1. Lease Servicing Setup Guide
  2. Product
  3. Asset Types
  4. Usage Charge Matrix

4.1.2 Usage Charge Matrix

The Usage Charge Matrix sub tab allows you to define and maintain different chargeable slabs based on the combination of Billing Cycle and Charge Type. The details maintained here are used for billing calculation based on a particular asset usage.

For more information on how OFSLL handles Usage based leasing, refer to Appendix : Usage Based Leasing chapter and for Rental based leasing, refer to Rental Agreement section in Lease Servicing User Guide.

  1. In the Usage Charge Matrix section, perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 4-7 Usage Charge Matrix

    Field Do this
    Billing Cycle Select the frequency of the billing cycle for the asset from the drop-down list.
    Units From Specify the minimum number of units from which the current usage charge matrix is applicable.
    Charge Per Unit Specify the amount to be charged for every unit.
    Charge Type
    Select the Charge Type as one of the following from the drop-down list. The list is displayed based on CHARGE_TYPE_CD lookup.
    • BASE (Units considered as base and chargeable at base rate)
    • EXCESS CYCLE (Units beyond base units and chargeable considering excess cycle)
    • EXCESS LIFE (Units exceeding the total contracted units and chargeable considering excess life cycle)

    Excess life is not applicable for Rental agreement type.
    Enabled Check this box to enable the charge matrix for usage calculation.
  2. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Asset Types