Scheduled Valuation Overview
Scheduled valuation calculates the value of a group of policies at a specific time and stores that value for subsequent use. The time interval for running the scheduled valuation and the frequency at which policies valued can be selected by the client. Typically, these intervals are quarterly, semi-annually or annually.
Determine Timing for Scheduled Valuation
Scheduled/daily valuation is invoked by a rule called ScheduledValuation, which is attached to Plan-Financial type transactions. Within this rule is a Query tag that contains a SQL query that will determine what policies in the current plan should have valuations performed. The PolicyValues tag will specify whether or not the PolicyValues rule should be processed during the valuations. By default, PolicyValues will be processed according to the plan's setup. This tag provides a way to override the plan's current setting for whether or not PolicyValues should run. The WriteDeposits tag will contain a math variable that resolves to either Yes or No. By default the value will be Yes. This tag controls whether or not the scheduled valuation code should write deposit records to the AsScheduledValuationDeposit table. The math variable will be resolved against the transaction and the policy values rule. The Deletes tag will continue to support recovery processing in the event valuation must be re-processed.
The transaction type for Scheduled valuation is Plan-Financial.
View scheduled valuation prototype.
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