> For the complete documentation index, see [llms.txt](https://docs.xyb.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xyb.co/credit/configure-and-create-credit-products/configure-global-settings-for-credit-products.md). # Configure Global Settings for Credit Products Before launching any credit product in your ecosystem, it is critical to configure several core services that define the structure, rules, and data required for credit operations. These configurations ensure consistency across contract flows, decisioning, pricing, and servicing. ### 1. **Entity Service Configuration** All credit contracts rely on entities such as customers, partners, businesses, and owners. You must configure the entity structure and required metadata first. #### Key Configurations: * **Sectors and Segments:** Used for eligibility, pricing, and reporting. *Example Sectors:* Technology, Agriculture * **Custom Fields:** Capture custom metadata like legal status, financial standing, etc. *Example:* **Field:** Legal proceeding status * **Company Relationships:** Define legal or business connections between entities, such as parent companies or subsidiaries. * **Contract Relationships:** Used to link multiple entities in a credit agreement, e.g., co-applicants or guarantors. [Learn more about managing entities.](/credit/create-and-manage-contracts/manage-entities-for-credit-products.md) *** ### 2. **Product Configuration Service** This is where you define **global product settings** used across all credit services. **Must Configure:** * **Currencies** (e.g., EUR, USD) * **Countries and Lanuages** * **Product states** (from "Draft" to "Active**"**) for management > These settings become reusable across all individual credit products and contract templates. ### **3. Interest Service Configuration** In the **Interest Service**, you define dynamic interest rate references that your credit products can use — especially when working with variable-rate loans. Each variable interest is defined by: * **Currency:** The currency the rate applies to (e.g., EUR). * **Name** A unique identifier for the rate (e.g., ESTR, EURIBOR1W). * **Term:** The applicable term of the rate, such as daily (D0), weekly, or monthly. * **Value Date Modifier:** Adjusts the effective date of the rate, for example to use the previous day’s value. These variable interest definitions can be linked when designing product repayment logic or setting up floating rate terms within contracts. [Learn more about configuring the Interest Service](/credit/configure-and-create-credit-products/configure-global-settings-for-credit-products/configure-interest-service.md). *** ### 4. **Credit Contract Service** This governs how credit contracts behave and how metadata, compliance, and financial rules are applied. **Key configurations:** * **Currencies** supported in contracts (e.g., EUR, USD, NOK, SEK, DKK) * **Purposes** of the contract (e.g., Margin Lending, Imports, Real Estate) * **Custom Fields** such as risk factors or compliance data * **Holidays** by country, used for schedule generation and due dates * **Taxes** like VAT, with settings for rate, deduction, default applicability, and validity periods * **Fees:** Define default fees that apply to contracts using the product. These configurations form the backbone for every contract created on the platform. [Learn more about configuring the contract Service.](/credit/configure-and-create-credit-products/configure-global-settings-for-credit-products/configure-credit-contract-service-attributes.md) *** ### **5. Collateral Service Configuration** If your credit products are backed by collateral, define the accepted collateral structures. #### Key Configurations: * **Collateral Types:** e.g., CASH, IMMOVABLE * **Subtypes:** e.g., Bank vault, Apartment, House * **Collateral Fields:** Custom data for registration and risk, such as: * **Location** * **House number** * **Bank account details** These fields are collected during collateral creation and can be validated or scored as part of the credit decisioning process. [Learn more about configuring and creating collaterals.](/credit/configure-and-create-credit-products/configure-global-settings-for-credit-products/configure-and-create-collaterals.md) *** --- # Agent Instructions This documentation is published with GitBook. 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