Oracle® Insurance Policy Administration 9.4.1.0 E23637_01

# Monthly Processing

Monthly Processing is used to calculate premium for any monthly fees, charges or costs. Mortality charges will be taken for this product. This premium is then taken on a pro-rata basis from the unit linked funds attached to the policy. The fund movement process allows the system to process multiple movements into or out of funds on a single activity. The activity supports backward type NAR and coverage currency management (backward pricing).

This activity is automatically generated. It is spawned from the Issue activity and then continuously spawns itself each month. This activity never sits in NUVPending or Gain/Loss status. Instead, it uses the last know fund price when the activity processes.

When the activity is processed, a warning icon will be generated. This stops the activity processing just after assignments have been processed but before spawns and accounting have been processed. To override the warning, click the warning icon and check the Override box.

## Activity Details

After the activity processes, click the Activity Detail icon to see how the money was applied to the policy. The Allocations link displays the fund information. Expand the plus box to see the exchange information.

###### Activity Detail Window for InitialFundReallocation Activity

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