Valuation Elements

 

Description

The valuation elements initiate the valuation functionality.  A valuation will be run for a policy prior to the activity being processed.  The valuation information can be used during activity processing. 

Valuation Element

If included, the valuation engine will be called and a record is written to AsValuation.  The values will be PRIOR to the activity processing.  This element should be included if the Assignment element is included.

 

Valuation Elements Element/Attribute Table

Element/Tag

Definition

Attribute

Element/Attribute Value and Description

<Valuation>

This is the start and end tag for the element.

EFFECTIVEDATE

 

 

 

POLICYVALUES

 

String:  As of date for valuation. Overrides the date set in the EffectiveDate tag. 

 

Yes or No:  If Yes, applicable PolicyValues business rule will be run in conjunction with Valuation processing. If not configured and rule is present then PolicyValues will run. Default is Yes.  

<EffectiveDateNUVMustExist>     

 

 

Yes:   NUVs as of the activity effective date must be present in order for the transaction to process.

No: Product only contains fixed funds. 

<SystemDateNUVMustExist>     

 

 

Yes:  NUVs as of the system effective date must be present in order for the transaction to process.

No: Product only contains fixed funds.  

 

XML Example

<Valuation>
<EffectiveDateNUVMustExist>No</EffectiveDateNUVMustExist>   
<SystemDateNUVMustExist>No</SystemDateNUVMustExist>
</Valuation>

 

OR

 

<Valuation>
<EffectiveDateNUVMustExist>Yes</EffectiveDateNUVMustExist>
<SystemDateNUVMustExist>No</SystemDateNUVMustExist>
</Valuation>