High Level Steps to Configure for Valuation
Several portions of configuration must be completed before the valuation functionality will become enabled. Keep the following information in mind when configuring valuation.
Plans
Make sure the type of valuation is selected at the plan level. To check this on an existing plan, right-click on the plan name and select Edit Plan. This opens the Plan Maintenance window, where the type of valuation can be selected.
If the plan previously used traditional valuation and now needs to use Point in Time valuation, the valuation type can be converted.
Funds
Initially, funds must be configured for each plan that will use valuation. After funds are configured, additional business rules can be configured as desired to suit specific business needs.
Business Rules
The following list contains commonly used valuation-related business rules:
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InterestRateCalculation business rule
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Rates, as required for use in the InterestRateCalculation business rule
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Valuation Calculation, such as FreeAmountFormula and/or MVA
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For variable funds, GainLossCalculations business rule
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PolicyValues business rule
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ValuesScreen and/or InquiryScreen business rule
There are other rules that may be configured depending on the type of funds you are using. Refer to the Funds section for additional information about fund types.
Transactions
In order for Valuation to be executed, transactions requiring Valuation must have the <Valuation> section properly configured. In many cases where Allocations and Assignments are also used, the <Allocations> and <Assignment> sections must also be configured.
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