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Object documentationAmount Category 105060 - Interest Penalty

 

You use this amount category to map a compensation that is debited to the customer if he or she makes an early withdrawal from his or her savings deposits.

Structure

Basic Data

The following fields are always available for editing a condition with the amount category 105060 (Interest Penalty):

  • Condition form

  • Reference condition type

  • Percentage

Specification of the Interest Rate

If you do not make an entry in the Reference Condition Type field, the following fields are also available:

  • Interest calculation method

  • Interest calculation

  • Interest calendar

    If you choose the value actW/252 in the Interest Calculation Method field, the system displays the Interest Calendar field.

  • Rounding type

  • Rounding unit

  • Payment currency

  • Time unit for the interest rate

  • Interest settlement frequency

    If you choose the value X (Exponential) in the Interest Calculation field, the system displays the Interest Settlement Frequency field.

  • Reference interest rate

  • Absolute/relative markup/markdown for reference interest rate

  • Markup/markdown reference interest rate

  • Minimum interest rate

  • Maximum interest rate

  • Formula

The following fields are available, if you select the checkboxes Percentage-Based Reduction and Amount-Based Reduction in the dialog structure Amount Category in condition type Customizing for your application:

  • Reduction of percentage rate

  • Reduction of amount

  • Reduction of reference interest rate

  • Reduction of minimum interest

  • Reduction of maximum interest

More Information

Editing the Interest Penalty Group Box

Amount Category