Enter a Rate for a Finance Contract

Security Note: You need the Allow contract maintenance security right in the Contracts domain security rights group for this activity.

Activity Steps

1. Open the Finance Service Contract.
2. Select the Contract Rates tab.
3. Create the contract rate:
   1. Right-click in the Contract Rates table and select New from the menu.

      Note: You can also paste one or more copied contract rates from the same or another finance contract. A copied contract rate includes its rate details. To copy multiple contract rates, check Selected for each required contract rate; then right-click and select Copy Contract Rate(s) from the menu.

   2. Complete the following fields as required.
      • Name
      • Locations—Optionally limit the contract rate to specified locations. Select from the locations defined on the Supply Chain panel of the Solution Explorer.
      • Service Location Type—Type of location where the contract rate is applicable. Select from Both, At Loading Location and At Unloading Location.
      • Activity—Select from the Finance Activity list items defined in the List Editor.
      • Material Type—Optionally limit the contract rate to specified material types. Select from the material types defined on the Material panel of the Solution Explorer.
      • Products—Optionally limit the contract rate to specified products and brands. Select from the products and brands defined on the Material panel of the Solution Explorer.
      • Comments
4. Define the rate details:
   1. Select the contract rate in the Contract Rates table.
   2. Perform one of the following steps:
      1. To add a rate detail from a cost template, right-click in the rate detail table and select Add From Template » [Cost Template Category] » [Cost Template] from the menu.

         Note: Only finance cost templates where the Provider (that is, the bank( and Activity (if specified) match the finance contract display. If the cost template includes a tax, the tax is added to the finance contract and can be edited on the Contract Taxes tab.

      2. To add a new rate detail, right-click in the rate detail table and select New from the menu.

         Note: You can also paste a copied rate detail from the same or another finance contract; or a cost or budgeted cost that is for finance. See Costs and Service Charges.

   3. Complete the following fields as required.
      • Name
      • Rate Detail Basis
      • Type
      • Rate Decimals

      Note: See Contract Rates for descriptions of these and the following fields.

   4. If the Rate Detail Basis is Fixed Amount Per Despatch Order or Fixed Amount, enter the Value and Currency.
   5. If the Rate Detail Basis is Fixed Interest Rate, enter the Value and Bank Fee.
   6. If the Rate Detail Basis is Interest Rate Series, enter the Interest Rate Series and Bank Fee.
   7. If the Rate Detail Basis is Interest On Gross Value, Percentage Invoice Value or Percentage Of Loan Amount, enter the Value.
5. Click Save.