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The Total of Payments (principal Only) should Equal the Asset Cost and Not Consider the Subsidy (Doc ID 2307633.1)

Last updated on SEPTEMBER 14, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.2.6 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.6 version, Lease Authoring

When attempting to validate a variable loan contract with subsidy,
the following error occurs.

ERROR
-----------------------
Check for Variable Rate
Error >> Sum of Principal Payments does not equal Principal Balance.

The total of payments (principal only) should equal the asset cost and not consider the subsidy. The subsidy is billed/netted from a third party to improve the yield. However, the booking QA check returns an error unless the total of payments equals asset cost minus the subsidy. This is incorrect.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Lease Super User
2. Author a variable loan Contract with Float and Estimated and Billed classification
3. Add a subsidy and associate it to the asset
4. Validate the contract and receive error

Changes

 

Cause

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