You can terminate single or multiple lease accounts for any combination of Master and its associated accounts in a single transaction. During this process, either some or all assets leased under one master contract can be terminated. However, termination transaction is allowed only for Lease Closed-ended accounts only.

While initiating a lease contract termination transaction before the maturity date, system validates and allows termination only if either the Billed Term or Lease Amount Recovered % is met.

To generate lease Terminate Multi Account transaction:

1. In the Master Account Details section, select the required Master Account and select ‘TERMINATE MULTI ACCOUNT’ option from the Transaction drop-down list.
2. Select Include Master Account check box to terminate the selected master account also.
3. In the Associated Account Details section, filter the list of accounts based on Product Type, Statement Consolidation Only and All Currencies options. Select the check box adjacent to Lease Closed-ended account(s). You can also choose Select All check box to select all the listed accounts. Note that, this check box column is enabled only on selecting an option from Transaction drop-down list.
4. Click Load Parameters in the Master Account Details section. System creates the termination transaction with default values in OPEN status. The same can be viewed in Transaction Batch Information tab. The selected accounts for termination transaction are indicated with comma separated values in ACCOUNT NUMBER parameter and can be edited accordingly.
5. Do one of the following:
   • Click Post in this tab to post the transaction with default values.
   • Edit the required parameters and then post the transaction in Transaction Batch Information tab. For information on updating transaction parameters, refer to Terminate Single/Multi Lease Account(s) section.

System automatically posts the Transaction on all selected individual accounts. On successfully posting the transaction, a confirmation message is displayed in the Results section indicating the status of Success/Failed transaction(s) posted. In case of Failed transactions, the reason is indicated separately.