You can set up an interest override tolerance to determine the amount tolerance and percentage tolerance by which a company allows a user to override the calculated interest amount for a specific combination of counterparty, deal type, and currency. You can set up a single override tolerance for a company, or define specific override tolerances for combinations of counterparties, deal types, and currencies.

When a user tries to override system calculated interest amounts in a deal input window, the system checks the difference between the original system calculated amount and override amount, and compares the difference with the interest override tolerance that was set up. If the difference exceeds the tolerance, the system does not allow the user to override the amount.

Only users who have the Allow Interest Override check box checked in the User Access window can override interest (see: User Access Levels). If the user enters an interest amount that falls outside of the specified tolerance level, the user cannot save the deal.

You define the interest override tolerances in the Interest Override Tolerances window.

Defining Interest Override Tolerances

Use the Interest Override Tolerances window to define the percent by which you want users in each company to be able to override calculated interest amounts for deals.

To define the interest override tolerance

1. Navigate to the Interest Override Tolerances window.

2. In the Company field, choose the company that you want to define the override tolerance for. The ledger currency for the selected company appears in the Function Currency field.

3. If you want to define a specific combination of counterparty, deal type, and currency, complete the appropriate fields.

4. Enter the amount tolerance in the Amount field.

   The amount tolerance represents the maximum and minimum dollar amount by which you can change the system calculated interest amount. For example, if the amount tolerance is $2.00, and the system calculated interest amount is $34.76, the override amount cannot exceed $36.76 or be below $32.76.

5. In the % field, enter the percentage tolerance for the interest override. For example if you enter 1, then the user will be allowed to override the calculated interest amount by 1%. The overridden interest amount can be either 1% greater than or 1% lower than the calculated interest amount.

6. Check the Authorized check box to activate the tolerance.

7. Save your work.