P&I NPV (FI) Early Termination

P&I NPV (FI) Early Termination

Process

A Termination Reason will be selected, and the termination date changed if necessary.

The discount rate will be entered that will be used to work out the NPV value of all future instalments that remain unposted. A non-editable Residual Value will display.

This is the value of the Final Instalment plus taxes from the  dialog. Make any further alterations calculate the desired Termination Amount.



Make any further alterations required to calculate the desired Termination Amount

[F2] to highlight and  the appropriate Communication Type if required

Check Mark Comm. As Printed if the communication is to be created but not printed

 to post the transactions


 to Early Terminate the Lease, or  to make any changes

The Transaction list will look like:


Each Early Termination Transaction will have a Reference of EARLY. The credit instalment value is less than the debit instalment value as GST has been added. There was default interest on the arrears balance that has been charged at the same time. A credit entry will be posted for the NPV discount decreasing the Payout Amount. This amount is inclusive of Taxes.


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