The Rate Custom Rules tab is a rule editor. Rules created can add, subtract, multiply, or divide the Rate assigned by the Rate Matrix by a number or amount you assign to the rule.  They can also assign the rate instead of using the matrix or override the rate assigned by the matrix (use the "Equals" modifier to do this).

For example, the best rate for the applicant based upon the matrix is 7.00%.  A custom rule is created stating that if the vehicle age is greater that 5 years increase the rate by 0.25%.  The adjusted rate is 7.25%.

NOTE: The Rate will be adjusted for EACH active rule that is true.  Therefore, adjustments can compound if multiple rules are True on an application.

For additional information refer to Custom Rule Editors.

 

Page url: https://decision.cudl.com/help/index.html?rate_rule_editor.htm