|Oracle Lease and Finance Management User's Guide|
Part Number E13583-05
This chapter covers the following topics:
The restructure quotation process allows the lessee to change terms in the contract.
This Asset Management functionality allows you to:
Solve for rent for both leases and loans, such as renegotiating for a new rent payment that is more manageable for the lessee.
Solve for term for loans only, such as extending the contract term for a period of time.
The acceptance of a restructure quote results in a re-booked contract. The calculations that the restructure quote provides become the basis of the re-booking.
Note: All amounts specified in a restructure quote are in the contract currency.
Certain processes--such as termination quote, restructure quote, request termination, and contract expiration batches--are based the contract status. The following table shows supported combinations of the restructure quote process and contract statuses.
|Contract Status||Process: Restructure Quote|
The topics in this section include:
Search and Update Restructure Quotes
Create Restructure Quotes
Use these procedures to search, view, and update restructure quotes.
Contract status must permit quotation.
Perform the following steps using the Restructure Quotes page:
Enter one or more search criteria to locate the restructure quote:
Quote Number: Enter full or partial match criteria to find by the quote number.
Quote Status: Choose from Accepted, Approved, Bid, Completed, or Draft.
Contract Number: Enter full or partial search criteria, click the flashlight icon, and choose a contract.
Click the Go button.
In the Results area, matching restructure quotes appear. Field information includes: Quote Number, Status Type, Effective From date, and Effective To date.
In the Quote Number column, click the hypertext link of the restructure quote that you want to view or update.
The Restructure Quote Details page appears. The three fields that you can modify are:
Effective To: The date to which the restructure quote applies. If you change this date, the lease price modeling software recalculates the values.
Accepted: Select the check box to mark the restructure quote as accepted.
Comments: Enter or edit any free-form text description.
Click the Update button to apply your updates.
To create a restructure quote, you must have a contract number in context. A lease price modeling application, calculates and updates values for restructure quotes.
The asset management restructure function allows you to:
Solve for rents for leases and loans.
A contract must be in context.
One or more assets must be in contract.
Contract status must permit quotation.
Perform the following steps in the Restructure Quotes page:
Click the Create button.
The Create Restructure Quotes page appears.
Select the contract for which you are creating the restructure quote.
In the Quote Reason field, choose a reason for the quote termination.
In the Comments fields, optionally enter any free-form text, such as description, comments, or notes.
In the Options area, complete these fields:
Select: If you want to select a quote.
End of Purchase Option: Purchase option to use in quote.
Purchase Amount: Enter an amount. Amount information goes to a lease price modeling software application that returns a calculated value on the Details page.
Note: The purchase amount is in the contract currency.
Purchase Option Formula: Click the field's flashlight icon, an d choose from a list of values to specify the formula that applies to the restructure quote.
Term Extension: Specify the length of time from the original contract end date that you want to extend the term. For example, if your contract originally ends on December 31, 2002; your quote date is June 30, 2002; and the quote specifies 12 months, then the extension adds six months to the original ending contract date.
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