A pay plan is a special type of payment plan that encompasses two major elements:
A set of scheduled payments
The business rules used to recommend the payment schedule
Pay plans are managed via an obligation whose obligation type has a special role of Pay Plan. This type of obligations must have one or more recommendation rules, and are allowed to have payment schedules.
A pay plan's status is just like any other obligation's status. An active pay plan implicitly has a "kept" status (i.e. all scheduled payments have been made). A stopped plan implies that the pay plan has been completed, i.e. paid off, or stopped due to non-payment. It is important to note that the scheduled payments have their own status.
A list of the obligations covered by a pay plan is maintained with the pay plan. This list is used at payment distribution to determine which obligation to pay. An obligation may be covered by a pay plan when its obligation type is flagged as Eligible for Pay Plan.
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