updateContractPartyRoleSituation
- Description
- This transaction updates the information for an existing party role situation on a given contract role of a given contract component.
- Web Services
- Operation name: updateContractPartyRoleSituation
- Example
- In the financial services industry, a party role situation on a component could be a split-dollar majority ownership right or limited ownership right, a time delay arrangement, and others.
- Usage information
- The required input for this transaction includes the party role
situation ID (key) and last update date.
To end a party role situation, use this transaction to set the end date.
Essentially, all of the information that can be added as part of the addContractPartyRoleSituation transaction, including the role situation type, the role situation value, and others can be changed through this transaction.
- Preconditions
- Contract party role situation must exist.
- Mandatory input
- LastUpdateDate
- Inquiry levels
- Not applicable
- Filter values
- Not applicable
- Transaction behavior
- Not applicable
- Request message
- <TCRMTxType> UpdateContractPartyRoleSituation
<TCRMTxObject> TCRMContractPartyRoleSituationBObj
<TCRMObject> TCRMContractPartyRoleSituationBObj
- Response objects
- TCRMContractPartyRoleSituationBObj
- Special note
- Not applicable