Precision Values Prototype
The PrecisionValues business rule provides rounding precision convention (i.e. number of digits allowed after the decimal point) for the display of Unit Values, and for the calculation and display of Number of Units. Unit Values and Number of Units are displayed on the following OIPA screens:
- Policy Screen’s Values link
- Activity Result Screen’s Allocation link
- Activity Result Screen’s Valuation linkPrecisionValue business rule
Scenario
A CSR processes an activity that performs money movement in unit capable funds. After the activity processes, the CSR clicks on the Activity Detail icon to open the Activity Results window. The Allocation link is clicked to see the display of units and unit values. The Valuation link is also clicked within the window to see the display of units and unit values. The CSR then navigates to the Values screen to see the display of units and unit values. All values are displaying as defined in the PrecisionValues rule overrides.
Prototype Examples
Each of the components below was configured to determine how units or unit values display in OIPA.
- The IntRateCalcMoneyIn transaction was configured and added to the Dynamic Prototype Plan and the Functional Prototype Plan. The reason for choosing two separate transactions, within two separate plans, is to better demonstrate how the PrecisionValues rule operates across plans and companies, showcasing its ability to provide different rounding and display conventions. Navigate to Global Explorer | Transactions | IntRateCalcMoneyIn .
- The Variable Fund 1 fund was associated to the Functional Prototype Plan and the Dynamic Prototype Plan. Navigate to Main Explorer | Companies | Subsidiary Companies | Prototype Child Company | Plans | Dynamic Prototype Plan (or Functional Prototype Plan) |Funds.
- The PrecisionValues rule was overridden at two levels: Functional Prototype Plan and Prototype Child Company. The Functional Prototype Plan override establishes precision for Unit Values. The Prototype Child Company override establishes precision for Units. Navigate to Global Explorer | Business Rules | System | Precision Values | Company Overrides | PrecisionValues (Prototype Child Company)ornavigate to Global Explorer | Business Rules | System | Precision Values | Plan Overrides | PrecisionValues (Functional Prototype Plan.
- The ValueScreen rule was overridden at two levels to display various valuation items. The overrides can be found in the Dynamic Prototype Plan and the Functional Prototype Plan. Navigate to Global Explorer | Business Rules | Plan Rules | ValuesScreen | Plan Overrides | ValuesScreen (Functional Prototype Plan) or navigate to Global Explorer | Business Rules | Plan Rules | ValuesScreen | Plan Overrides | ValuesScreen (Dynamic Prototype Plan).