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Define
Time-Based Terms
In this activity you specify how the system
determines an interest rate for each interest indicator. You can make these
settings based on the currency and a validity date.
Each entry is assigned a term that determines
the type of interest that is calculated (debit or credit interest).
You also specify the interest rates that you
want to use. You can:
- Specify a reference interest rate for which
the interest rate is defined.
- Specify the required interest rate directly in
the Premium field without specifying a reference
interest rate.
- Specify a reference interest rate and an
interest rate in the Premium field. The interest
premium is added to the reference interest rate during interest
calculation.
- You can graduate interest rates by specifying
an amount in the Amount from field.
Activities
1. Make the
required specifications for each interest indicator.
2. After having
specified a reference interest rate, ensure that it is defined in the
following steps.