Lease Book Classification With Principal & Interest Does Not Allow Return Fee in Termination Quotes
(Doc ID 2990734.1)
Last updated on DECEMBER 01, 2023
Applies to:
Oracle Lease and Finance Management - Version 12.2 and laterInformation in this document applies to any platform.
Symptoms
A Financial Product with a Quality of "Lease Book Classification" returns Principal and Interest payment streams. A Return Fee is not calculated for Principal and Interest in cases of Termination with Purchase, Termination Rollover with Purchase, and Termination Recourse with Purchase scenarios
STEPS
1. Create a Financial Product with a "Lease Book Classification: Quality.
2. Create a Lease Contract with the Financial Product.
3. Create a Termination Quote - Full or Partial (multi asset)
Termination Quote Type - Termination with Purchase
Termination Reason - Other
4. Validate Termination Quote Lines
5. Note that Return Fee Line is not available and No Termination Formula is provided to calculate the Earned Interest.
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |