8/13/2021 Property Class and Property Class Types

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Property Class and Property Class Types

Property Class

A component that has attributes and actions is called Property Class in AA (Examples of Property Classes are: Interest, Charges, Term Amount and
so on).

Attributes are common features of a Property Class across different Products.

Examples of attributes in Interest Property Class are fixed, floating, and so on.

Actions are common behaviour of a Property Class across different Products.

Examples of actions are account credit, accrue action for interest and so on.

To view the actions of any specific Property Class, go to Admin Menu > Product Builder > Additional Settings, and then click the Actions tab.

NOTE: Temenos releases the PROPERTY.CLASS definitions and these definitions cannot be amended except the description fields

To view a Property Class, go to Admin Menu > Product Builder > Properties, and then click the icon of the respective Property Class.

Property Class tab:

Details tab:

Read Property Classes user guide for more details on individual classes.

Property Class Type

This multi-valued field controls the attributes that a Property of this class can have.

Valid options of
Description
Property Class Type

CCY It indicates that the Product Conditions of the same product varies by currency.

The definition of Product Condition contains the currency in the key.

In case the CCY is not specified, the Properties are not based on currency.

DATED It indicates that the Product Conditions vary by date.

The relevant dated Property definition should be used when performing processing.

The Product Condition contains an effective date in the record key.

In case the DATED is not specified, then the record does not contain a date.

MERGE It indicates that when the product condition for the property is defined in both parent and child product, the Product
Conditions defined in the child product does not blindly override the parent conditions.

MULTIPLE It indicates that more than one Property of the Property Class can be defined for a single product.

In case the MULTIPLE is not specified, only one Property of this class can be linked to an AA Product.
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8/13/2021 Property Class and Property Class Types

Valid options of
Description
Property Class Type

TRACKING Certain Property Classes require that a Property must be defined at the arrangement level. Other types of Property (e.g.
Interest product condition) may be defined at the product level. The arrangements of that product similarly 'track' the
product definition and do not require any definition at the arrangement level.

In case the TRACKING is not specified, a Property of this class cannot be defined as a tracking Property in the product
definition.

NON.TRACKING It indicates that the Properties belonging to this class should only have fixed link behavior i.e., these Properties may not
have CUSTOM.TRACKING or TRACKING link to the arrangement.

OPT.CCY It indicates that the Properties may (or may not) have currency component in them.

However, it needs to have a default non-currency condition. When an explicit currency condition is not stated, it picks the
default condition for processing. For example, CHARGE Property supports OPT.CCY option.

TRACKING.ONLY It indicates that the Properties of this class can only have tracking behaviour. In addition, the Properties of this class
should be stated as PRODUCT.ONLY in AA.PROPERTY.

ACTIVITY.PRESENTATION, ACTIVITY.API and ACCOUNTING are TRACKING.ONLY classes.

ARRANGEMENT It indicates that the values can only be modified at arrangement level.

It means that the default values cannot be defined in Product Condition.

EXTERNAL It indicates that this Property Class can be defined in external product line.

EXTERNAL.FINANCIAL It indicates that this Property Class can be defined in external financial product line.

DELAYED.TRACKING It indicates that this Property Class is allowed for delaying of the Product Condition changes for defined period.

MEMO.ENABLED It indicates that this Property Class can be defined for Memo Loans as a part of Loan Restructuring.

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