Adjust Binding Period

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

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When to use Adjust Binding Period

Use Adjust Binding Period Classification when the contract needs to be re-adjusted to either start sometime in the future or moved to the past. The Action resets both the Binding Start and End date of the contract.

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.

 ADJUST BINDING TERMS

Subscription Action Information

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

 

Restrictions & Validations

ActionValidationsRestrictionsAdditional InformationSystem Processing
Adjust Binding Period
  • The Action is not allowed if another scheduled Amend Billing Terms Action exists.User is allowed to schedule the adjustment 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

     

    • Adjust By: You can adjust using either positive or negative number (to the future or the past).

 

  • A new Billing Term instance which replicates the previous one is created and activated.
    • The Binding Start and Binding End dates are adjusted by a common period of time. 
  • The existing Billing Term is set to 'Inactive'

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