Rulesets are specific sets of rules applied to your loan products. For example, you might use a dedicated ruleset for high-risk products and a different one for those considered medium or low risk.
A ruleset consists of two main components:
Strategy band parameters
Decline and refer rule settings
To view, modify, or create rulesets, go to Settings → Rulesets.
Selecting a ruleset
Use the Select Ruleset dropdown to choose the ruleset you want to modify.
To create a new ruleset, click the blue New Ruleset button on the right.
When creating a new ruleset:
Choose Standard as the parent ruleset.
Enter an appropriate name, description, and default strategy band maximums.
Strategy bands
When editing a ruleset, the first step is to configure the strategy bands. These determine which strategy band (A, B, C, or D) an application falls into, based on the loan amount.
Only Bands A, B, and C require defined maximum values. Band D automatically includes applications with amounts exceeding Band C’s limit.
To edit strategy bands, click the Properties button.
Each band is assigned to applications as follows:
Applications that exceed the maximum value of one band but are less than or equal to the next band’s maximum.
Strategy Band D captures all applications above the Band C maximum and does not require a set value. The application workflow may limit the upper threshold.
Example:
If you want to configure bands as:
Band A: up to £1,000
Band B: £1,001 to £3,000
Band C: £3,001 to £9,999
Band D: £10,000 and above
Set the maximum values as follows:
Band A: £1,000
Band B: £3,000
Band C: £9,999
Band D: (no maximum required)
[Insert image example]
By implementing these maximum values, you can categorise loan applications into the appropriate strategy bands based on their respective loan amounts.
Rule settings
After setting the strategy bands, the next step is to configure the decline and refer rule settings.
For your convenience and flexibility we have built in functionality that allows you to customise:
the number of rules displayed on each page,
arrange the list according to different columns, such as Rule ID
a search function to quickly locate a specific rule by ID
When you have found the rule you wish to edit, click the pencil icon in the Action column.
This will open up the rule settings and for DEC08 "Defaults present recently" will look something like this:
The rule parameters consist of a set of variables that must be met for the rule to be triggered. In this example, the parameters are:
Minimum amount: £50
Minimum number of matches to trigger this rule: 3
Period/duration to look back in history: P12M
This means that in order to trigger this rule, the applicant must have three defaults issued within the last 12 months, with each default having a minimum value of £50.
Period Format
When configuring periods:
Start with the letter
PUse a whole number (e.g.
P26M)End with
Mfor months
The default period unit is months. For annual periods, use Y only if the rule supports it (e.g., REF19), forall other instances use monthly equivalents.
For example:
P12M= 12 monthsP24M= 24 monthsP2Y= 2 years (only for specific rules like REF19)
Rule Modification Example
Suppose you want to modify DEC08 to:
Decline applicants with 2 or more defaults
Within the past 9 months
Regardless of the default value
But only if the loan does not fall under Strategy Band A
You would update the rule as follows:
Exclude
The Exclude checkbox allows you to disable a rule entirely within the custom ruleset.
If ticked, the rule will not be applied, regardless of its activation status in any strategy band. This is a quick way to turn a rule off, without manually unticking all four bands.
Conclusion
You should now have the tools needed to confidently modify rule settings to suit your organisation’s lending strategy.
If you have any questions or need further support, please don’t hesitate to contact us — we’re here to help.