Product Factory System Parameters

Here's the list of system parameters used by Banking Product Factory, along with their description:

DefaultCurrencyBankingProduct

It represents the default currency automatically filled in when creating a banking product. You can change the value at the banking product level, or you can change the default value from this parameter according to your financial institution's needs.

Module that uses the system parameter: Banking Product

Parameter type: Lookup. To entity: FTOS_CMB_Currency

Default value: EUR

ManualPenaltyInterestList

The parameter holds the penalty interest list used for penalty calculation for manual repayment notifications that are not linked to a contract in Core Banking.

Module that uses the system parameter: Banking Product

Parameter type: Lookup. To entity: InterestList

Default value: ManualPenaltyInterestList

ReconciliationAccountTreatment

Specifies how Core Banking treats situations when the funds of the reconciliation account associated with the banking product used in the contract would go below zero if a disbursement event would be approved.

• For NoMessage value, there is no error or warning message displayed if the disbursement event that is being approved would result in a negative balance of the associated reconciliation account. The event can be approved and the balance can go below zero.
• For Warning value, there is a warning message displayed if the disbursement event that is being approved would result in a negative balance of the associated reconciliation account. The event can be approved and the balance can go below zero.
• For Error value, there is an error message displayed if the disbursement event that is being approved would result in a negative balance of the associated reconciliation account. The event can't be approved and the balance can't go below zero.

This is a system-wide setting, applicable to events for contracts based on all banking products without a specified Negative balance treatment value. Core Banking also takes into consideration the settings used at the banking product level (the Negative balance treatment field's value next to Reconciliation Account). Thus, if the value is specified at the banking product level, then that value takes precedence over the system parameter's setting.

Module that uses the system parameter: Banking Product

Parameter type: Option Set. Values from option set: WarningErrorTreatment

Default value: Warning.

ThirdPartyRole

It contains the list of allowed roles to choose from in the third-party agreement form.

Module that uses the system parameter: Banking Product

Parameter type: Text

Default value: Merchant,Insurer,Broker,Agent

YearsForBankingProductAvailability

It specifies the default availability in years of a banking product. This is automatically filled in when creating a banking product. You can change the value at the banking product level, or you can change the default value from this parameter according to your financial institution's needs.

Module that uses the system parameter: Banking Product

Parameter type: Whole Number

Default value: 5

Follow these steps to create new system parameters to be used with Banking Product Factory:

1. Click Insert button on the Product Factory System Parameter page to display the System Parameter page.

2. Fill in the following fields:

   

   • Name - Enter a suggestive name for the parameter.

   • Is System - Select the checkbox to specify that the parameter can't deleted or edited, except its value. Leave the checkbox empty if this parameter can be changed or deleted.

   • Module - Select the module that uses the system parameter. Use Banking Product for parameters impacting Banking Product Factory.

   • General Description - Enter a detailed description for the system parameter.

   • Parameter Type - Select the data type of the parameter. Possible values: Text, Date, Date Time, Invariant Date, Whole Number, Numeric, Option Set and Entity.

3. Fill in the rest of the fields, depending on the selected data type:

   • Entity - For Lookup parameter type, select the entity from where you need to pick a record as parameter value.

   • Option Set - For Option Set parameter type, select the option set from where you need to pick a value as parameter value.

   • Parameter Value - Enter the value of the default parameter. Depending on the selected parameter type, you can either enter a value, select the checkbox or select record:

     • For Text, Date, Date Time, Invariant Date, Whole Number, Numeric parameter types, enter the desired value taking in consideration the data type's format.

     • For Boolean parameter types, select the checkbox to specify a True value, or deselect for a False value.

     • For Lookup parameter type, select the desired record from the previously selected entity that acts as parameter value.

     • For Option Set parameter types, select the desired value from the previously selected option set that acts as parameter value.

4. Click the Save and Reload button.