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
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Account Administration.
Create a Rate Rounding Rule
- Navigate to Account > Account Configuration.
- Click Add Rate Rounding Rule.
- 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. |
- 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
The new rate rounding rule is now available.
