Requirement around Discount rate being flexible in the system. — Cloud Customer Connect
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Requirement around Discount rate being flexible in the system.

Received Response


Requirement 1:

We need the ability to provide a Discount rate at a specific Asset/Payment level. Is this allowed?

Currently the Discount Rate is available only at the Lease Header level.

Business Use Case:

Our client- would like the ability to have an option to manually type in the discount rate.

They have Leases for each floor and each asset/floor could have a different discount rate which is negotiated.

Setting up a new discount rate for each Lease is in-efficient.

Requirement 2: Ability to designate different discount rate for same lease under US GAAP & IFRS due to a modification and accounting handling between methods are different.

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