Show TOC

Object documentationStandard Condition

 

A condition in a condition group that applies to all contracts of a product to which the condition group is assigned. Unlike the individual condition that applies only to a particular contract, the standard condition applies to multiple contracts.

You define standard conditions in the area menu of your application in transaction F9COGR2 - Edit Condition Group.

 

When you create standard conditions in a condition group and assign the condition group to a product, you define the conditions for the interest, charges, and dates of a product. If you create a contract for a product, the standard conditions in the corresponding condition group automatically apply. You can thus use the condition group to assign standard conditions to multiple contracts.

Note Note

If you change a standard condition (transaction F9COGR2), this affects all contracts that are assigned with the condition group (condition group change).

For information about how to create standard conditions, see Editing Condition Groups.

End of the note.

If you do not assign a product with a condition group, the contracts in that product are based on individual conditions only. You can create individual conditions based on any of the standard conditions defined in the system. You can do this in your application in contract editing, on tab page Financial Conditions.

Integration

An individual condition can override a standard condition. For more information about individual conditions, see Individual Condition in the Integration section.

Example

The debit interest for the junior checking account product is to be 10.50 % p.a. The interest rate is to apply from 02/01/2002. A limit has not been set for the validity period. The contract currency is EUR.

Condition description

Debit interest for junior checking account

Currency

EUR

Valid from

02/01/2002

Interest Calculation Method

act/360

Percentage Rate

10.5