Process flow

To start with the base rates/interest rate caps, you must complete the following steps:

1. Add the base rate types/interest rate cap types to the Tuum system.

2. Add the base rate/interest rate cap fixings.

3. Apply the base rate/interest rate cap to the Tuum products.

Once the base rate/interest rate cap is configured for a loan product, the loan offers and contracts are created with the corresponding interest settings.

Depending on the rate application rule, the base rates/interest rate caps are applied instantly when a new rate fixing is added to the Tuum system or periodically based on a defined date. And the loan contracts update within the day change processes.