Clearmatch allows to capture interest rates for interest that will be given to the investors for the money that resides in their fund account. Rates can be defined per bank per finance company. Before defining the interest rates, interest rate table needs to be created. In order to do that
1. Navigate to Banking -> Banks
2. Select Banking Interest Rate under Banking Interest Rate
3. Click on the
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icon to create a new interest table by providing the following details
Finance Company : Drop down list of finance companies that the user has access to. Select the finance company that the rate table needs to be created for.
Bank : select the bank from the drop down list.
Description : Provide a meaningful description
Interest Payout Days From Capitalisation: Cannot be greater than 15 days. This is to avoid the setting being placed after the next capitalisation.
4. After providing the information, click on
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to complete creating the bank interest rate table or click on
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to go back to bank interest rates page.
5. Once the bank interest rate table is created the actual rates will need to be setup. Instruction on how to do that is mentioned in this
link.