1. Lease Servicing User Guide
  2. Customer Service
  3. Customer Service screen’s Collateral tab
  4. Usage Summary

4.15.5 Usage Summary

The Usage Summary sub tab is displayed only if you have opened a Usage/Rental based lease account and gives you a summary of units charged for asset Usage/Rental which is derived based Usage/Rental Charge Matrix.

Figure 4-51 Usage Summary


Description of Figure 4-51 follows
Description of "Figure 4-51 Usage Summary"

The incoming data of asset usage details are classified into the chargeable buckets of Base, Cycle, and Life and based on the defined amount, the total units are charged. Here each record indicates chargeable units for each billing cycle.

However the calculated chargeable units are only displayed and usage fee is posted on the account only after executing the batch job TXNUSG_BJ_100_01 (USAGE CHARGE PROCESSING) in SET-TPE job set.

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 Origination User Guide.

A brief description of Usage Summary fields is given below:

Table 4-100 Usage Summary

In this field View this
Due Date View the billing due date of the account which indicates when the usage units would be charged.
Net Units View the total consumed units for the current cycle.
Min Units View the minimum chargeable units for the current cycle.
Chargeable Units View the total chargeable units (if Net units consumed is less than Min units as per current cycle, Min units are charged).
Base
Units View the chargeable base units.
Charge View the amount to be charged on base units.
Cycle
Unused Units View the unused units for the current cycle.
Excess Units View the excess units for the current cycle.
Excess Charge View the amount to be charged as part of current cycle
Life
Unused Units View the unused units for the total lease term.
Excess Units View the excess units for the total lease term.
Excess Charge View the amount to be charged as part of the total lease term.
Charge - Total Usage View the amount to be charged as part of total lease term.
Elastic Usage Term View the system predicted term remaining to reach the asset usage life which is calculated either by Actual or Average method as per current usage pattern.

Parent topic: Customer Service screen’s Collateral tab