Search Results project transfer




The OKL_OPEN_INT_PRTY table in Oracle E-Business Suite (EBS) versions 12.1.1 and 12.2.2 is a critical data structure within the Oracle Lease and Finance Management (OKL) module. This table stores information related to open interest parties associated with lease or loan contracts, playing a pivotal role in tracking financial obligations, ownership interests, and contractual relationships. Below is a detailed analysis of its purpose, structure, and integration within Oracle EBS.

Purpose and Functional Context

The OKL_OPEN_INT_PRTY table is designed to manage open interest parties—entities with financial or legal stakes in lease or loan agreements. These parties may include lessors, lessees, guarantors, or investors. The table ensures accurate record-keeping of their roles, entitlements, and obligations, facilitating compliance, revenue recognition, and risk management. It integrates with other OKL tables like OKL_K_HEADERS (contract headers) and OKL_PARTY_ROLES to provide a comprehensive view of contractual relationships.

Key Columns and Data Structure

The table's schema includes columns such as:

  • ID: Primary key, uniquely identifying each record.
  • KHR_ID: Foreign key linking to the contract header in OKL_K_HEADERS.
  • CLE_ID: References the contract line in OKL_K_LINES for line-level party associations.
  • PRP_CODE: Party role code (e.g., "LESSOR," "LESSEE") defining the party's contractual role.
  • OBJECT_VERSION_NUMBER: Tracks record versioning for concurrency control.
  • CREATED_BY/CREATION_DATE/LAST_UPDATED_BY/LAST_UPDATE_DATE: Audit columns capturing user and timestamp data.

Integration with Oracle EBS Modules

The table interacts with:

  • OKL Contract Management: Ties party roles to lease/loan contracts for accurate financial reporting.
  • General Ledger (GL): Supports journal entries by identifying responsible parties for revenue/cost allocation.
  • Accounts Receivable (AR): Links to customer accounts for billing and collections.
  • Subledger Accounting (SLA): Ensures compliance with accounting standards by associating parties with financial events.

Business Process Impact

In lease accounting, OKL_OPEN_INT_PRTY enables:

  • Multi-Party Contracts: Manages complex agreements involving lessors, lessees, and third-party investors.
  • Compliance: Aligns with ASC 842/IFRS 16 by tracking lease obligations and ownership interests.
  • Revenue Recognition: Identifies parties entitled to payments or fees, ensuring accurate revenue splits.

Technical Considerations

For customization or reporting:

  • Indexes: Typically includes indexes on KHR_ID and CLE_ID for performance.
  • APIs: Oracle provides PL/SQL APIs (e.g., OKL_CONTRACT_PUB) to manipulate data programmatically, ensuring data integrity.
  • Security: Access is controlled via Oracle's role-based security model (e.g., "OKL_LEASE_ADMIN").

Conclusion

The OKL_OPEN_INT_PRTY table is a cornerstone of Oracle Lease Management, enabling precise tracking of contractual relationships and financial obligations. Its integration with core EBS modules ensures seamless lease accounting, compliance, and operational efficiency. Understanding its structure and functionality is essential for implementing or customizing lease processes in Oracle EBS 12.1.1 or 12.2.2.