| [SICSR-15935] REAC Preliminary Accounts generated by PB Order refer ‘closed date’ instead of ‘booking date’ for applying ROE even when Functional Currency Exchange Rules set as ‘Booked Date-Daily Rate’ for ‘Technical Account’ in sys parameter | |
|---|---|
| Product Line: | Cede |
| Component/s: | Accounting Functional Currency |
| Affects Version/s: | SICS 4.7 SSP21 |
| Fix Version/s: | SICS 4.9.3 |
| Customer: | Milli Re |
| External Issue ID: | MILI-1805 |
Problem:
REAC Preliminary Technical Accounts generated by PB Order have ROE applied as per the 'closed date' instead of ROE as on 'booking date' even when Functional Currency Exchange Rules set as 'Booked Date-Daily Rate' for 'Technical Account' in system parameter.
PB order generates 'Closed worksheets' with origin of worksheet 'REAC Preliminary' and for FC amount conversion system directly applies ROE while the PB Order is run. During the process system is not applying ROE as per FC rule set is system parameter, rather is referring 'closed date' on worksheet =PB order run date.
A 'Technical Account' created manualy correctly refers 'Booking Date' on worksheet for FC Amount conversion, as per the FC Rule set in system parameter.
Solution:
When the Preliminary Booking order runs and light details are processed, make sure the system converts to Functional Currencies for the Preliminary bookings on the OCC, according to the Functional Currency Rules for Technical Worksheet in the system parameters.
Workaround:
Root Cause:
Extent of Impact:
Impact on Existing Data
Recovery Method for Existing Data Affected