3. Wholesale Floor Planning

Wholesale Floor Planning (WFP) is an individual module within the Oracle Financial Services Lending and Leasing Lending. WFP enables a financial institution, mainly vehicle finance companies, to offer and manage lines of credit to its producers.

With WFP, the financial institution can manage and post transactions at three levels:

• Unit
• Credit Line
• Producer.

You can offer financing to producers as a line of credit and each producer can have multiple credit lines.

The credit line is an open-ended loan. Producers can finance multiple units per line of credit.

A unit is an asset. Each unit has a set number of terms.

3.1 WFP Maintenance Screen

The Wholesale Floor Planning Maintenance screen records and maintains all details about the producers, credit lines extended to the producers, and unit level details of all

loans extended under a credit line. This screen enables you to:

• View the current producer, credit line, and unit level information
• Set up new producers and record information for new credit lines and the units funded under these credit lines
• Enter manual transactions at the producer, credit line, and unit level

Performs such operations as rescheduling and changing rates at unit level.

3.2 Assumptions

This document assumes the following:

• The usual Oracle Financial Services Lending and Leasing setup is complete in all respects and system defined data is already populated in the database.
• All fields on the Wholesale Floor Planning forms accept data only in the defined format. For example, the Date field only accepts input in the mm/dd/yyyy format. Percentage fields accept numbers less than 100. The acceptable format would be mentioned in the hint in case user keys in a unacceptable format.
• At least one instrument is available for each producer, that is, either the instrument company/ branch should match the producer company/ branch or an instrument having company / branch = ALL/ ALL should be defined in setup.
• The payoff quote computation is based on current outstanding balances plus interest payable up to the payoff quote date. It assumes that there would be no other receivables such as late fees, servicing fees and other fees.

3.3 Restrictions

The Wholesale Floor Planning module does not take into account the late fees, servicing fees and other fees in computing a Payoff quote.

3.4 Note

The following will not be shown on Unit Assets page (Units link) or Units master page:

• Effective date
• Valuation date
• Source
• Usage
• Usage value
• Add-ons
• MSRP
• Title release date
• Total value.

However, the fields would be retained in the database for possible future use.