Temenos Lifecycle Management Suite - Origination Product Guide
Add a Required or Optional Account Product
| Administrator Guide > Rules Management > Rules Management - Available Templates > Vocabulary Template Examples > Add a Required or Optional Account Product |
Within Rules Management, administrators have the ability to author business rules that automatically add a required or optional account product to an application. For example, if an institution is running a promotion that offers a reduced rate on a Home Equity loan or a special rate on a certificate of deposit when a new checking account is opened, administrators can author a rule that automatically adds the checking account to the application as soon as the application process is started.
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Account products marked as required are necessary for disbursement to occur; therefore, they cannot be deleted from the application. |
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To see this functionality in action, view the Adding Account Products through Rules video tutorial. |
To begin authoring this type of rule, navigate to System Management > Origination > Rules Management and click 
to open Rules Manager.
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For a complete overview of the rule configuration process, please see the Rules Management topic within this guide. |
Use the table below to assist with configuring a business rule that adds a required or optional account product to an application:
| Action Template | What it Does | Category Selection | ||
| Add an account product |
Adds the defined account product to an application as required or optional.
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Default Values / Event Processing
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The example rule below has been configured to provide a demonstration of a Default Values rule configured to add a checking account to an application as a required account product:
After the rule is created, it must be assigned to the desired sub-product(s) within Account Application Types or Loan Application Types:
As part of the Application Initialization process, the system looks for new account products added through rules and de-dupes any of the same account products added from the New Application screen. This ensures only one account product is added to the application and is marked as required or optional as dictated within the rule.
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This process is not limited to application initialization and occurs any time an account product is added during application processing. |
For example, if a Default Values rule is configured to automatically add a required checking account to an application, when a new loan or account application is created and a checking account product is selected within the New Application screen, this process de-dupes the checking accounts to ensure that only one checking account is added to the application as required.