1. WFP User Guide
  2. Units
  3. Units Screen
  4. Reschedule Change sub tab

6.2.6 Reschedule Change sub tab

To reschedule the term for the unit
  1. On the Oracle Financial Services Lending and Leasing home screen, click WFP > WFP > Units > Reschedule Change.
  2. In the Producers section, select producer with the units you want to work with.
  3. In the Credit Lines section, select active credit line with the units you want to work with.
  4. In the Units section, select the unit you want to work with. The Reschedule Change section enables you to reschedule the term of the unit.
  5. In the Reschedule section, enter the following information.

    Table 6-5 Reschedule section

    In this field Do this
    New Term Enter the new term of the loan.The new term should not be less or equal to the term elapsed for loan as of current date. For example: If the term was initially 24 months and if the rescheduling is happening after 12 months, then the new term cannot be 12, since 12 months have already elapsed (required).
    Existing term View the existing term of the unit (display only).
    Reason Select the reason for schedule change (required).
    Comment Enter any comments related to the rescheduling operation (optional).
    Curtailment % Enter the new curtailment percent. Making back dated changes to the curtailment percentage or term results in Oracle Financial Services Lending and Leasing computing all the balances based on new interest rate from the date when new rate and term becomes effective (required).
    Effective Dt

    The date from when the new rate is applicable. This is either:

    Nothing less than the last billing date

    -or-

    The contract date for the unit, whichever is greater.

    This cannot be a future date (required).
  6. In the Reschedule section, click Apply to apply the new schedule on the unit.
    Oracle Financial Services Lending and Leasing displays the updated schedule in the Current section of the Unit Details page (Details link).

Parent topic: Units Screen