1. WFP User Guide
  2. WFP Units Batch
  3. Units Batch

8.1 Units Batch

Producers may send a file to a financial institution that contains the details of units that are funded by the financial institution. Each file constitutes a batch of unit details and each batch is identified uniquely. The information sent in the file is in a standard format. Oracle Financial Services Lending and Leasing parses this file, stores the unit details, and displays this information on the Unit batch page.

Once the batch is posted, unit information is available on the Unit screen of Wholesale Floor Planning Maintenance form.

With the Units page on the Batch Transaction window, you can:
  • View the posted and unposted batches
  • Post the OPEN batch payments
  • Void the OPEN batch payments
  • Adjust a single unit in a batch
  • View a history of the adjustments to a unit.

To view, post or void batches on the Units batch page

On the Oracle Financial Services Lending and Leasing home screen, click WFP > WFP > Units Batch.
  1. Choose View All above the Unit Batch section to view all the batches, including those not yet posted.
  2. In the Unit Batch section, select the record you want to work with and click Show in Details column.

    You can also use the Search Criteria to limit the display of payment records.

    The Unit Batch data section displays details of individual units that constitute the batch. The number of unit records displayed here is same as the number displayed in Total Units field in Units Batch section.

  3. In the Unit Batch section, view the following display only information:

    Table 8-1 Unit Batch section

    In this field View this
    Group # The unique number for the batch (group of unit payments).
    Status The status of the unit batch.For an unposted batch, the status is OPEN.
    Draft Dt The date when the batch payments were uploaded into Oracle Financial Services Lending and Leasing.
    Total Units The number of unit payment records present in the batch.
    Total Invoice Amt The total invoice amount of all units in the batch. This is the total amount paid through the batch.
    Effective Dt The effective date when the payment would be applied.
    Posted Dt The date of batch posting. This is the date when the payment is actually posted.
    Posted Units The number of units posted from the batch.
    Total Advance Amt The total amount to be paid as advanced for the batch.

    The Unit Batch section displays the attributes of a single batch payment.

  4. In the Units section, select the record you want to work with and click Show in Details column.

    You can also use the Search Criteria to limit the display of payment records.

  5. In the Unit Batch section, view the following display only information:

    Table 8-2 Unit Batch section

    In this field Do this
    Unit # View the unique system assigned unit number
    Status View the status of the unit. This is PENDING when data is loaded from file to the Unit Batch page.
    Accrual Start Dt View the date from which interest starts accruing.
    Advance Amt View the advance amount of the unit loan. This is the amount given to the producer as a loan and is same as invoice.
    Curtailment Start Dt View the curtailment start date; that is, when repayment of principal starts for the unit.
    Contract Dt View the date when the loan contract was signed. The effective date at unit level would be the same as contract date.
    First Pmt Dt View the date of first payment
    Term View the number of months within which the loan will be repaid by producer.
    Maturity Dt View the date of loan maturity for the loan.
    Curtailment % View the percent of the principal to be paid back each month.
    Unit Type Select the unit type (required).
    Credit Line View or select the credit line data extracted from the batch file (required).
    Instrument Type View or select the instrument extracted from the batch file (required).
  6. You can Post and Cancel batches which are in OPEN status.
    • To post a batch, click Post Batch in the Action section.
    • To cancel a batch, click Void Batch in the Action section.
To adjust a single unit in a batch
  1. On the Oracle Financial Services Lending and Leasing home page, click the WFP master tab.
  2. Click the Batch Transactions bar link.
  3. In the Batch Transactions link bar, click Units.
  4. Oracle Financial Services Lending and Leasing displays all batches that are not yet posted.
  5. Choose View All above the Unit Batch section to view all the batches, including those not yet posted.
  6. The Unit Batch section displays the attributes of a single batch payment.
  7. In the Unit Batch section, select the unit you want to adjust.
  8. The Batch Adjustment section enables you adjust attributes of unit listed in the Unit Batch section.
  9. In the Batch Adjustment section, enter the following information:

    Table 8-3 Batch Adjustment section

    In this field Do this
    Type Select the adjustment type (required).
    Value Enter the new value to be applied for a unit payment (required).
    Reason Select the reason for the adjustment.
    Comment Enter comments regarding the adjustment (optional).
  10. Click Save.
  11. Oracle Financial Services Lending and Leasing updates the entry in Batch Units section and adds an entry in Adjustment History section.
  12. The Adjustment History section displays all the adjustments applied to all units in unit batch data section.
  13. In the Adjustment History section, view the following display only information.

    Table 8-4 Adjustment History section

    In this field View this
    Description The description of change.
    Previous Value The value before the adjustment was applied.
    Value The new value applied through the adjustment.
    Changed By The name of the person who applies the changes.
    Changed Dt The date on which the value was changed.
    Reason The reason for adjustment.
    Comment The comment about the value change.

Parent topic: WFP Units Batch