SE-2133
| [SE-2133] To enhance Deposit calculation rules to automatic calculate deposit on proportional Treaty OCC | |
|---|---|
| Product Line: | P&C |
| Component/s: | Accounting General |
| Fix Version/s: | SICS 20.1 |
Aim of function
To enhance premium deposit condition by introducing a new Premium Deposit Calculation Method 'Percent of Combination' having impact when running the Retrocession Calculation Order. In addition, a new field 'Percent Combine' with a percent field and a Premium Basis field are introduced on the Premium Deposit Condition.
Premium Deposit Retain will be calculated as following;
(ORP Premium + ORP Deductions + ORP Claim paid * Deposit %) - (ORP Premium * Combine %） -1*
WVAT + VAT may be included in the calculation
System Parameters Affected
N/A
Existing functionality affected
- Proportional Retrocession Calculation Order
- Calculation of Premium Deposit
