1. Lease Servicing User Guide
  2. Collateral Management
  3. Collateral Tab
  4. Renting History

10.1.8 Renting History

The Renting History sub tab gives you a summary of total charges levied/collected on an asset during its life when it has been rented/linked to different accounts.

The incoming data of asset usage/rental details are classified into the chargeable buckets of Base, Cycle, and Life and based on the defined amount and term, the total rental amount is calculated. Each record indicates total rental amount charged on individual account.

The calculated rental amount is only displayed and is posted on the account only after posting Account Close Monetary transaction on the account. For more information on how OFSLL handles Rental based leasing, refer to Rental Agreement section in Lease Origination User Guide.

In the Renting History section, you can select Show All check box to display all the rental calculation records for the selected collateral. A brief description of fields is given below:

Table 10-10 Renting History

In this field View this
Account # View the lease rental account number to which the asset is linked.
Agreement Dt View the account funded date.
Agreement Terms View the actual contract term converted into days (i.e. Maturity Date minus Contract date).
Termination Dt View the account closure date.
Actual Terms View the number of days between account funded date and account close date.
Usage Start View the starting units from when billing is done.
Usage End View the Current Usage value at the time of termination.
Excess Usage View the difference of total usage from usage start value.
Base Amount Charged View the minimum rental amount charged.
Excess Amount Charged View the excess amount charged which is calculated based on the difference of final usage value from agreed usage.
Total Amount Charged View the total of Paid / Terminated amount from all balances after lease rental account is closed.

Parent topic: Collateral Tab