Your browser does not support JavaScript!
You are here: Transaction Rules > Transaction Elements > Valuation Element

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

 

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

    POLICYVALUES

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.  

    VALUEFINANCIALENTRY

Optional: 'Yes' or 'No', or a Field with a value of 'Yes' or 'No'.

Yes: Financial entry calculations and math will need to be executed in PolicyValues BR. IsValueFinancialEntry context value will be assigned a values Yes.

No: No financial entry calculation in PolicyValues IsValueFinancialEntry will have value No.

Default Value ="No"

<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>
 

Valuation element in Transaction

<Valuation POLICYVALUES="Yes|No" VALUEFINANCIALENTRY="Yes|No OR FieldName"> </Valuation>

 

Copyright © 2009, 2015, Oracle and/or its affiliates. All rights reserved. Legal Notices