Calculation/Contract Update

In case of some changes to the contract (even before activation), the calculation payments are recalculated. In the case of contracts with services, these are mainly:

• In the case of contracts with financing with the flag Financing not Mandatory=N (i.e. not Financing Type=Fleet Management), changes that have an impact on the determination of the REFI code and REFI rates.

  • When searching for the REFI code and the rates of the REFI code, the system is based on the parameters of the contract (currency, duration, interest rate type), while it takes into account the Reference Date of the contract when checking the validity of the REFI code and rates.

• Changes that have an impact on the determination of service rates (change of duration, change of contractual mileage, etc.):

  • When searching for the rates of some services, the system is based on the Reference Date

Summary of Fulfillment and Update of Reference Date:

• It is filled in when a calculation/contract is created by the wizard for creation

• Updated:

  • When Interest Rate Type Changes

  • When changing the REFI code

  • When posting an installment in any way

• The Date reference does not update with other changes:

  • Copying Calculation/Contract

  • Create Contract from Calculation

  • Change Duration

  • Change of Yearly or Contractual Mileage

  • Etc.

Summary of compliance and updates of the REFI code and rates:

• It is filled in when the calculation is created by the wizard for creation

• Updated:

  • When the duration is changed (the Reference Date is not updated)

  • when changing the Interest Rate Type

  • when changing the REFI code manually

  • during activation, if the Update on activation=Y flag is enabled on the REFI code Contract Changes

  • when changing the duration/mileage (recalculation) by the wizard, the REFI rates are updated depending on the settings – for a detailed description see PD Contract Changes 

Summary of performance and updating of service rates:

• Service rates are searched for when they are created (Create Default Services or Add service) – detailed description in the chapter Services contracts)

• They may change in the event of a change in the duration of the contract or in the event of a change in the contractual mileage – detailed description of these changes

• When searching for rates, the Reference Date is taken into account (exceptions are tires and raffias, where the current price list is used).