Change The Duration Of A Contract With Financing With Services=N

anIf the user wants to make a change in the financing period (duration) of the contract on the contract with Financing with services=N in Status=>Active, this change can be made on the change copy or on the variant in two ways:

• Manual or

• The wizard 4026634 Contract Extension and Moratorium Wizard.

Manual change the duration of financing

The user creates a change copy or variant using the Contract Change Wizard by selecting the Change Type Code with Wizard Object No.=empty on it in step 1.

Then, on the change copy/variant, it makes a manual change to the Financing Period (in Month) field. The system then executes:

• Actions that are described in the PD FL contract

  • Control on min, max and step.

  • Check for REFI code

• If prejdú kontrol, the system will update the field:

  • If the product type is Use Simple Fee=Y:

    • Calculates a new Simple Fee Sum value

    • It then distributes this value into unbilled installments Simple Fee=Simple Fee Sum/No.of Payments

    • Note: there should be no change in the value of the Simple Fee in this case

  • If the product type is Use Simple Service=Y

    • Ke Simple Service Code will find the value of Simple Service according to the new financing period

    • Then calculate the value into the installment:

    • Service Excl.VAT= (Simple Service – sum of posted Service payments)/number of unposted payments

  • If the product type is Use Simple Insurance=Y

    • According to the new duration, it will find a new Simple Insurance Code

    • It then calculates the value per installment:

      • Insurance Excl.VAT = (Simple Service – sum of posted Insurance payments)/number of unposted payments

Subsequently, the user recalculates the contract using the Payment Line.

Change the duration of financing by wizard

The user creates a change copy or variant using the Contract Change Wizard by selecting the Change Type Code with Wizard Object No.=4026634 Contract Extension and Moratorium Wizard on it in step 1.

With the help of this wizard, it is possible to change the financing period in one step, including the eventual distribution of installments (so-called moratorium).

Before opening the first step:

• Check if Financing with Services=N is true

  • If it does not apply, it displays the Please use other wizard message. Please use a different guide.

  • If it is true, it opens the first step of the wizard.

Contract Extension and Moratorium Wizard – Step 1/2

Please enter new contract conditions... (Please enter new contract conditions...)

Field:

• Financing Contract No.

  • EN: Financing Contract No.

  • The system will automatically fill in the change copy/variant number.

  • Non-editable

• Financing Product Type Code

  • EN: Financing Product Type Code

  • Completes the system automatically from the change copy/variant.

  • Non-editable

• Financing Product Type Description

  • EN: Financing Product Type Name

  • Completes the system automatically from the change copy/variant.

  • Click to open the Financing Product Type list.

  • Non-editable

• Customer No.

  • EN: Customer No.

  • Completes the system automatically from the change copy/variant.

  • Non-editable

• Customer Name

  • EN: Customer Name

  • Completes the system automatically from the change copy/variant.

  • Non-editable

• Handover Date

  • EN: Handover Date

  • Completes the system automatically from the change copy/variant.

  • Non-editable

• Change Date

  • EN: Change Date

  • The system will automatically add from the change copy/variant on the first day of the unposted period from the payment calendar.

  • Uneditable. Kalkulované – po rozklikí sa otvorí splátkový kalendár kontrakt (obdoba vo všetkých existujúcich wizardoch).

• Financing Period (in Months)

  • EN: Financing Period

  • Completes the system automatically from the change copy/variant.

  • Non-editable

• Financing Period (in Months) New

  • EN: New Financing Period (months)

  • Adds the system automatically from the change copy/variant Financing Period (in Months).

  • Editable – change the user for a new period of time if they want to shorten or extend the contract.

• No. of Deferred Payments

  • EN: Number of Deferred Payments

  • Empty by default

  • Editable. The user manually adds the number of installments that he wants to spread.

• Change List

  • Opens the API Contr. Change History Card (4046861, Card) from the appropriate line from Contract Change History.

• Back

  • Inactive

• Next

  • When pressed, it performs the following checks:

    • Financing Period (in Months)= Financing Period (in Months) New or je Fin.Period (in Months)=0 and No. of Deferred Payments=0:

      • If true, it will display the message "There are no changes in conditons." EN: No change has been made. And it doesn't go any further. After confirmation, the user can succeed in the first step of the new conditions.

      • If it doesn't, it continues.

    • Financing Period (in Months) New > number of payments in the payment dregs. Contracts with Posted=Y

      • If it does not apply, it will display the message: "The new financing period is lower, let the number of posted payments." And they won't allow it to go any further. The user can enter a new value and then press Next again.

      • If it is valid, it proceeds to the next check:

    • No.of Deferred Payments < number of payments in spl. dregs. Financing Period (in Months) New s Posted=N

      • If it does not apply, it will display a message and will not allow you to continue. The user can enter a new value and then press Next again.

      • If it applies, it proceeds to the next step.

• Finish

  • Inactive.

Contract Extension and Moratorium Wizard – Step 2/2

Please confirm by Finish... (Please confirm by Finish...)

Same fields as in step 1, but all are non-editable. Buttons:

• Change List

  • Opens the API Contr. Change History Card (4046861, Card) from the appropriate line from Contract Change History.

• Back

  • Active, can return to step 1/2

• Next

  • Inactive

• Finish

  • When pressed, it performs the following actions:

    • If Financing Period (in Months)=Financing Period (in Months) New:

      • If No.of Deferred Payments<>0 is set in the financial calculator for subsequent payments in the number of No.of Deferred Payments REL=0

        • In the repayment contract, set Moratorium=Y on those certain installments

      • If the Financing Product Type is Use Simple Fee=Y:

        • Calculates the difference between Simple Fee Total and Simple Fee with Posted=Y from the contract payment schedule

        • This difference will be allocated to the instalments of the Simple Fee field with Blocked=N until the end of the lease contract

      • If the Financing Product Type is Use Simple Service=Y:

        • Calculates the difference between Simple Service – Service s Posted=Y from the contract payment calendar

        • This difference will be allocated to the Service field with Blocked=N until the end of the lease agreement

      • If the Financing Product Type is Use Simple Insurance=Y:

        • Calculates the Simple Insurance – Insurance difference with Posted=Y from the contract payment calendar

        • This difference is allocated to the Insurance field with Blocked=N until the end of the lease agreement

    • If Financing Period (in Months)<>Financing Period (in Months) New

      • Financing Period (in Months) will be added to the contract New

      • If No.of Deferred Payments<>0 is set in the financial calculator for subsequent payments in the number of No.of Deferred Payments REL=0

        • In the repayment cal. contract, set Blocked=Y on those sure installments

      • If the Financing Product Type is Use Simple Fee=Y:

        • Calculates Simple Fee Total according to the new duration (new number of payments)

        • Calculates the difference between Simple Fee Total and Simple Fee with Posted=Y from the contract payment schedule

        • This difference will be allocated to the instalments of the Simple Fee field with Blocked=N until the end of the lease contract

      • If the Financing Product Type is Use Simple Service=Y:

        • Finds a new Simple Service value according to the new duration

        • Calculates the difference between Simple Service – Service s Posted=Y from the contract payment calendar

        • This difference will be allocated to the Service field with Blocked=N until the end of the lease agreement

      • If the Financing Product Type is Use Simple Insurance=Y:

        • Find a new Simple Insurance Code according to the new duration

        • Searches for a new Simple Insurance value by code

        • Calculates the Simple Insurance – Insurance difference with Posted=Y from the contract payment calendar

        • This difference is allocated to the Insurance field with Blocked=N until the end of the lease agreement

  • When finished, it will display the message "New conditions have been added." EN: New conditions have been added.

  • After confirmation by the contract, it will be left to the change copy/variant. After checking, the user transfers the changes to the original.