“Repricing run” is a function, which will update periodic lease payment based on a change in value of underlying Index.
Before running this, you need to update index Rates (see: How to enter Index Rates)
Go to Role Center ->Monthly Process -> Lease Repricing. Enter Repricing date and clock “OK”.

#### Scenario:
Lease payment amount is based on CPI index and is being repriced every year on January 1st.

1. Enter new lease in the system as per example.
   
   

   Variable Lease Payments part on Lease Agreement Card is hidden by default. You can enable it in Lease Setup in System Feature Configuration tab.

    

2. Sign and Activate Lease (See How to Activate Lease).
3. Run Post to G/L for period 2020-01-01 .. 2020-12-31 (See How to run Monthly postings)
4. Enter new CPI rate for 2021-01-01.
   
5. Run Repricing function with repricing date 2021-01-01.
   
6. Find repriced payment amounts in Lease Payment Schedule (see How to View and Amend Payment Schedule) and Lease Liability recalculated based on new payment amount in Lease Liability Projection (see How to open projections).

Payment schedule

Lease Liability projection