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:

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

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