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 Editing Agreements

Use

On the Agreement tab page you define the term of an agreement between a bank customer and a bank for a loan account.

Prerequisites

You have activated the Agreement feature and made settings for the product attributes under the Agreement node for the product on which the account is based. You do this in the IMG activity Create Account Product or Change Account Product in Customizing for Account Management (FS-AM) .

Procedure

Choose Create and enter the required data.

Result

You have entered the data for an agreement.

  • Term of Agreement

    You can determine the period of the agreement, of the condition fixing, and of the inpayment agreement independently of each other, and as required. You can use the feature characteristics of a product, however, to specify certain dependencies. These can include, for example, whether the inpayment agreement term must be during the condition fixing period, or whether this is to go beyond the condition fixing period and match the total term of the agreement.

    For more information, see Editing Condition Fixing and Editing Inpayment Agreements .

  • Instruction Date

    The system uses this date to determine the rescission period.