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Modified positions that are non-final are rolled over to the subsequent period's dataset.
Adjust for a Change in Judgement (CIJ)
You can adjust a position for a change in judgement in the current period. Information that you may need to adjust in the current period include the outlook for the amount, the rate, and/or penalties.
Adjust for a Change in Interest (CII)
Update to an existing position for a change in accrued interest.
Adjust for Return to Provision (RTP)
You can adjust a position for the return to provision in the current period. You may need to adjust the amount that differs from the prior period as a result of the impact of a true-up item or a change in interest or penalties.
Enter a Settlement - Partial (SET-NF)
Partial settlements enable for a portion of a position to be settled while the remaining balance continues to be uncertain.
| 1. | Select Enter a Settlement from the Modify menu. |
| 2. | Click Non-Final. Positions modified in this way cannot be modified again in the current dataset. The position can be rolled over to a subsequent period's dataset and the position can be modified in that dataset. |
| 3. | The Enter Non-Final Settlement page appears. |
| • | If you click Save without filling in any fields, all amounts are marked as NLU and appear in the appropriate Change column in reports. A message appears, and you can click Yes to continue or No to return to the workflow to make changes. |
| • | Amounts entered in the Settlement Outlook column appear in the Settlement column/row in reports when the appropriate Gross/Benefit option is selected. |
| • | Amounts entered in the Remaining Balance column appear in the Ending Balance column/row in reports when the appropriate Gross/Benefit option is selected. |
Rollover of Partial SET Positions
| • | Once a position is rolled over, the workflow is complete, based on last known values and applicable amounts from the Remaining Balance column. |
Note:
When entering a partial settlement for a position, to undo the entered information:
| 1. | Click Undo Final Position from the Item's Menu. |
| 2. | Click Yes to undo the entered Settlement information and reset the position's status. All previously entered settlement information is discarded. The status of the position will change back to its previous status before modifications were applied. |
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