Spread Maintenance

Introduction

The Spread Maintenance option allows you to maintain small discounts (spread) given to preferred customers of the bank. The customer can be a retail user or a corporate.

If you view a spread from the preferred customer's point of view, the value of the Buy Rate is negative and Sell Rate is positive. If you view a spread from the banks point of view, the value of the Buy Rate is positive and Sell Rate is negative, for a preferred customer.

Administrator functions

The administrator can do the following:

• Search for spread maintained in Retail e-Banking for a retail ID, rate code, fixed currency code, variable currency code, rate mode and the validity date range. The list contains the retail ID, rate code, fixed currency, variable currency, begin amount, end amount, amount currency (currency in which spread needs to be applied: one of the 2 currencies), spread, reference number and validity up to.

• Add a new spread record by adding the above details.

• Modify a spread record. Spread amount and reference number can be modified.

Navigation

The following is the navigation for this option:

• Click Spread Maintenance in the Retail Administration.

• The Spread Maintenance screen is displayed.

What you can do

The table below provides a brief description of the data that must be specified on the screen and the functions you can perform:

Field

Description

Bank Id

The ID of the bank for whom the spread is being maintained.

Note:

This field is non-editable.

User Id

The ID of the retail user for whom the spread is maintained.

Rate Code

The rate code used for transactions of the user. This is specified using the Transaction Rate Code Mapping option.

Fixed Currency Code

The code of the fixed currency. The application converts amounts from the currency specified in this field.

Variable Currency Code

The code of the variable currency. The application converts amounts to the currency specified in this field.

Rate Mode

Select the valid rate mode  for the transaction type from the drop-down list provided.

From Date

The date from which records must be retrieved.

To Date

The date up to which records must be retrieved.