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  • Code

    • Required field

    • Contract model designation that the user will select on the contract template

  • Active

    • An enabled parameter means that the model is active and can be selected by the user on the contract template

  • Derived from Model (Derive From Model)

    • This field allows you to copy the settings of the current contract model from another existing contract model. By clicking on this field, the user will see a list of existing models. By selecting a model, the system copies all settings from that model to the current model. This field then retains the information from which model the system copied the parameters

  • 1.Payment Tolerance Days

    • The field is filled with the time value in

      • D – day

      • DT

      • T - week

      • M - month

      • K - Quarter

      • R - year

      • B, stands for the current time unit based on the date, can be entered as a prefix to the time unit, e.g. BM as the current month. D, WD, W, M, Q, Y (e.g. 5D)

  • If it is added, when the first regular installment is penalized, the system will start penalizing this installment after this number of days

  • Description

    • Detailed description of the financing contract model

  • Recalc Last Payment Principal

    • This check mark affects the deployment of installments in the financing contract from the financial calculator (calculator lines). If the check mark is active, the system will correct the principal amount and interest in the last regular payment so that the total sum of the principal amounts in all payments corresponds to the Input Price + Input Price Change in the header of the financing contract

    • Recommended Setup Yes

  • Financing Type

    • This setting determines the type of financing that is defined by the model. The following options are available:

      • Financial leasing

      • Operative Leasing

      • Credit / Loan

      • Instalment Sale

      • Fleet Management

  • Currency Code

    • The user selects the currency for which they are creating the model.

    • If this is a model for the domestic currency, leave it blank.

  • Status for Contract No.Assignment

    • User selects detailed contract status to change Calculation No. to Contract No. The number change occurs when the detailed status is manually changed to the status in this field.

    • The recommended setting is a blank field. It is recommended to create a contract by clicking on the Create contract from calculation button – in this case, the source calculation will also be preserved in the system and it is possible to create an unlimited number of contracts from it.

  • Down Payment Amount Allowed

    • If the parameter is ON, the user can enter the first increased payment into the calculation, or in the Financing Product, the Calculation Parameters subform

  • Sell Fee Amount Allowed

    • If the parameter is enabled, the user can enter the sales fee into the calculation, or on the Financing Product, the Calculation Parameters subform

  • Residual Value Amount Allowed

    • If the parameter is enabled, the user can enter the residual value into the calculation on the Financing Product, Calculation Parameters subform

  • Always Calendar Month

    • If the value of the field is YES, then

      • The first period of the payment calendar is from the Calculation Start Date to the last day of the month

    • B.C.

      • Calculation start date = 18.5.2023

      • First period = 18.5.2023 to 31.5.2023

      • The latest period is from the first day of the month of the Expected Termination Date to the Expected Termination Date

    • B.C.

      • Expected termination date = 17.5.2026

      • Last period = 1.5.2026 to 17.5.2026

      • The intermediate periods are always from the first day of the month to the last day of the month

    • Pr

      • Second period = 1.6.2023 to 30.6.2023 (the next period is the same)

      • If the value of the field is NO, then

    • The first period of the payment calendar is from Calculation Start Date + month and subsequent periods always add a month

    • B.C.

      • First period = 18.5.2023 to 17.6.2023

      • Second period = 18.6.2023 to 17.7.2022

      • Last period = 18.4.2023 to 17.5.2023

  • Always Create Down Payment Line

    • With this check mark, the user can force the creation of a line with a down payment (the so-called zero payment) for a given contract model, always even if the down payment has a zero value.

    • The recommended setting is No

  • Create Line with residual Value/Sales Price

    • The default value of the field is NO, which means that the system will never create a row with a residual value

    • If the user changes the value to YES, then the system creates a row with the residual value, but only if the residual value is non-zero

  • Calculation Starting Date eis Handover Date

    • The default value of the field is NO, which means that the system inserts into the Calculation Start Date field the first day of the following month that is specified in the Expected Handover Date (in the calculation) or Handover Date (when the contract is activated)

    • If the user changes the value to YES, then the system inserts the value of the Expected Handover Date (in the calculation) or Handover Date (when the contract is activated) field into the Calculation Start Date field

  • Aliquote Payment at Beginning Only

    • In combination with other parameters, it specifies that the aliquot payment should arise only at the beginning of the financing contract (used for contracts with services – Operative Leasing and Fleet Management)

    • Combination of parameters:

      • Always Calendar Month = Yes and

      • Calculation start is Handover Date = No (turns on the editability of the Aliquot field is at the beginning)

      • Base for Calculation Start Date=EXPHOD (Estimated Handover Date)

      • Calc. for calculation start date=BM+1D

  • Automatic Contract Extension

    • It is used in contracts with services. When invoicing installments, the system detects whether the item has been returned (Object Return Date on the Item is not empty). If the item has not been returned and Auto-Renewal = Yessystem:

      • Switches the contract to the so-called automatic renewal (contract flag Contract Extension = Yes)

      • On the first renewal, copying the last regular payment will create two additional installments

      • On subsequent renewals, it creates a single installment.

      • Etc. For a detailed description, see PD OL Contract.

    • Editable only if the Aliquot is only at the beginning = Yes, otherwise no.

  • Allow Partial Payment Credit

    • Editable only if Aliquot only at the beginning = Yes, otherwise no.

      • Change Aliquot only at the beginning on No automatically deletes the value (sets it to No) and turns off the editability of the field.

    • If Yes, the wizard for changing the detailed status will create a line for a partial credit note of the last posted payment in the payment calendar when the contract is terminated (e.g. an object is returned). The exact mechanism is described in the Změny smlouvyContract Changes.

  • IFRS Payment Posting

    • Yes/no checkbox (checked/unchecked)

    • Only preparation for future functionalities, Currently unused

  • Don ́t check REFI code Fin.Period

    • When changing the financing period, the system normally checks whether the REFI code rates comply with the new financing period or are valid.

    • If the user wants the system not to perform this check when changing the contract duration by the wizard 4026635 (i.e. the "old" recalculation wizard or 4026638 the "new" recalc.wizard), the system switches this flag to N.

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