Termination - With Purchase: For any lessee or guarantor who wants to purchase the asset. Oracle Lease and Finance Management supports the following types of termination quotes: Note: All amounts specified in a termination quote are in the contract currency. You can also terminate assets without an explicit quote, by first entering a list of assets to terminate into an interface table, and then running a concurrent program. In both standard and manual termination quotes, you can quote to terminate either the whole contract, or complete asset lines, or some of the units of individual asset lines. Note: Even if the contract's Termination Quote Process terms and conditions include the condition that partial termination is not allowed, you can create a partial termination quote using a manual termination quote. Oracle Lease and Finance Management generates a manual termination quote when you bypass the terms and conditions of a contract and select the quote elements as you create the quote. ![]() Oracle Lease and Finance Management generates a standard termination quote based on the terms and conditions set up in a contract. Oracle Lease and Finance Management allows the following two forms of termination quotes: The quotation process identifies the financial impact of the contract termination. Asset-level termination rebooks the original contract, without the terminated assets, with updated yields and insurance, and new contract-level and asset-level streams.Ĭontract terms and conditions define asset termination, including whether partial termination is allowed. The termination of an asset line, or of some of the units of an asset line, is called a partial termination, or asset-level termination. Termination of some, but not all, of the units of an asset line on a contract if the asset has a serial number, you specify the serial numbers of the asset units that you want to terminate Termination of an asset line on a contract, or all the units of an asset line on a contract Oracle Lease and Finance Management supports the following levels of termination: The lessee wants to terminate some of the assets of a contract, without transferring the assets to another contract and terminating the contract. The lessee would have the option to accept or not accept the termination quote For example, prior to contract expiration if the lessee wants to purchase the asset, then you can generate a termination quote to determine the end-of-term purchase option. In certain situations, the lessee can require a termination quote at contract expiration. The lessee would make a choice:Īccept the quote and terminate the contract.Ĭontinue with the contract to normal expiration. Various business rules that you specified in the contract's terms and conditions are the basis of calculating the financial impact of a termination quote. Termination quotes identify the financial impact of the termination. The lessee wants to terminate the contract early and requests a termination quote. Reasons for termination quotes include the following: Supported Contract Statuses for Termination Quotes Supported Combinations of Quote Line Types Supported Contract Stages for Termination Quotes The section includes the following topics: ![]() When a contract is terminated with the purchase of the asset, the asset becomes off-lease and is available to the asset-return-to-disposal processes for remarketing or disposal. Termination quotes allow contracts, or assets on a contract, to terminate early or at the expiration of the contract.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |