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Before creating a new contract, check if the contract already exists in HS1 by following the steps in chapter 4.4.1 Find contract number in SAP RE-FX. If contract exists inform LFI and ask for further instruction. If not, the following steps for contracts creation must be processed.
To create new contract in SAP RE-FX, follow below steps: 
1.	Start transaction RECN – PROCESS CONTRACT:
 

1)	Click on CREATE OBJECT.
2)	Select CONTRACT TYPE from drop down list. In this case contract type is CAR – most contracts in MCC BG. Contract type can be chosen from the drop list: 
 
3)	COMPANY CODE – fill in Company code for which contract should be created: 2016 for MCC BG
4)	Click on CONTINUE.
2.	In the new window:
 
1)	CONTRACT START – fill in start date of contract taken from request. When contract starts before current FY – choose first day of current FY as a start date of contract.
2)	TO – fill in end date of contract.
3)	CONTRACT NAME – fill in contract name from the request.
4)	Go to the tab OBJECTS.
 	NOTE: All the dates mentioned above should be given by the LFI in the excel file sent by MSIT tool or in the email.
3.	Next step is in tab OBJECTS:
 
1)	Go to tab OBJECTS.
2)	Click on ASSIGN to add new object to the contract.
3)	Double click on COB CONTRACT OBJECT.
4.	Next step in the same tab:
 
1)	CONTRACT OBJECT - when new object is added fill the same CONTRACT NAME and add  CAR NUMBER/NAME copied from the LFI request.
2)	ACCOUNT ASSIGNMENT – fill in cost center in format CTR 0100/COST CENTER provided by LFI request.
3)	Go to tab POSTING PARAMETERS.
5.	In the new tab POSTING PARAMETERS 
 
1)	FREQUENCY – is selected.
2)	The data is filled in automatically - in contracts usually frequency of payments is 1 per months paid in advance. 
6.	In the next new tab CONDITIONS:
 
1)	Click on INSERT CONDITION.
2)	Choose CONDITION TYPE – V100 for cars. Choose condition according to contract type. When the contract is for car, select V100-CREDIT SIDE BASIC RENT, and when the contract is for buildings and lands, select V200-INDEX RENT. For other cases, inform the LFI and ask condition type via mail MSRV PL - BG FA <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS> according to the Communication Rulebook, which can be find under the link: 
Service Excellence for business - Communication Rulebook
3)	Click on APPLY.
7.	New condition will be added:
 
1)	VALID FROM – system by default fills in the same date as contract start.
2)	UNIT PRICE – fill in value of monthly payment provided by LFI.
ENTER is clicked. 
8.	Next step:
 
1)	Go to tab VALUATION PARAMETERS.
2)	Click on CREATE TERM.
3)	Choose IFRS 16.
4)	Select line with created object COB 0010.
9.	In the same tab:
 
1)	Click on flag to set status to complete.
2)	Click on SAVE to save the contract.
3)	Click on ACTIVATE to activate the contract.
10.	 Click on YES to continue.
 

11.	 System will automatically open first tab GENERAL DATA:
 
1)	Message STATUS WAS CHANGED appears.
2)	SYSTEM STATUS – field value was automatically changed to ACTV REL, which means that contract is active and will generate postings.
3)	CONTRACT – contract number was automatically assigned.
12.	 In the VALUATION tab:
 
1)	Click on PERFORM VALUATION.
2)	When new window PERFORM VALUATION will pop up, click on CONTINUE.
13.	 System will display window with VALUATION RESULT:
 
1)	Go to tab CLEARING.
2)	Check if contract ends with the date given in the excel file. If not, repeat the steps from this chapter to find the issue and correct the contract. 
3)	Click on SAVE.
14.	 To check the correctness of the creation, go to tab OVERVIEWS: 
 
1)	From the tab OVERVIEWS.
2)	Choose VALUATION CASH FLOW from the list for OVERVIEW.
3)	Check if at the end of the contract the amount for clearing (green column) and for depreciation (orange column) ends with tick. That means that contract will get to 0.
15.	 Creation of contract is finished, now print screens are done and saved in .word file for future internal control checks. Save the .word files under the