A bank has ICCF Rule implemented to collect its processing charges, but due to regulation
changes now it can no longer levy these charges on the transactions.
What changes are required in Oracle FLEXCUBE to implement new requirement?
A.
Amend the respective products and select the “Stop Application” flag in the Charge Definition
screen.
B.
Unlock the ICCF Rule and delink all the attached products.
C.
Reverse the ICCF Rule.
D.
Delete the ICCF Rule.
Explanation:
Explanation/Reference:
An interest or charge element in product that is already in use cannot be deleted. You only tick the
check box ‘Stop application’ and it is no longer applied.