Defining the Final Settlement Rules in a Level Funded Pricing Rule

Procedure

To define the final settlement rules in a level funded pricing rule:

  1. Ensure that the Final Settlement Rules section is expanded when you are defining or editing a level funded pricing rule type.
    The Final Settlement Rules section contains the following sub-sections:

    • Customer Renews - Used to define the final settlement rules when the customer renews the contract.

    • Customer Cancels - Used to define the final settlement rules when the customer cancels the contract.

    • Renewal Decision - Used to indicate the status for the upcoming level funded contract.

    The Customer Renews sub-section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Mode Displays the final settlement mode when the customer renews the level funded agreement. The valid values are:

    • Final Settlement Surplus

    • Final Settlement Deficit

    		 Not applicable
    Final Settlement Option Used to indicate the final settlement option when the customer renews the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to indicate the final settlement option in case of surplus. Yes
    Final Settlement Deficit Used to indicate the final settlement option in case of deficit. Yes
    		Not applicable
    Flat/Percentage Used to indicate the final settlement payment type when the customer renews the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to indicate the payment type in case of surplus. The valid values are:

    • Flat Dollar

    • Percentage

    		 Yes
    Final Settlement Deficit Used to indicate the payment type in case of deficit. The valid values are:

    • Flat Dollar

    • Percentage

    		 Yes
    		Not applicable
    Percentage Retained Used to specify the percentage retained by the ASO provider when the customer renews the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to specify the percentage of surplus that should be retained by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Percentage.
    		 Yes (Conditional)
    Final Settlement Deficit Used to specify the percentage of deficit that should be offered as a discount by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Percentage.
    		 Yes (Conditional)
    		Not applicable
    Flat Effective Payout Used to specify the actual amount which should be retained by the ASO provider or offered as a discount, when the customer renews the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to specify the actual amount of surplus that should be retained by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Flat Dollar.
    		 Yes (Conditional)
    Final Settlement Deficit Used to specify the actual amount of deficit that should be offered as a discount by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Flat Dollar.
    		 Yes (Conditional)
    		Not applicable

    The Customer Cancels sub-section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Mode Displays final settlement mode when the customer cancels the level funded agreement. The valid values are:

    • Final Settlement Surplus

    • Final Settlement Deficit

    		 Not applicable
    Final Settlement Option Used to indicate the final settlement option when the customer cancels the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to indicate the final settlement option in case of surplus. Yes
    Final Settlement Deficit Used to indicate the final settlement option in case of deficit. Yes
    		Not applicable
    Flat/Percentage Used to indicate the final settlement payment type when the customer cancels the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to indicate the payment type in case of surplus. The valid values are:

    • Flat Dollar

    • Percentage

    		 Yes
    Final Settlement Deficit Used to indicate the payment type in case of deficit. The valid values are:

    • Flat Dollar

    • Percentage

    		 Yes
    		Not applicable
    Percentage Retained Used to specify the percentage retained by the ASO provider when the customer cancels the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to specify the percentage of surplus that should be retained by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Percentage.
    		 Yes
    Final Settlement Deficit Used to specify the percentage of deficit that should be offered as a discount by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Percentage.
    		 Yes
    		Not applicable
    Flat Effective Payout Used to specify the actual amount which should be retained by the ASO provider or offered as a discount, when the customer cancels the level funded agreement.
    Field Name Field Description Mandatory (Yes or No)
    Final Settlement Surplus Used to specify the actual amount of surplus that should be retained by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Flat Dollar.
    		 Yes
    Final Settlement Deficit Used to specify the actual amount of deficit that should be offered as a discount by the ASO provider.
    Note: This field appears when the Flat/Percentage field is Flat Dollar.
    		 Yes
    		Not applicable

    The Renewal Decision sub-section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Renewal Decision Used to indicate the upcoming status of the level funded contract. The valid values are:

    • Cancelled

    • Renewed

    Note:

    This field appears when the level funded current contract date is exceeded.

    		 No
  2. Enter the required details in the Final Settlement Rules section.
  3. Click Save.
    The final settlement rules are added in the level funded pricing rule.

Related Topics

For more information on... See...
How to define a level funded pricing rule for a parent customer Defining a Level Funded Pricing Rule for a Parent Customer
How to edit a level funded pricing rule of a parent customer Editing a Level Funded Pricing Rule of a Parent Customer