Defining Borrowing Interest Rate

To define default borrowing rates, use the Borrowing Rate Default component (RE_BORROW_RATE).

Pages Used to Define Borrowing Interest Rate

Page Name	Definition Name	Usage
Borrowing Rate Default Page	RE_BORROW_RATE	Define a default borrowing rate to be used in the classification of a lease.

Borrowing Rate Default Page

Use the Borrowing Rate Default page (RE_BORROW_RATE) to define effective dated borrowing rates to be assigned to new leases.

Navigation:

Set Up Financials/Supply Chain, and then Product Related, and then Lease Administration, and then General Definitions, and then LA Borrowing Interest Rate

This example illustrates the fields and controls on the Borrowing Rate Default Page. You can find definitions for the fields and controls later on this page.

Field or Control	Description
Borrowing Rate Percent	If an interest rate is not entered on the lease, then the borrowing rate percent is used to calculate the present value of lease payments. The borrowing rate percent default value can be overridden during lease entry.