| [SE-2159] Profit Commission Management Expenses | |
|---|---|
| Product Line: | P&C |
| Component/s: | Accounting General |
| Fix Version/s: | SICS 4.9.5 |
Aim of function
The aim of the function is to be able to book Management Expenses through the Proportional Retrocession Estimation Calculation/Retrocession Calculation Order. The result of the calculation is booked with an Entry Code defined for Calculation 'Management Expenses' in the system parameter Accounting/Entry Code/Accounting Function 'Retrocession Estimation Acccounting Proportional Treaty'/'Retrocession Accounting Proportional Treaty'.
The Basis for the calculation is Premium Basis selected for the Management Expenses
System Parameters Affected
New system parameter Accounting/Entry Code/Accounting Function 'Retrocession Estimation Accounting Proportional Treaty'/ 'Retrocession Accounting Proportional Treaty', Calculation 'Management Expenses'.
The result Entry Code is an Entry Code within the Entry Code Sub Category 'Management Expenses'/Entry Code Category 'Informational'
Existing functionality affected
- Profit Commission Condition
- New flag 'To Be Booked' on the Management Expenses on Proportional OCC/ORP business
- Retrocession Estimation Calculation/Retrocession Calculation Order
- Profit/Loss Basis must include the Entry Code defined for the Management Expenses to have the Profit/Loss calculated correctly when this new flag is selected. When the new flag is not selected, the Profit/Loss Basis should not include any Entry Code for Management Expenses