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Originator group commission rate cards
Commission rates for originator groups is determined by commission rate cards. The rate cards are defined for each product that the originator group can use and allows for commission rates to be defined by amount ranges and term combinations. 1. To ...
How to add/change cash interest rate
After creating the interest rate table actual rate will need to be setup. In order to do that , 1. Navigate to Banking -> Banks 2. Select Banking Interest Rate from Banking Interest Rate 3. Select the finance company that the rates need to be added ...
Add a bank interest rate table
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 ...
Cost of living business rule
Business rules exist at originator group product level, allowing finance companies to set rules and settings that are specific to each combination of originator group and product. The cost of living business rule contains the the rules for ...
Glossary
Finance Agreement Original Amount The amount the borrower initially asked for Amount The amount that was agreed with the borrower during credit assessment Amount Financed The total amount financed i.e. the full amount the borrower borrowed. To see a ...