LP - Debt Management Module

LP - Debt Management Module

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See attached document for complete details. 

Debt Management creates note payable records for leases discounted through Lease Discounting. The note generated will have the same payment schedule as the lease and will amortize automatically. Entries to record the note activity are generated through the Automatic Payment Update program in the Discounting module, the Note Payment Update feature in Debt Management and the normal month-end process in LeasePlus. Interest accruals are calculated and booked along with a current liability representing the periodic note payment due to the funding source. If the customer payments are going directly to the funding source, the Discounting module will make the appropriate note entries.

Debt Management allows the set up of collateral notes. One lease or a group of leases can be attached as collateral. The system will automatically generate the interest and payment entries to the note. The note will have its own payment stream based on the criteria established during Note Entry. 

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