1. Lease Servicing Setup Guide
  2. Product
  3. Asset Billing Rate
  4. Asset Billing Rate Details

4.9.2 Asset Billing Rate Details

In the Asset Billing Details sub tab, you can define Transactions, their Calculation Method, and other parameters which are posted by Billing Batch Job.

Note that once a record is created in this section, the same is available in Read-Only mode and you can only Enable or Disable the record in Edit mode.

To set up Asset Billing Rate Details
  1. On the Oracle Financial Services Lending and Leasing home screen, click Setup > Setup > Administration > User > Products > Asset Billing Rate.
  2. In the Asset Billing Rate Details section, perform any of the Basic Operations mentioned in Navigation chapter. A brief description of fields are given below:

    Table 4-28 Asset Billing Rate Details

    In this field Do this
    Start Date Select the date of asset billing from adjoining calendar.
    Transaction

    Select the transaction from the drop-down list.

    This list is populated with transactions where the Transaction code = FOTH%.
    Calc Method
    Select one of the following calculation method from dropdown list.
    • Flat Amt
    • Rate
    • Flat Amt + Rate
    • Tiered Rate
    • Slab Formula

    For more information on above calculation methods, refer to Asset billing Calculations section.

    Flat Amt

    Specify the flat amount or fixed amount to be charged during asset billing calculation.

    This field is available if the Calc Method is Flat Amt, Flat Amt + Rate, and Slab based Formula.
    Rate Specify the rate for asset billing calculation. This field is available if the Calc Method is Rate and Flat Amt + Rate.
    Frequency Select the frequency of asset billing calculation from the drop-down list. The list is populated based on frequency maintained in lookup code.
    % of Calc Amt Specify the percentage of amount for calculation. By default, this is set to 100.
    Base Points

    Specify the base points for asset billing calculation. By default this is set to 1 since a value is required system does not allow to enter 0.

    This field is available if the Calc Method is Rate, Flat Amt + Rate, Tiered Rate, and Slab Formula.
    Slab Points Specify the slab points for asset billing calculation. This field is available if the Calc Method is Slab Formula.
    % Increase Specify the percentage increase in each slab for asset billing calculation. This field is available if the Calc Method is Slab Formula.
    Min Amt

    Specify the base minimum amount to be configured for the resulted transaction amount.

    If the resulted Transaction Calculation Amount is less than the Min Amt defined here, system posts the transaction with Min Amt.
    Max Amt Specify the maximum amount to be configured for the resulted transaction amount.
    Billing Year

    Specify the year in which the Rate is applicable.

    The Billing Year is stamped in billing amount transaction description only for FOTH% transactions.
    Enabled Check this box to enable the Asset Billing Rate.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.

This section consists of the following topics:

Parent topic: Asset Billing Rate