Create a Rounding Rule

Fairways Debt offers you to add rounding rules to apply to rates, so the rates can be as precise as you wish.

Note: Only account administrators can create rate rounding rules.

 

Navigate to the Account Administration
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.eu/.
  2. Select a customer account.
  3. Navigate to Applications > Account Administration.

 

Create a Rate Rounding Rule
  1. Navigate to Account > Account Configuration.
  2. Click Add Rate Rounding Rule.

Account_Configuration_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Name

Rounding rule name.

Precision

Denominator in the fraction 1/N.

Note: The max. precision is 10.000.000.

Fraction

Note: This field updates depending on the precision entered.

Fraction written in decimal numbers.

  1. Click Apply to create the rounding rule.

In this example, we are creating a rule rounding to the nearest cent or one-hundreth, i.e. 100. Therefore, 1/100 = 0,01

RoundingRule_Rate_Create_EN.png

The new rate rounding rule is now available.

RoundingRule_Rate_Created_EN.png

 

 

What's Next?
Was this article helpful?
0 out of 0 found this helpful