Defining Economic Index Values

To define economic index values, use the Economic Index Values component (RE_INDEX).

This topic provides an overview of economic index values.

Page Used to Define Economic Index Values

Page Name	Definition Name	Usage
Economic Index Values Page	RE_IDX_VALUE	Define the economic index values. Rent increases are based on the economic index values defined.

Understanding Economic Index Values

You set up the economic index values so that the lease rent amounts or miscellaneous fees increase from time to time or from year to year. Some leases are set up so that the rent amounts increase regularly, based on an index such as the Consumer Price Index (CPI), Porters' Wage, or a user-defined index.

Note:

You cannot set up the economic index without first setting up the market rate index and market rates. Perform maintenance of the index values based on the frequency defined by your organization.

See PeopleSoft Global Options and Reports: Defining Market Rates

Economic Index Values Page

Use the Economic Index Values page (RE_IDX_VALUE) to define the economic index values.

Rent increases are based on the economic index values defined.

Navigation:

Set Up Financials/Supply Chain, and then Product Related, and then Lease Administration, and then Financial Terms, and then LA Economic Index

This example illustrates the fields and controls on the Economic Index Values page. You can find definitions for the fields and controls later on this page.

Field or Control	Description
View Index Definition	Click to view the Market Rate Index. This page provides the highest level of organization for market rates in the PeopleSoft system. These indices define general categories of market rates, such as exchange rates, interest rates, and commodity exchange rates.

Index Values

Field or Control	Description
Date From	Select the start date.

Field or Control	Description
Date To	Select the end date.

Field or Control	Description
Value	Enter the current index value for the period. These values are based on monthly updates received from an index subscription.