API used to validate contract in Oracle Lease and Finance Management(OLFM)

• After you create contracts in NEW status, you must validate them before you continue the activation process. 

• After successful validation, the contract is updated to PASSED status. If there are any errors, Lease and Finance Management updates the status to ERROR or WARNING. 

• You can submit a contract for validation from the Lease Management contract authoring pages to process each contract separately and view each validation message. 

• If you want to process as a batch, you can call a private Lease and Finance Management API to process the validation.

• Use the following API to validate a contract which is in NEW status

API Name	Description
OKL_CONTRACT_BOOK_PUB.VALIDATE_CONTRACT()	This program will submit the contract for validation

• This API can be called one contract at a time.
  Note:- There is no parallel processing or bulk processing capabilities for the validation program.