Merge pull request #231584 from bandersmsft/sp-updates-03212023

MCM - Misc updates for savings plan trade-in note

Author: prmerger-automator[bot]

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

@@ -7,7 +7,7 @@ ms.service: cost-management-billing
 ms.subservice: reservations
 ms.custom: ignite-2022
 ms.topic: how-to
-ms.date: 02/10/2023
+ms.date: 03/21/2023
 ms.author: banders
 ---
 
@@ -20,9 +20,9 @@ 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 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).
+> 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).
 >
-> 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.
+> 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).
 
 When you exchange a reservation, you can change your term from one-year to three-year.
 
@@ -58,23 +58,23 @@ To refund a reservation, go to **Reservation Details** and select **Refund**.
 
 You can return similar types of reservations in one action.
 
-When you exchange reservations, the new purchase currency amount must be greater than the refund amount. If your new purchase amount is less than the refund amount, you'll get an error. If you see the error, reduce the quantity that you want to return, or increase the amount to purchase.
+When you exchange reservations, the new purchase currency amount must be greater than the refund amount. If your new purchase amount is less than the refund amount, an error message appears. If you see the error, reduce the quantity that you want to return, or increase the amount to purchase.
 
 1. Sign in to the Azure portal and navigate to **Reservations**.
 1. In the list of reservations, select the box for each reservation that you want to exchange.
 1. At the top of the page, select **Exchange**.
 1. If needed, revise the quantity to return for each reservation.
-1. If you select the auto-fill return quantity, you can choose to **Refund all** to fill the list with the full quantity that you own for each reservation. Or, select **Optimize for utilization (7-day)** to fill the list with a quantity that optimizes for utilization based on the last seven days of usage. **Select Apply**.
+1. If you select the autofill return quantity, you can choose to **Refund all** to fill the list with the full quantity that you own for each reservation. Or, select **Optimize for utilization (7-day)** to fill the list with a quantity that optimizes for utilization based on the last seven days of usage. **Select Apply**.
 1. At the bottom of the page, select **Next: Purchase**.
 1. On the purchase tab, select the available products that you want to exchange for. You can select multiple products of different types.
 1. In the Select the product you want to purchase pane, select the products you want and then select **Add to cart** and then select **Close**.
 1. When done, select **Next: Review**.
 1. Review your reservations to return and new reservations to purchase and then select **Confirm exchange**.
 
-## Exchange non-premium storage for premium storage
+## Exchange nonpremium storage for premium storage
 
 You can exchange a reservation purchased for a VM size that doesn't support premium storage to a corresponding VM size that does. For example, an _F1_ for an _F1s_. To make the exchange, go to Reservation Details and select **Exchange**. The exchange doesn't reset the term of the reserved instance or create a new transaction.
-If you're exchanging for a different size, series, region or payment frequency, the term will be reset for the new reservation. 
+If you're exchanging for a different size, series, region or payment frequency, the term is reset for the new reservation. 
 
 ## How transactions are processed
 
@@ -113,8 +113,8 @@ Azure has the following policies for cancellations, exchanges, and refunds.
 **Refund policies**
 
 - We're currently not charging an early termination fee, but in the future there might be a 12% early termination fee for cancellations.
-- The total canceled commitment can't exceed 50,000 USD in a 12-month rolling window for a billing profile or single enrollment. For example, assume you have a three-year reservation (36 months). It costs 100 USD per month. It's refunded in the 12th month. The canceled commitment is 2,400 USD (for the remaining 24 months). After the refund, your new available limit for refund will be 47,600 USD (50,000-2,400). In 365 days from the refund, the 47,600 USD limit will be increased by 2,400 USD and your new pool will be 50,000 USD. Any other reservation cancellation for the billing profile or EA enrollment will deplete the same pool, and the same replenishment logic will apply.
-- Azure won't process any refund that will exceed the 50,000 USD limit in a 12-month window for a billing profile or EA enrollment.
+- The total canceled commitment can't exceed 50,000 USD in a 12-month rolling window for a billing profile or single enrollment. For example, assume you have a three-year reservation (36 months). It costs 100 USD per month. It's refunded in the 12th month. The canceled commitment is 2,400 USD (for the remaining 24 months). After the refund, your new available limit for refund is 47,600 USD (50,000-2,400). In 365 days from the refund, the 47,600 USD limit increases by 2,400 USD. Your new pool is 50,000 USD. Any other reservation cancellation for the billing profile or EA enrollment depletes the same pool, and the same replenishment logic applies.
+- Azure doesn't process any refund that exceeds the 50,000 USD limit in a 12-month window for a billing profile or EA enrollment.
     - Refunds that result from an exchange don't count against the refund limit.
 - Refunds are calculated based on the lowest price of either your purchase price or the current price of the reservation.
 - Only reservation order owners can process a refund. [Learn how to Add or change users who can manage a reservation](manage-reserved-vm-instance.md#who-can-manage-a-reservation-by-default).

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

@@ -8,7 +8,7 @@ ms.service: cost-management-billing
 ms.subservice: savings-plan
 ms.custom: ignite-2022
 ms.topic: how-to
-ms.date: 03/16/2023
+ms.date: 03/21/2023
 ms.author: banders
 ---
 
@@ -28,7 +28,9 @@ 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 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).
+> 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. 
+>
+> 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).
 
 Although compute reservation exchanges will end on January 1, 2024, noncompute reservation exchanges are unchanged. You're able to continue to trade-in reservations for saving plans.