Automatically Update Activity's Effective Date

OIPA can automatically update the effective date of an activity as a way to transfer Gain/Loss to the client. This new functionality is available for Unit Linked activity processing. It validates that an activity can process and then systematically sets the activity’s effective date to the current system date without accessing the UI. The effective date will be updated automatically when criteria is in place that requires the date to be advanced.

A new element, Transitions, will force an activity that would otherwise go into Pending or NUV Pending to go into Queued status. The following transactions in the Unit Linked Template will go to a Queued status if there are prior activities in NUV Pending status that also use any funds that are included in the current activity’s allocations:

Withdrawal is the only transaction that will automatically update the activity effective date; the others will hold the original transaction date.

Navigate to Main Explorer | International Holding Company | Subsidiary Companies | International Child Company | Plans | Unit Linked Template | Transactions | Policy Transactions | Name of Transaction. Open the XML Source pane and scroll down to the Transitions section to view XMLfor this new element.

Navigation to AutomaticInvestment transaction

Navigation for AutomaticInvestment Transaction in Unit Linked Template

ConfigurationRequirements

XML Example

<Transaction>

<EffectiveDate STATUS="Enabled" TYPE="SYSTEM"/>

<Transitions>

<Queue METHOD="VALUATION" ADVANCETOSYSTEMDATE="Yes"/>

</Transitions>

</Transaction>

     
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