Setting Up Service Applications

You can create a list of the services the institution provides on the Service Applications setup page. The application allows you to define several assumptions for each service, which makes it possible for you to price services accurately.

1. Select Setup > Assumptions from the menu.
   The Loan Applications page opens.
2. Select Setup Assumptions > Service Applications.
   The Service Applications page opens.
3. Select Add to add a row of blank fields to the page.

   If you want to set up assumptions for multiple services at the same time, then you can select this option several times to add multiple blank rows.

   When service assumptions exist, new rows are added on the first page even if the list of services spans several pages.

4. Enter a unique Name for the service.
5. Complete the following fields:

   Capital

   This field is the institution's capital allocation that represents the institution's highest possible equity in a particular service. Capital is allocated to services based on each instrument's average balance. The capital allocation can vary based on services.

   Expense/Product

   This field represents expenses per product. Enter the institution's annual fixed cost for this type of service.

   Expense/Revenue

   This field is used to calculate a service's annual expense to the institution as a percent of the service product's revenue.

6. Select Save.