My Oracle Support Banner

Partial Termination of a Loan with Positive Estimated Billing Adjustment will not Process Completely (Doc ID 2847699.1)

Last updated on MARCH 30, 2022

Applies to:

Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.5 version, Asset Management

ACTUAL BEHAVIOR
---------------
Find that partial termination of a loan with positive estimated billing adjustment does not process completely. 

The quote is in a completed status, the contract in a complete status and the termination transactions are in a working status.

EXPECTED BEHAVIOR
-----------------------
Expect the contract to be in booked status and the termination transactions in processed status.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

1. Using lease super user responsibility, navigate to setup >> system options >> Operational options >> Termination option.

Termination Billing Adjustments should be set to >> Invoice Based.

2. Using lease super user responsibility, author a loan contract that starts on 01-Jun-2021, has a Term of 12 and has 2 Assets. Print Lead Days are 25.
Asset 1 with a cost of 15,000.00 and Payments are 12 Periods at 1,000.
Asset 2 with a cost of 1,500.00 and Payments are 12 Periods at 100.
This payment structure is just to make sure that negative interest is calculated for each billing period so that we get a positive adjustment on the quote.

3. Book, bill and accrue the contract through today.

4. Check for the latest invoices.

5. Create a partial termination quote for 1 of the assets using a date prior to the last invoice date so that estimated billing adjustment lines will be on the quote.
There should be one positive and one negative billing adjustment line.

6. Approve and accept the quote.

7. Quote is completed, asset terminated, however, contract is in complete status and the termination transactions are in working status.

Changes

 

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.