Condition Table
Definition
A condition table contains standard conditions, and is assigned to one or more products by way of condition assignment. The standard conditions contained in the table are valid for all the contracts you create on the basis of the corresponding product.
A condition table has the following properties:
It can exist in the form of different versions
It contains a status management function
It is protected by an authorization check
It is incorporated in the release procedure
It is defined by conditions
Use
You can use the condition table to determine conditions in the loans management area of your company. By assigning condition tables to your products, you apply interest and charge conditions to them. These are used by the system when you create a contract or carry out business operations.
When you create contracts, the system transfers the conditions from the condition table to the contract. You can change these within the tolerance limits defined in the table.
When you carry out business operations, the system uses the conditions from the condition table to calculate the interest and charges that apply for the business operation.
NoteYou can only use the condition table functions for loans that are based on the following product categories:
Consumer Loan (340)
Installment Loan (360)
End of the note. NoteWithin
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.
Structure
Data
In addition to the general data that applies to all versions, such as the condition group or the authorization group, you also define data for the version, such as the validity period of the version. Additional version data is also displayed, such as the version number or the version status.
NoteThe condition table is assigned to a condition group that you have defined, and can only use condition types from this group as the basis for conditions.
A condition table has one or more versions.
End of the note.Conditions
The conditions for the condition table are based either on condition types or on flow types:
The system uses condition types to create contracts. Some possible conditions are:
Nominal Interest
Settlement Charge
Interest on Arrears
The system uses flow types to perform business operations. Some possible conditions are:
Deferral Interest
Deferral Charges
Charges for Capitalization of Overdue Items
A condition has one or more condition items.
Condition Items
You can use condition items to represent condition steps.
You can determine several condition steps for the nominal interest and the charge for concluding a contract, in conjunction with the amount of the loan and/or the term, for example.
You can determine only one condition item for deferral interest and the charge for deferrals and capitalization of overdue items.
Status
A condition table can pass through several different statuses; it is
saved
and/orflagged for activation
and can then beactivated
. You can also create additional versions for a condition table, which you can also save and/or flag for activation and then activate. NoteYou determine a validity period for the version. Initially, a version is valid for an unlimited period of time, unless you specify a
Valid to
date.When you create an additional version, the system sets the valid-to date for the previous version to the
Valid from
date of the new version minus one calendar day.End of the note.The condition table is linked to a staggered release procedure based on the principle of multiple control. For more information, see Release .
The following statuses are possible:
Status
New
When you create a condition table or a new version the system saves the data you enter.
You can still change the version without having to create a new version. You need to adjust the
Valid from
date of this version to the current date or to a date in the future.In this status the condition table is not considered when contracts are created or when a business operation is executed.
Status
Flagged for Activation
If the release procedure is activated, a version with status
New
has been flagged for activation so that it can be released, in other words activated, by another employee in theBusiness Workplace
.You can still change the version in this status without having to create a new version. You need to adjust the
Valid from
date of this version to the current date or to a date in the future.In this status the condition table is not considered when contracts are created or when a business operation is executed.
Status
Active
A version in status
New
has been activated or, if the release process is activated, it has been flagged for activation and released in theBusiness Workplace
.You can no longer change this version. You can create a new version, however.
If the version has status
Active
, the condition table is assigned to a product and the condition assignment has been activated, the system takes the condition table into account when new contracts are created or when a business operation is executed.Status
Deleted
You delete a version in status
Active
by creating and activating a new version for this version that has the sameValid from
date as the previous version.
NoteIf the
Valid to
date of an activated version is the same as or is after theValid from
date of a new version, the system limits the validity period of the old version so that the time periods do not overlap. However, both versions must have a differentValid from
date.End of the note.
Integration
You use a condition assignment to assign a condition table to one or more products .