3.2 Assumptions
This document assumes the following:
- The usual Oracle Financial Services Lending and Leasing setup is complete in all respects and system defined data is already populated in the database.
- All fields on the Wholesale Floor Planning forms accept data only in the defined format. For example, the Date field only accepts input in the MM/DD/YYYY format. Percentage fields accept numbers less than 100. The acceptable format would be mentioned in the hint in case user keys in a unacceptable format.
- At least one instrument is available for each producer, that is, either the instrument company/ branch should match the producer company/ branch or an instrument having company / branch = ALL/ ALL should be defined in setup.
- The payoff quote computation is based on current outstanding balances plus interest payable up to the payoff quote date. It assumes that there would be no other receivables such as late fees, servicing fees and other fees.
Parent topic: Wholesale Floor Planning