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 and Finance 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 |