This appendix covers the following topics:
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.
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:
the quality Investor for investor agreements
the four qualities of Lease, Taxowner, Interest Calculation Basis, and Revenue Recognition Method, for lease or loan contracts.
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.
Lease Book Classification | Tax Owner Options |
---|---|
Direct Finance Lease | Lessor, Lessee |
Operating Lease | Lessor |
Sales Type Lease | Lessor, Lessee |
Loan | Lessee |
Loan-Revolving | Lessee |