Write-Off Monitor

The Write-Off Monitor is a background process that has two functions:

• It attempts to close Stopped and Reactivated contracts using several methods as described under Attempt To Close The Contract Before Creating A Write Off Process.
• If it is unsuccessful at closing a contract, it creates a write-off process. The write-off process has one or more write-off event(s). The write-off process template associated with the write-off process controls the number and type of events.

In the above diagram, the event on 15-Jan-2000 shows the creation of a write-off process with three write-off events. Notice that the events all exist in the Pending state. The events will exist in this state until their trigger date is on or before the current date.