Lease and Finance Management - EBS (MOSC)

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Disburse Residual Value to Investor when asset has been remarketed

edited Jul 1, 2010 7:03AM in Lease and Finance Management - EBS (MOSC) 4 commentsAnswered
Hi

If the RV of an asset is part of an investor agreement and the asset is terminated without purchase and sold at a later date through the remarketing process, when are the proceeds of the sale disbursed to the Investor?

I have created an investor agreement where the Residual Share is 100% and the Payment Event is billing.  I terminated an asset and then sold it via the remarketing process in OKL/OM and generated an invoice for the sale in AR.

I was expecting to see a Investor Residual Payable stream when the invoice for the sale of the asset was created, but I have not seen one.  At what point should the sale of the returned asset be disbursed to the Investor?

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