You are here: Configuration > Valuation > Valuation Business Rules > UnitValuePrecision Rule

Oracle® Insurance Rules Palette 9.4.1.0 E23637_01

# UnitValuePrecision Rule

The UnitValuePrecision rule is used to determine the number of digits allowed after the decimal point of a unit. This provides control over the display of the proper unit value to the OIPA end user. This rule can also be used to calculate the unit’s precision at accumulation and benefit level by attaching this rule to the transactions that affects benefit. These values are ultimately stored as units in the AsValuation table. If this rule is not configured then the system will revert to a default setting of ten decimal places.

Note: If you want to use the same unit precision, you can configure the global rule.

## XML Example

<UnitValuePrecision>

<Precision>4</Precision>

</UnitValuePrecision>

Refer to the prototype example in the help for additional information.

## Configuring UnitValuePrecison

1. Navigate to the Global Rules Explorer.

2. Expand the Business Rule folder.

3. Expand the System folder.

4. Right-click on UnitValuePrecision.

5. Select New UnitValuePrecision override. The Override Wizard opens.

6. In step 1, select Next.

7. In step 2, select the level you want the unit precision to apply to.

8. Select Finish.

Configure the unit precision value in the Xml Source Pane of the override of the UnitValuePrecision that was created. Refer to UnitValuePrecision in the XML Configuration Guide for a complete explanation of XML elements and attributes.

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