Credit Products and Pricing
Overview
This section covers the configuration of lending products, pricing algorithms, and collateral management within timveroOS. These components work together to define your lending portfolio and automate pricing decisions based on configured business rules.
Configuration Components
Configure credit products with flexible terms, multiple variants (additives), and customer segmentation capabilities to serve diverse market needs.
Set up dynamic pricing algorithms that calculate terms and conditions based on customer profiles, risk factors, and product parameters.
Establish collateral requirements, valuation rules, and monitoring processes to secure loans appropriately while maintaining operational efficiency.
Core Concepts
Product Structure in timveroOS
The system uses a two-tier product architecture:
Credit Products: Define general lending parameters
Product types and categories
Overall amount ranges
Term boundaries
Base contract templates
Additives: Provide specific variations within products
Targeted customer segments
Specific rate structures
Collateral requirements
Custom terms and conditions
Pricing Engine Integration
The pricing configuration enables:
Algorithm-based rate calculations
Customer profile integration
Risk-based adjustments
Dynamic term determination
Collateral Framework
Collateral management includes:
Asset type definitions
Valuation methodologies
Monitoring requirements
Risk mitigation rules
Configuration Process
Product Setup Sequence
Define Base Products
Create product categories
Set general parameters
Link contract templates
Configure documentation requirements
Create Additives
Set specific terms
Configure pricing rules
Establish collateral requirements
Configure Pricing Logic
Define customer segments
Build pricing algorithms
Set decision tables
Define risk adjustments
Test calculations
Set valuation parameters for Collateral
Establish Collateral Rules
Define acceptable collateral types
Link to product requirements
Integration Points
Process Integration
Products define required participants and assets
Each participant/asset type activates its configured workflows
Pricing calculations use participant profile data
Collateral requirements influence evaluation paths
Document Integration
Product-specific templates
Pricing disclosure generation
Collateral documentation requirements
Reporting Integration
Product performance tracking
Pricing effectiveness analysis
Collateral portfolio monitoring
Configuration Considerations
Regulatory Compliance
Interest rate regulations by jurisdiction
Required disclosure configurations
Fair lending parameter setup
Audit trail requirements
Operational Efficiency
Product complexity vs. maintainability
Pricing calculation performance
Collateral processing workflows
Exception handling procedures
Market Alignment
Competitive product features
Market-based pricing parameters
Collateral value considerations
Customer segment targeting
Getting Started
Begin with Product Architecture to establish your product framework, then proceed to pricing configuration and collateral management setup. Each component builds upon the previous, creating a comprehensive lending configuration.
For detailed configuration support, consult your implementation team or system documentation.
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