Valuation Elements
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.
Element/Tag | Attribute | Definition | 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. If set to 'Yes' then all lateral funds for the parent matching the criteria must have prices for the activity effective date. And only funds whose effective date is prior to the activity effective date will be validated regardless of expiration date. 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>