Associated Workflows (if applicable) - list out and describe.
Available Actions: for each one - create as H3 level-header (will show in page-level table of contents) and for each one, include the following this is applicable. List these out and then for each one, do the following:
Products vs. Accounts
Explain that products are system-wide. Must be set up and configured before you can create accounts. Accounts are individual instances of a product.
Can also touch on which settings are editable at the account level once a product is created and which can't be edited.
| Field Name (attribute) | Description | Example | Validations (if applicable) |
|---|---|---|---|
Editing Existing Products
This will touch on what happens to accounts that already exist when you edit a current product (what we discussed on the phone).
| Field Name (attribute) | Description | Example | Validations (if applicable) |
|---|---|---|---|
| Warning | ||
|---|---|---|
| ||
|
About Products
A product is a financial offering by a financial institution to its clients. Products are set up once and are then available to qualifying clients (individuals, groups, and centers).
Financial institutions can set up and configure:
- Loan Products
- Deposit Products:
- Savings Products (current and saving accounts)
- Share products
- Term deposit products
Each product may have one or more associated charges (i.e. fees and penalties). These charges need to be defined before they can be associated with a product. To learn about charges see Charges.
Your system administrator will define which users are able to define products, charges and product mix.
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