can use any version of an existing product as a template.

Note Note

You can only use this function for loans that are based on the following product categories:

  • Consumer Loan (340)

  • Installment Loan (360)

    Note Note

    Within Loan Origination you can use products and condition tables for additional product categories. For more information, see Products and Conditions for Loan Origination .

    End of the note.
End of the note.

Prerequisites

You need to have completed the following IMG activities in Customizing:

  • In the IMG activity Define Product Types you have created the product type for which you want to create a product.

    You can also specify whether the system is to check changes to a loan from this product type against the product.

  • Under Define Prefix you have defined a prefix for creating the internal product ID, and the attribute ID.

  • If you want to assign customer attributes, you need to have assigned these under Product Category-Specific Settings for each product category . You can also determine the basic settings for the attributes here.

Procedure

  1. In the SAP Easy Access menu choose Start of the navigation path Accounting Next navigation step Bank Applications Next navigation step Loans Management Next navigation step Current Settings Next navigation step Consumer Loan or Installment Loan Next navigation step Products and Conditions Next navigation step Product Next navigation step Create End of the navigation path .

    Note Note

    For more information about the paths that you need to use for processing products, condition tables, and condition assignments within Loan Origination , see Products and Conditions for Loan Origination .

    End of the note.

  2. You have to enter a technical name for the new product.

    If you want to copy an existing product, specify the reference product and the product version that you want to copy.

  3. Choose Start of the navigation path Product Next navigation step Create End of the navigation path

    The validity period is set by default in this screen as follows, but you can change it if you need to:

    Valid from : Current date

    Valid to : 12/31/9999

    Enter the required data and choose Attribute Overview.

    Note Note

    The system can only offer the product description in the input help when you change, display or delete a product if you have entered the description in the logon language.

    In order to create a product description in a different language you have to log on to the system in the respective language and enter the product description in the logon language.

    End of the note.

    The attribute hierarchy is displayed with all the available attributes. You can edit the attributes in the following way:

    • Activate or deactivate the attribute for the product

    • Activate or deactivate the changeability of an attribute in the contract

    • Determine the properties of an attribute

      For more information, see Editing Product Attributes .

  4. Choose Save.

Result

A version of the product is created with the status parked/new product .

You can flag the version for activation and/or activate it.

You can assign a condition table to the product by creating the corresponding condition assignment.

See also

Product

Condition Table

Condition Assignment