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Oracle Lease and Finance Management Implementation Guide
Release 12.1
Part Number E13577-05
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Seeded Contract Classification Parameters

This appendix covers the following topics:

Seeded Contract Classification Parameters

The following table shows the seeded qualities and quality values, which must be added to a product template and product, so that contracts that are associated with the product are correctly classified.

Seeded Qualities and Quality Values
Contract Type Quality (to be added to the product template) Quality Description Quality Value (to be added to the product) Quality Value Description
Investor Agreement INVESTOR Investor Agreement Classification SECURITIZATION Securitization
- - - SYNDICATION Syndication
Lease or Loan Contract LEASE Lease Book Classification LEASEDF Direct Finance Lease
- - - LEASEOP Operating Lease
- - - LEASEST Sales Type Lease
- - - LOAN Loan
- - - LOAN-REVOLVING Loan-Revolving
- TAXOWNER Tax Owner LESSOR Lessor
- - - LESSEE Lessee
  INTEREST CALCULATION BASIS Interest Calculation Basis FIXED  
  - - FLOAT  
  - - REAMORT  
  - - FLOAT FACTORS  
  - - CATCHUP/CLEANUP  
  REVENUE RECOGNITION METHOD Revenue Recognition Method STREAMS  
  - - ESTIMATED AND BILLED  
  - - ACTUAL  

Each Oracle Lease Management contract must have a product, and each product must have a product template.

In order to classify contracts, first you must add one or more of the seeded qualities to a product template.

Within a single product template, you can have:

Subsequently, when you create a product using the product template, you must assign one of the seeded quality values for each seeded quality in the associated product template.

Note: The only way to assign a lease book classification, tax owner, interest calculation basis, or revenue recognition method, to a contract is through the product. To change one of these values on a contract, you must select a different product for the contract, with different values.

For lease and loan contracts, the following table shows the valid tax owner options allowed for each lease book classification.

Valid Lease Book Classification/Tax Owner Combinations
Lease Book Classification Tax Owner Options
Direct Finance Lease Lessor, Lessee
Operating Lease Lessor
Sales Type Lease Lessor, Lessee
Loan Lessee
Loan-Revolving Lessee