OFSLL facilitates to change the asset usage details of a lease account to new usage details and charge for the additional usage requested. However, note that this facility is applicable only for vehicle lease.

Changes to asset usage of collateral for a lease account can be updated into the system by posting the following transaction:

While posting the above transaction, specify the New Usage Value in kilometres and New Charge applicable for every unit extended. In the Excess Usage Fee Amount, you can include one-time fees that can be charged on the account for facilitating change usage. Based on the fee amount specified here, system posts a monetary transaction FUSG_ADJ_PLUS–ADJUSTMENT TO EXCESS USAGE FEE - ADD as adjustment to excess usage fee balance. However transaction is not posted if no value is specified.

On successful posting of transaction, the ‘Charge’ and ‘Total’ fields are updated with new details in both Customer Service > Collateral tab and Servicing > Collateral Management screen.