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Transaction Assignment Configuration

The Assignment element is used to configure the application of money into or out of a policy and consequently has an impact on the policy’s value. Ass ignment processing controls the creation of AsValuation records, which record deposits into and out of Funds listed in the Allocation records. Assignment processing is triggered by the presence of the Assignment configuration within a transaction’s configuration. Each subelement of Assignment must have a money type associated with it, since money can be applied to a policy from different sources and must be tracked for auditing and tax purposes.

The application of money-in needs to come from a positive money value from a field or MathVariable. The application of money-out should be from a negative money value from a field or MathVariable.

The Rules Palette offers a variety of ways to assign money-in and money-out. Depending on the assignment chosen the system will require specific input and process money in or out in a pre-defined manner.

For a complete list of assignment types, see the XML Configuration Guide in Tools | Help. Assignment information can be found under Transactions | Transaction Elements | Assignment Elements.

Example of <Valuation> configuration from the Variable Deferred Annuity product template

</Assignment>

Note: For additional information on how to configure assignments in the Rules Palette, see the Assignment section.