Rebook With Contract-Level Fees and New-asset Addition During Mid-term Gets Incorrect ST-streams
Last updated on MARCH 25, 2016
Applies to:Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.
On : 12.2.5 version, Lease Authoring
Contract Rebook with Contract-Level Fees from Contract-Start-Date and New Asset addition during mid-term return incorrect SuperTrump Streams for Effective-Date Rebooking.
Effective Date Rebooking should return correct SuperTrump streams from the Effective Date and forward for Income Accrual and Recognition for each-period.
The issue can be reproduced at will with the following steps:
1. Lease Contract (DF) is booked with a Contract-level one-time MISCELLANEOUS FEE along with 2-Assets for 6-Months period.
2. One-Time Fee is Billed on 1st Month while other assets billed Monthly from 01-OCT-2015 thru 31-MAR-2016. SuperTrump returns correct streams.
3. Now a new 3rd Asset is added with an Effective-Date 01-FEB-2016 for a period of 2-Months with effective-date Rebook as of 01-FEB-2016.
4. The rebook-process returns SuperTrump streams starting from Contract-start-date 01-OCT-2015 instead of 01-FEB-2016. The streams are identified with this behaviour are PRE-TAX INCOME, PRESENT VALUE RESIDUAL, STIP LOSS VALUE, TERMINATION VALUE.
Reported this issue to Ivory Consulting and opened a Ivory as Gemini issue 16943 (also as support case 3398). Ivory is working to provide a resolution on this issue and after their analysis current SuperTrump Build need to be fixed for this specific Rebook-scenario as SuperTrump overriding Effective-Date using Contract-level Financed-Fees start-date instead of using Effective-date of Rebook to return streams for Prospective Rebook.
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