Execute Valuation in Functions
From Oracle Insurance Rules Palette
Execute Valuation in Functions
This feature adds an enhancement to the Math section of a user defined function that expands the capability of executing the functions.
Prerequisites
User should be able to add the "FunctionValuation" transaction in PAS application.
New Items
A new transaction called "FunctionValuation" is added at the "Functional Prototype Plan" level.
Transaction name: FunctionValuation
Company name: Prototype Individual Child Company
Product Name: Individual Prototype Product
Plan Name : Functional Prototype Plan
Function Name : Function-Valuation
Configuration Details
- The "FunctionValuation" transaction will have fields to capture valuation date and nearest price configured in it.
- This transaction will give true or false to indicate whether the price for valuation used to value the policy were of the exact ValuationDates specified or the nearest price dates.
- The transaction is configured at the 'Fucntional Prototype Plan' level and will have a new user defined function "Function-Valuation" called in it. This user defined transaction inturn calls the inbuild function MathValuation.
- The output parameter returns true or false to indicate whether the fund prices used to value the policy as of the exact ValuationDates specified or the nearest price dates.
- This new function will call the 'ActivityFunction' 'MathValuation' inside of it in the mathvariable section.
Result:User should be able to see the output of the 'ActivityFunction' which comes from "Function-MathValuation" in the mathsection after processing the activity.