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Process flow

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

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

Process flow

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

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