Double Precision Accuracy

Note: Note: This page is not relevant to 9.5 and greater releases.

The PrecisionValues business rule is used to control the accurate display of fund units and unit values in OIPA. This prototype sample shows the functionality associated with this business rule in OIPA.

Scenario

A CSR adds money to a policy and then checks the three places in the UI that are affected by this configuration to make sure they are showing the correct number of decimal places. The Allocation tab and Valuation tab of the Activity Results screen are checked to ensure the system is using the correct precision for Units and UnitValues. The ValueScreen is also checked to ensure the system is using the correct precision for Units and UnitValues.

Configuration Requirements

The following prototype samples are used to demonstrate this functionality.

  • Two new Variable Funds in the Functional Prototype Plan

    • Variable Fund 1

    • Variable Fund 2

  • ValuesScreen Business Rule

    • Plan Level Override: Defines which columns the application displays on the ValuesScreen. Columns configured include, but are not limited to, Units and UnitValue.

  • PrecisionValues Business Rule

    • Company Level Override: Defines how many decimal places the UI should reveal when displaying Units.

    • Plan Level Override: Defines how many decimal places the UIshould reveal when displaying UnitValues.

Prototype Samples

Two funds were configured so that money could be allocated to them: Variable Fund 1 and Variable Fund 2. Navigate through the following folders in the Main Explorer to view the fund configuration details: Companies | Prototype Company | Subsidiary Companies | Prototype Child Company | Plans | Functional Prototype Plan | Funds.

Precision Funds

Precision Funds in Main Explorer

The ValuesScreen business rule was overridden at the plan level. The columns that display on the Value screen are defined in this business rule. Navigate through the following folders in the Main Explorer to view the rule override details: Companies | Prototype Company | Subsidiary Companies | Prototype Child Company | Plans | Functional Prototype Plan | Plan Rules.

values screen override

ValuesScreen Override in Main Explorer

The PrecisionValues business rule was overridden at the company level. This business rule tells OIPA to calculate up to 10 digits after the decimal point and display two digits after the decimal point. Navigate through the following folders in the Global Rules Explorer to view the rule override details: Business Rules | System | PrecisionValues | Company Overrides.

PrecisionValues Override

PrecisionValues Rule Override in Global Rules Explorer

The PrecisionValues business rules was also overridden at the plan level. This business rule tells OIPA to display four digits after the decimal point for unit values. Navigate through the following folders in the Global Rules Explorer to view the rule override details: Business Rules | System | PrecisionValues | Plan Overrides.

Precision Values Plan Level Override

PrecisionValues Plan Level Override