Termination Error On A Contract (After Performing Component Split): "Can not retire asset &ASSET_NUMBER as the asset was added to the &BOOK_CLASS book &BOOK_TYPE_CODE in the current open period."

(Doc ID 1451836.1)

Last updated on APRIL 04, 2016

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
Checked for relevance on 16-Aug-2014

Symptoms

Cannot perform an asset split and asset termination in the same month as the following error occur on Asset Dispose step under Quote accepted:
 
"Can not retire asset &ASSET_NUMBER as the asset was added to the &BOOK_CLASS book &BOOK_TYPE_CODE in the current open period.  Error occurred during disposal of asset AAAAA.DATE"

Step to Reproduce:
1/ Book a Lease contract
2/ Ran Billing and Accrual
3/ Perform a component split on the contract
4/ Do a Partial termination on the contract with 1 of the new assets created on the contract
5/ The termination quote does not gets complete and Assets on the contract remain in Booked status

Under termination quote messages can see this error message:
Error: Can not retire asset &ASSET_NUMBER as the asset was added to the &BOOK_CLASS book &BOOK_TYPE_CODE in the current open period. Error occurred during disposal of asset AAAAA.DATE

Cause

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