Add an Application Overdraft Protection

Using the Add an Application Overdraft Protection action template, rule authors are able to automatically add overdraft protection objects to an application when an event occurs. To begin authoring this type of rule, navigate to System Management > Origination > Rules Management and click . Select the Event Processing category, and create a new business rule at the Application entity level.

For a complete overview of the rule configuration process, please see the Rules Management topic within this guide.

When defining the business rule, the following syntax appears, upon selecting the Add an Application Overdraft Protection vocabulary template:

Within the template's syntax, the following placeholder fields exist, which are populated by the rule author:

Template Placeholder	Display Text	Value Required	Comment
<accountType>	[enter the type of account used for protection]	Yes	Make sure the asset type is a valid type for overdraft protection.
<accountFrom>	[enter the account transferred from]	Yes
<accountType>	[enter the type of account being protected]	Yes
<accountTo>	[enter the account transferred to]	Yes

This template does not support Scheduling Transfers, or Liabilities and Assets not associated with the membership account.

The example rule below has been configured to provide a demonstration of an Event Processing rule that adds an asset to an application, as overdraft protection for the account on the current application: