Rescission

Business object for Account Management (FS-AM) that you can use to trigger the rescission of a loan. For more information, see Loans.

If the borrower submits an inquiry about a rescission of a loan, you create a rescission quote by creating and activating an order from the category rescission. This rescission quote informs the borrower and the payment distribution system of the gross rescission amount. This comprises the following data:

Effective capital of the loan
Interest at due date
Rebate of insurance premiums
Suspense amounts (Payment Distribution Items in Postprocessing)

When the payment distribution system receives the incoming payment made by the customer, the order is notified and the money used to clear the balance of the loan early.

When you execute the rescission order, the loan account will be closed if the rescission amount is cleared and all billings and settlements are reversed.

Structure

The structure description of the rescission function is divided into attributes, methods and customer enhancements. For more information, see Order Management.

Attributes

Reason for Rescission
Reason for deactivation of Rescission
Correspondence for activation
Correspondence for deactivation
No Charges indicator

Methods

In Account Management (FS-AM), you can use one of the following channels for processing objects:

Dialog

Dialog

The Rescission function can use the Entry Origin or Processing Origin field to identify the channel used to process it. This can be the dialog channel for which the system displays the entry origin BORESC (Loan Rescission Dial). You can call the dialog processing using transaction BCA_OR_RESC.

You can call the following methods using dialog processing:

Create and enter
Create and activate
Change and enter
Change and delete
Change and activate
Change and deactivate
Display

Business Application Programming Interface

BAPIs are not available.

Direct Input

Direct input is not implemented for rescission. The payment distribution system can trigger the scheduling of the order execution using an RFC connection. The system then displays BARESC (Loan Rescission-RFC) as the processing origin.

The methods can change the order status of the rescission.

Customer Enhancements

You can use the following Business Add-Ins (BAdIs) for the rescission of a loan.

BAdI Definition	Interface	Method
BCA_OR_RESC_CHECKS	IF_BCA_OR_RESC_CHECKS	CHECK_ENTRY
		CHECK_CONSISTENCY
BCA_OR_RESC_ORDER_EVENTS	IF_BCA_OR_RESC_ORDER_EVENTS	ACTIVATE
		CLOSE
		CREATE
		DEACTIVATE
		DELETE
		OPEN
		PREPARE
		RESET_ACTIVITY
		SAVE
		SET
BCA_OR_RESC_AUTH	IF_BCA_OR_RESC_AUTH	AUTHORIZE_F_BORS_FCT
		AUTHORIZE_F_BORS_ORG
		AUTHORIZE_F_BORS_RSN
		AUTHORIZE_F_BORS_ACT
BCA_OR_RESC_CORR	IF_BCA_OR_CORRESPONDENCE	IF_FKK_CORR_OUTPUT_REQUEST~OUTPUT_CORR_REQUEST
		IF_BCA_OR_CREATE_CORR_REQ~CREATE_CORR_REQUEST

Integration

When processing cancellations, the corresponding release object and the various authorization objects have a controlling function for the program flow.

The system calls the following objects from Account Management (FS-AM) for processing:

Objects Checked by the System

The system checks the account and displays messages accordingly if one or more of the following requirements have not been met:

The loan account exists.
The account is not In Release.
The account has the 0031 Rescission feature, the traffic light symbol is green and this feature is not locked.
For more information, see Editing Features.
The system runs authorization checks.
You have made entries in all of the mandatory fields.
The planned payment date of the rescission amount is defined.
The planned execution date of the rescission amount is defined.
The declaration date for the order is inside of the legal period for the loan account.
The planned payment date is a working day.

Objects Changed by the System

The order might change the status of insurances assigned to the contract account. The insurance replication report will replicate this change into the account, the insurance system and will post insurance rebates to the loan account.

Objects Generated by the System

Change document
The system generates a change document that meets auditing requirements.
Work item.
The system generates a work item for the release process, if required on the basis of the Customizing settings. For more information, see Release Object: OR_RESC (Rescission).
Payment Distribution directive in the Payment Distribution System, so that a payment order is created by the Payment Distribution System for a bank transfer from the clearing account to the loan account on the basis of the incoming payment made by the borrower.
Payment items for insurance premiums are done via the insurance replication report when an insurance is rescinded
Posting Lock Document in the Posting Lock Management to lock other business operations
Account closure

If required, the system generates correspondence for the following operations:
- Activate
- Deactivate