3 Wholesale Floor Planning
Wholesale Floor Planning (WFP) is an individual module within the Oracle Financial Services Lending and Leasing Lending. WFP enables a financial institution, mainly vehicle finance companies, to offer and manage lines of credit to its producers.
With WFP, the financial institution can manage and post transactions at three levels:
- Unit
- Credit Line
- Producer.
You can offer financing to producers as a line of credit and each producer can have multiple credit lines.
The credit line is an open-ended loan. Producers can finance multiple units per line of credit.
A unit is an asset. Each unit has a set number of terms.
This section consists of the following topics: