Execute Valuation in Functions

This feature adds an enhancement to the Math section of a user defined function that expands the capability of executing the functions.

Prerequisites

User should be able to add the "FunctionValuation" transaction in PAS application.

New Items

A new transaction called "FunctionValuation" is added at the "Functional Prototype Plan" level.

Transaction name: FunctionValuation

Company name: Prototype Individual Child Company

Product Name: Individual Prototype Product

Plan Name : Functional Prototype Plan

Function Name : Function-Valuation

Configuration Details

• The "FunctionValuation" transaction will have fields to capture valuation date and nearest price configured in it.
  • This transaction will give true or false to indicate whether the price for valuation used to value the policy were of the exact ValuationDates specified or the nearest price dates.
  • The transaction is configured at the 'Fucntional Prototype Plan' level and will have a new user defined function "Function-Valuation" called in it. This user defined transaction inturn calls the inbuild function MathValuation.
  • The output parameter returns true or false to indicate whether the fund prices used to value the policy as of the exact ValuationDates specified or the nearest price dates.
  • This new function will call the 'ActivityFunction' 'MathValuation' inside of it in the mathvariable section.

Result:User should be able to see the output of the 'ActivityFunction' which comes from "Function-MathValuation" in the mathsection after processing the activity.