OLFM Training

DAY 6
Contract Changes

Rebook

Release (Transfer and Assumption)

Rebook

Some Contract Changes can be done through Lease Centre without doing a
Rebook

Any changes which impact the following requires a Rebook:

Cash Flow Dates

Rents
Asset Values
Depreciation Values
Book Classification
Rebook

Do the Rebook if you need to Change:

Payment Amount
Payment Flow Dates
Asset Cost
Depreciation parameter changes
Contract Extension
Rebook

Initiate Rebook of a Booked Contract by Clicking Revision Action.

Provide the following information:

Revision type -> Rebook Contract

Reason -> Choose any valid Reason from LOV
Revision Date -> Transaction Date (should be between contract start date and
contract end date)
Rebook
Rebook

Rebook Process creates a Copy of the Contract with Naming convention

<Contract Number>-RB<Seq Number>.

Make the changes in this Copy contract

Take the contract through Validation, Stream Generation, Approval and

Activation Process.

The Rebook Contract will be ABANDONED and all the changes will be
copied to the original contract.
 Rebook

Rebook Transaction and Accounting

Rebook Transaction created in OKL_TRX_CONTRACTS_ALL

Rebook Accounting Reverses the Original Booking Accounting Entries

A new set of Accounting entries are created

Adjustment transactions created for Accrual/Billing.

At the end of the Rebook, the following transactions are available

BKG (Original Booking)
TRBK (Rebook)
BKG (New Booking)
Release (Transfer & Assumption)

Release (T&A) is a process of changing

Financial Product
Customer

Release Process Terminates Original Contract and Creates

a new Contract.
Release (Transfer & Assumption)

Release Process is started from Lease Centre Agent Responsibility.

In the Release request, the following parameters are given:

Release Date: The Day must be same as Contract Start Day
Customer Account: New Customer Account
New Contract Number: Any user Defined Number

A Request ID is generated which is then used in revising the contract from HTML
Pages
Release Process

Before Doing the Release

Accrual must have been completed till Release Date

Billing must have been completed till Release Date

Release process invokes a workflow OKLCSTRQ which can be customized

for Approval Process.
Lease Centre Overview

Provides a 360 Degree view for customer/contract

Search can be done on the basis of

Contract Number
Customer Account
Asset Number
Invoice Number
Insurance Policy
And Many other parameters
Lease Centre Overview

Used for Viewing

Contract Overview
Contract Structure
Parties
Account
Transactions
Stream Elements
Lease Centre Overview

Used for Bulk Asset Update

Creating Insurance Quote and Policy
Termination Quote
Transfer and Assumption Request
Restructure Quote
Unscheduled Pay-downs
Credit Memo
Tasks
Notes
Exercises

Create a new contract by copying an existing contract.

Rebook the contract to extend term by 3 months.
Observe the Rebook transactions created in the table
OKL_TRX_CONTRACTS_ALL
Create another contract by copying an existing contract. Run accrual
and Billing till system date.
Create T&A Request for this contract and change the customer.
Observe the T&A transaction created in the table
OKL_TRX_CONTRACTS_ALL
Write a query to find out all the contracts which have been rebooked
and number of times rebooked.