That's correcti cant really by 10000% certain, but it looks like you are going to need to remove the factory terminal, strip the wire back a bit and insert it into the side holes for wire on the new terminal.
Yup.
Too bad your new terminal doesn't accept ring terminals.
nG
This may sound stupid, but I dont even know how compression fittings are used lol...How do they work?those compression fittings are nice, but they have drawbacks as well, as in this case
is there a battery terminal that does accept it?