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Activity Charges

Activity Charges Property Class is used by any product that requires charging for arrangement activity.

Product lines

The following Product Lines use Activity Charges Property Class:

  • Accounts
  • Agent
  • Bundle
  • Deposits
  • Facility
  • Lending
  • Rewards
  • Safe Deposit Box

Property Class Type

The Activity Charges Property Class uses the following Property Class Types.

  • Dated
  • Enable External
  • Enable External Financial
  • Forward Dating
  • Tracking
  • Variations Supported

Balance Prefix and Suffix

Activity Charges Property Class does not hold any balances and therefore there is no associatedBalance Prefix.

ClosedAttributes

Activity Charges Property Class defines the charges that need to be applied when an Activity is triggered on the arrangement. For example, a charge can be levied at the time of opening a new arrangement or when term amount is amended.

This is achieved by selecting the underlying activity and the associated charge to be applied. Activity on which the charge should be applied must have a valid entry in AA.ACTIVITY table; and the associated charge should be a valid AA Property belonging to the Charge Property Class.

ClosedApplication Method
  • Due - When the Activity defined in ‘Activity ID’ is processed, it is possible for any charge amount which has been specified in the Charge field to be billed immediately and made due according to the period specified in the due field.
  • Capitalise - This allows for the bills to be issued immediately and the associated activity charge is capitalised.
  • Defer - The system can calculate the charge and update the charge details in AA.CHARGE.DETAILS immediately but apply the charges after a specific period.
  • Pay - This enables payout of amount to the customer for a credit charge.
ClosedCharge Auto Settle

It can either have a Yes or No. Yes option aids in automatic settlement processing to be done for the associated Charge Property, when Settlement Property Class is configured for ‘Charge’ payment type.
This is related to the Agency Product Line for automatic settlement of the agent commission to the agent account.

ClosedPayment Type

During charge capitalisation, if the account has insufficient funds to capitalise the charge, then the pending amount can be invoiced to the customer. The system retries capitalising the invoiced charge automatically at regular intervals using Transaction Cycler facility in Settlement Condition. Read Charge Property Class user guide for more details.

Payment Type field enables users to define the standard payment types that can be used by a product. A payment type is required for every payment schedule definition. If the field is left blank, then the system defaults ‘Charge’ as payment type.

ClosedAA.CHARGE.DETAILS

This is a central file used to maintain activity or rule based charge details for an arrangement. This file has two purposes.

  • Maintains history of charges applied for an arrangement
  • Gives information needed for the system to raise charge bills

Periodic Attribute Classes

There are no periodic Attribute Classes associated with Activity Charges Property Class.

Actions

The Activity Charges Property Class supports the following actions:

Action Name Description
CALCULATE This allows for the calculation of the charges that are pre-defined and dated when the conditions were defined.
CALCULATE.COMM This allows for the calculation of the commission that are pre-defined when the conditions were set.
DATA.CAPTURE This is used during data capture.
UPDATE The user can update during the time of new arrangement creation or make amends to the charges that were already defined during the arrangement creation. This results in the modification of activity based charge rules.

Accounting Events

Activity Charges do not generate accounting events.

Limits Interaction

Actions associated with the Activity Charges Property Class do not have an impact on the Limits.


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