Previous Next JavaScript must be enabled to correctly display this content

## 1.8.1 Create IC Rate Code Maintenance

This topic describes the systematic instructions to configure the IC rate code maintenance details.

1. On Home screen, click Interest and Charges. Under Interest and Charges, click IC Rate Code Maintenance.
2. Under IC Rate Code Maintenance, click Create IC Rate Code Maintenance.
   The Create IC Rate Code Maintenance screen displays.

   Figure 1-19 Create IC Rate Code Maintenance

   Description of "Figure 1-19 Create IC Rate Code Maintenance"
3. Specify the fields on Create IC Rate Code Maintenance screen.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 1-18 Create IC Rate Code Maintenance - Field Description

   Field | Description
   --- | ---
   Rate Code | Specify the rate code. Each IC rate code is defined by an alphanumeric code. Effective rates are maintained for the rate code which is then linked to a product. When a contract is processed, the rates maintained for the rate code (with the effective date) linked to the product is applied on the contract, some of which can be changed.
   Rate Code Description | Specify the rate code description.
   Branch Restrictions | Select the restrictions to maintain the IC rates for a branch is subject to whether maintenance of IC Rates is allowed for the branch and also whether the rate code for which attributes are being defined is allowed for the branch. The available options are: Allow Disallow The user can maintain a list of allowed branches (that is, the rate code is available for use in the allowed list of branches) or disallowed branches (the rate code will not be available for use in the branches in the disallowed list). To recall, the IC rates for the code are maintained in the Interest and Charges Rates Maintenance screen for a rate code, branch and currency combination.
   Branch Code | Click Search button to view and select the branch code to maintain a rate code for a specific branch.

4. Click Save to save the details.
   The user can view the configured IC rate code maintenance using View IC Rate Code Maintenance screen.

Parent topic: IC Rate Code Maintenance