Changing A Start Option

If the obligation is in the active or pending stop states and if the obligation type uses start options, a button appears on obligation - Main called Apply New Start Option.

Click on the button to bring up the Apply New Start Option Confirmation popup. The fields in this dialog allow you to define a Start Option whose terms should be copied to the obligation as of a given effective date (Apply Start Option on). Because most terms on an obligation are effective-dated, it's important that you understand the following ramifications of applying a start option (note, we use the word "terms" to generically reference any of the fields that can be defaulted from a start option):

Terms are reused if Start Option contains the same value as defined in the obligation. For example,

If the Start Option references the same rate as defined in the obligation, a new rate record will NOT be created.
If the Start Option references a contract rider that's currently defined in the obligation, a new rider will NOT be created.

Terms that support explicit expiration (i.e., those with an end date) are expired if they are not referenced on the new Start Option. For example, if the obligation has a rider that is not referenced on the new Start Option, it will be expired.
Terms that support implicit expiration (i.e., those without an end date) are left unchanged if they are not referenced on the new Start Option. For example, an obligation characteristic that isn't referenced on the new Start Option will NOT be modified when a new start option is applied.

Note:

Only start options related to the obligation's obligation type can be used. It should be noted that only start options related to the obligation's obligation type can be specified. If the obligation is active, you may not change its obligation type.

When you click OK, a warning window will appear that summarizes the changes that will be made to the obligation. After confirming what will be changed, click OK to change the obligation's terms. The Start Option that is shown on the Main tab will now reflect the start option whose terms were just applied.