Oracle® Rules Palette Release 9.1.0.0.0 E15811-01

# Fund Groups

In OIPA, Fund Groups are used to organize similar funds together whose only difference is their M&E charge. This is done by using the AsFundGroup table to associate Child funds to a Parent fund. Parent and Child funds are used when the same fund is offered but with different M&E charges based on the client’s choice of features added to a policy. OIPA becomes responsible for moving money using the correct child funds.

High Level Steps to Configure Fund Groups

1. Configure the ChildFundScreen rule, which is used to associate a fund with a specific group.

2. Configure the FundListForAllocation rule.

3. Configure Policy Field.

4. Enter the Parent Fund.

5. Generate the Child Funds.

Step 1: Configure the ChildFundScreen Rule

The ChildFundScreen rule must be configured in order to turn on the ability to generate fund groups, identify what type of funds may have child funds and identify the value is to be associated with each child fund for identification.

1. Make sure this business rule is overridden at the Plan level.

2. Configure the <ChildFunds> and <Fund> elements. Please see the V9 XML Configuration topic in this help system for a list of all elements, attributes and values needed for configuration. View Business Rules | Screen Rules | ChildFundScreen.

3. Configure a <Field> element for each child fund. A child fund will be generated using the parent fund information appended with value information for identification.

4. Check-In the rule.

Step 2: Configure the FundListForAllocation

The FundListForAllocation business rule controls the fund names that are displayed in OIPA. You can either display the Parent or Child fund name to the user. If Parent fund names are displayed, child funds will still be applied and used for policy valuation and assignment. In the <BandVariable> element you must identify the field in the Policy screen with the value that holds or identifies the child/parent relationship.

Note: Please see the V9 XML Configuration topic in this help system for a list of all elements, attributes and values needed for configuration. View Business Rules | System Rules | FundListForAllocation.

Step 3: Configure Policy

On the Policy screen you must configure a field that stores the child group fund information available for the plan. You must configure the exact name of the field and option values that are used in the ChildFundScreen configuration. This allows the system to identify the parent/child fund group relationships needed for transaction and allocation processing. See step 1 for the ChildFundScreen configuration.

Step 4: Enter Parent Fund

Refer to step 3 in Creating Funds for the steps involved in this process.

Step 5: Generate Child Funds

After the Parent fund has been established, child funds may be generated.

1. Check-out the parent fund.

2. In the Fund Detail pane, right-click on Fund Groups.

3. Select Generate Child Funds.

4. Check-in the parent fund.