Cancel Binding Period

Owned by Persia Xenopoulou (Deactivated)
Last updated: Nov 30, 2016
2 min read

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When to use Cancel Binding Period

Use Cancel Binding Period Classification to cancel any current customer contracts. 
Subscriptions may be created with or without a contract. When the Subscription is without a contract the subscriber is not bound by any agreement.

View the Information Table below for information related to the Scheduling, Preview Rating and Classification of the Subscription Action. Check the Validations & Restrictions Table below for a list of available Actions, including each Action's related validations, restrictions, additional information and a description of its system process.
View 'Using the Subscription Action Modal' available in Managing Subscriptions for more information on executing the Action.

CANCEL BINDING PERIOD

Subscription Action Information

Action can be scheduledPreview Rate AvailableBehaviour CodeBusiness Classification Code
(tick)(error)AMENDBILLINGTERMSCANCELEDBINDINGPERIODTERMS

Restrictions & Validations

ActionValidationsRestrictionsAdditional InformationSystem Processing
Cancel Binding Period
  • The Action is not allowed if another scheduled Amend Billing Terms Action exists. The user is allowed to schedule the cancellation only after the scheduled Action.
  • The Action is available only if the Subscription is in one of the following Life Cycle States:
    • Draft
    • Effective
    • Not Effective
    • In Resting
  • Agreement Date: The date on which the subscriber cancelled their contract.
  • A new Billing Term instance with no Binding Terms, which replicates the previous one is created and activated.
  • The existing Billing Term is replaced and set it to 'Inactive'.

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