Oracle® Insurance Rules Palette 9.4.0.0 E18894_01

# Use Last Known Prices

There are times when an activity cannot sit in NUV Pending status, but should instead process with last known prices. An example of this type of activity is Monthly Processing. OIPA can look back to retrieve last known prices and dates for calculating valuation units and amounts to write during assignment processing.

A Math Statement function calledFindLastExchangeDatePricing will always use the last known exchange dates from the Market Maker’s exchange rate table entries that are equal to or less than the activity’s effective date. The allocated funds will use the same last date price lookup disregarding all offset values.

In the case where the same function is called more than once or both functions area executed in the same transaction, the Assignment logic will reference the output values of the last one executed.

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