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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 later
Information 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


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