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

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@@ -22,7 +22,7 @@ You can also exchange a reservation to purchase another reservation of a similar
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> [!NOTE]
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> 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 Azure Reserved Virtual Machine Instances, Azure Dedicated Host reservations, and Azure App Services reservations. For more information about the exchange policy change, see [Changes to the Azure reservation exchange policy](reservation-exchange-policy-changes.md).
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> You may [trade-in](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 and how it works with reservations](../savings-plan/index.yml).
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> 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 and how it works with reservations](../savings-plan/index.yml).
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When you exchange a reservation, you can change your term from one-year to three-year.
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