To create a scaled condition, you need to create a condition item for every level of the condition or for every interval. In the field amount limit , specify what limits apply for the level.
If you activated the Amount To field when you created the condition, then it applies to up to and including the amount entered. The next level above begins after this amount has been reached. If you did not activate the field, the specified amount is the lower limit for the level.
Example
Example:
The credit interest for an account is to be 2% for a balance of 5,000 USD and 4% for a balance of 10,000 USD.
There are two options for creating the condition items:
If the indicator
Amount To
is not activated:
Scale |
Amount limit |
Interest rate |
1 |
5,000 |
2% |
2 |
10,000 |
4% |
This is the usual procedure, which is clarified below in an illustration of what happens when the
Amount To
indicator is set:
Scale |
Amount limit |
Interest rate |
1 |
5,000 |
0% |
2 |
10,000 |
2% |
3 |
99,999,999,999 |
4% |
However, this option is only useful if the amount for which interest is to be calculated is to have an upper limit.
You can specify the valid to date only for the first scaled condition item, which is entered automatically for the other items.
For debit and credit interest, and interest penalty, you can either create a scaled calculation based on the current balance, or a scaled calculation based on the contract amount.