1. WFP User Guide
  2. Units
  3. Units Screen
  4. Units Details

6.2.1 Units Details

The Unit Details section enables you to set up the details of new units funded under a credit line. Initially, status of the unit is PENDING.
The Unit Details page enables you to view contract details for unit when the unit was funded. It also displays the current contract details for the same unit.

To view the Units Details page

  1. On the Oracle Financial Services Lending and Leasing home screen, click WFP > WFP > Units.
  2. In the Units section click the Add to specify the details. In Producers master page, select the producer with units you want to work with.
  3. In the Credit Lines master page, select active credit line with the units you want to work with.
  4. In the Units master page, select the unit you want to work with.
  5. In the Unit Details section, enter, view, or edit the following information:

    Table 6-2 Unit Details section

    In this field: View this:
    Unit# The unique number of the unit loan.
    Status View the status of the unit
    Contract Dt The date when the contract was signed.
    Instrument The type of instrument under which the funding was done.
    First Pmt Dt The date when the first payment would be due.
    Maturity Dt The maturity date of the loan.
    Total Term The term of the loan for unit, in months.
    Advance% Enter the advance percent of the unit loan
    Advance Amt The amount that was extended as a loan for funding the unit.
    Curtailment% The currently applicable curtailment percent.
    Curtailment Start Dt The date when the curtailment would start for the loan.
    Accrual Dt Start The date when the interest accrual would begin for the unit funded.
    Unit Group Number The Unit group number applicable.
    Index Type The type of index applicable for computing the applicable interest rate. By default, the Index Type selected in the Credit Line section is populated here.
    Index Rate The currently applicable index rate for the type selected above.
    Margin Rate The currently applicable margin rate to be added to index rate to arrive at the interest rate.
    Total Rate The sum of the index rate and margin rate.
    Ceiling Index Type

    The type of index applicable for computing a ceiling interest rate.

    By default, the Ceiling Index Type selected in the Credit Line section is populated here.

    Ceiling Index Rate The currently applicable ceiling index rate for the type selected above.
    Ceiling Margin Rate The currently applicable ceiling margin rate to be added to the Ceiling index rate to arrive at ceiling interest rate.
    Total Ceiling Rate The sum of the ceiling index rate and ceiling margin rate.

Parent topic: Units Screen