incorporated feedback from the team

Author: bandersmsft

articles/cost-management-billing/reservations/exchange-and-refund-azure-reservations.md

@@ -20,7 +20,7 @@ However, you can't exchange dissimilar reservations. For example, you can't exch
 You can also exchange a reservation to purchase another reservation of a similar type in a different region. For example, you can exchange a reservation that's in West US 2 region for one that's in West Europe region.
 
 > [!NOTE]
-> Exchanges will be unavailable for all compute reservations - Azure Virtual Machine reservations, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**. Microsoft launched Azure savings plan for compute and it's designed to help you save broadly on predictable compute usage. The savings plan provides more flexibility needed to accommodate changes such as virtual machine series and regions. With savings plan providing the flexibility automatically, we’re adjusting our reservations exchange policy. You can continue to exchange VM sizes (with instance size flexibility) but we'll no longer support exchanging instance series or regions for these compute reservations. Azure Virtual Machine reservations, Azure Dedicated Host reservations, and Azure App Services reservations purchased **prior to January 1, 2024** will reserve the right to **exchange one more time** after the policy change goes into effect. For more information about the exchange policy change, see [Changes to the Azure reservation exchange policy](reservation-exchange-policy-changes.md).
+> Exchanges will be unavailable for all compute reservations - Azure Reserved Virtual Machine Instances, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**. Compute reservations purchased **prior to January 1, 2024** will reserve the right to **exchange one more time** after the policy change goes into effect. Microsoft launched Azure savings plan for compute and it's designed to help you save broadly on predictable compute usage. The savings plan provides more flexibility needed to accommodate changes such as virtual machine series and regions. With savings plan providing the flexibility automatically, we’re adjusting our reservations exchange policy. You can continue to exchange VM sizes (with instance size flexibility) but we'll no longer support exchanging instance series or regions for these compute reservations.  For more information about the exchange policy change, see [Changes to the Azure reservation exchange policy](reservation-exchange-policy-changes.md).
 >
 > For a limited time you may [trade-in](../savings-plan/reservation-trade-in.md) your Azure compute reservations for a savings plan. Or, you may continue to use and purchase reservations for those predictable, stable workloads where you know the specific configuration you’ll need and want additional savings. Learn more about [Azure savings plan for compute](../savings-plan/index.yml) and how it works with reservations.
 

articles/cost-management-billing/reservations/reservation-exchange-policy-changes.md

@@ -7,16 +7,16 @@ ms.reviewer: nitinarora
 ms.service: cost-management-billing
 ms.subservice: reservations
 ms.topic: conceptual
-ms.date: 02/10/2023
+ms.date: 02/14/2023
 ---
 
 # Changes to the Azure reservation exchange policy
 
-Exchanges will be unavailable for all compute reservations - Azure Virtual Machine reservations, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**.
+Exchanges will be unavailable for all compute reservations - Azure Reserved Virtual Machine Instances, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**. Compute reservations purchased **prior to January 1, 2024** will reserve the right to **exchange one more time** after the policy change goes into effect.
 
 Microsoft launched Azure savings plan for compute and it's designed to help you save broadly on predictable compute usage. The savings plan provides more flexibility needed to accommodate changes such as virtual machine series and regions. With savings plans providing the flexibility automatically, we’re adjusting our reservations exchange policy.
 
-You can continue to exchange VM sizes (with instance size flexibility). However, Microsoft is ending exchanges for regions and instance series for these Azure compute reservations. Compute reservations purchased **prior to January 1, 2024** will reserve the right to **exchange one more time** after the policy change goes into effect.
+You can continue to exchange VM sizes (with instance size flexibility). However, Microsoft is ending exchanges for regions and instance series for these Azure compute reservations.
 
 The current cancellation policy for reserved instances isn't changing. The total canceled commitment can't exceed 50,000 USD in a 12-month rolling window for a billing profile or single enrollment.
 

articles/cost-management-billing/savings-plan/reservation-trade-in.md

@@ -28,7 +28,7 @@ The following reservations aren't eligible to be traded in for savings plans:
 - SUSE Linux plans
 
 > [!NOTE]
-> Exchanges will be unavailable for all compute reservations - Azure Virtual Machine reservations, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**. Azure savings plan for compute is designed to help you save broadly on predictable compute usage. The savings plan provides more flexibility needed to accommodate changes such as virtual machine series and regions. With savings plan providing the flexibility automatically, we’re adjusting our reservations exchange policy. You can continue to exchange VM sizes (with instance size flexibility) but we'll no longer support exchanging instance series or regions for Azure Virtual Machine reservations, Azure Dedicated Host reservations, and Azure App Services reservations. For a limited time you may trade-in your Azure compute reservations for a savings plan. Or, you may continue to use and purchase reservations for those predictable, stable workloads where you know the specific configuration you’ll need and want additional savings. For more information, see [Self-service exchanges and refunds for Azure Reservations](../reservations/exchange-and-refund-azure-reservations.md).
+> Exchanges will be unavailable for all compute reservations - Azure Reserved Virtual Machine Instances, Azure Dedicated Host reservations, and Azure App Services reservations - purchased on or after **January 1, 2024**. Compute reservations purchased **prior to January 1, 2024** will reserve the right to **exchange one more time** after the policy change goes into effect. Azure savings plan for compute is designed to help you save broadly on predictable compute usage. The savings plan provides more flexibility needed to accommodate changes such as virtual machine series and regions. With savings plan providing the flexibility automatically, we’re adjusting our reservations exchange policy. You can continue to exchange VM sizes (with instance size flexibility) but we'll no longer support exchanging instance series or regions for Azure Reserved Virtual Machine Instances, Azure Dedicated Host reservations, and Azure App Services reservations. For a limited time you may trade-in your Azure compute reservations for a savings plan. Or, you may continue to use and purchase reservations for those predictable, stable workloads where you know the specific configuration you’ll need and want additional savings. For more information, see [Self-service exchanges and refunds for Azure Reservations](../reservations/exchange-and-refund-azure-reservations.md).
 
 - You must have owner access on the Reservation Order to trade in an existing reservation. You can [Add or change users who can manage a savings plan](manage-savings-plan.md#who-can-manage-a-savings-plan).
 - Microsoft isn't currently charging early termination fees for reservation trade ins. We might charge the fees made in the future. We currently don't have a date for enabling the fee.