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Oracle® Insurance Rules Palette 9.4.0.0 E18894_01

# Use Specific Exchange Rate Date for Currency Exchange

The OIPA system can perform currency conversion inside of the math using a specified date to determine the exchange rate that should be used. The ExchangeDate attribute added to math variables of TYPE=CURRENCY should be configured to accept a field (Fixed or Dynamic) or math variable containing a date value, which will be used to determine the exchange rate used in the currency conversion.

Acceptable values include a field or math variable holding a date value. The specified date should allow for any date (past, present or future) as long as the rates that correspond to the configured date are present on the AsExchangeRate table for the currencies involved.

## Configuration Requirements

- MonthlyProcessing transaction: This transaction contains a math variable called SumAssuredInBaseCurrency that converts the SegmentAmount field from USD to base currency (THB) using rates as of the specified effective date (Last Known exchange rate for the MarketMaker). Navigate to Global Explorer | Transactions | Monthly Processing (Unit Linked Template).

MonthlyProcessing Transaction in Global Explorer

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