on 12-27-2014 6:55 AM
Hi ,
What is the difference between Flow type and Condition type.
Thanks,
Srikanth
Hi Srikanth,
Adding to Venkateshwara above,
Conditions are unique calculation rules for flows, and they are used for flows that occur on a regular basis.
Flow types refer to transfer of an amount between different accounts on a specific date. The transfer can be external or internal (like accrual). All flows together represent Cash Flow.
Best,
Rohit
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Hi Srikanth
Flow types defines types of payment flows such as Principal Increase, Final Repayment, Nominal Interest. Flow types are integrated with FI and Cash Management for Analysis purpose.
Flow types must be assigned to designated transaction types along with Product type.
Condition types are kind of action to be performed for the Treasury product type associated with.
Condition types such as Interest, commision, etc.
As Flow types are assigned to particular transaction type, Condition types also needed to assign Transaction type to complete the deal.
Best Regards
Venkateswara
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