Expire Rate Record

Use this action to set an expiration date for a rate record or a group of rate records. This page is accessed via Contract and Rate Management > Contract Management >Rate Record > Actions > Contract and Rate > Change Rates > Expire Rate Record.

1. Enter an Expiration Mark ID. This identifies that the rate record is flagged for version changes or expiration.

   Note: If you used the Mark for Expiration action to tag a record for expiration, enter that ID in the Expiration Mark ID field.

2. Enter an Expiration Date to specify when the rate will expire.
3. Click OK.

Note: If a rate record is going to change slightly, you can make a copy of the rate record. This will copy all of the information in the original rate record, but you can edit the fields that will be different. You will assign the new copy of the rate record to the same rate offering as the original rate record. After you have created the new copy of the rate record, you can set an expiration date for the original rate record.

If the rate record is going to be expired, and no similar variation of it will be used in the future, you will not want to make a copy of the rate record as described above.