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Fixed Funds – Valuation Off By A Penny (Doc ID 2858578.1)

Last updated on MARCH 27, 2022

Applies to:

Oracle Insurance Policy Administration J2EE - Version and later
Information in this document applies to any platform.


On : version, General

It appears that the valuation of Fixed Funds is sometimes off by a Penny in V11.
Users have seen this occur in both Traditional Valuation and PIT Valuation of fixed funds.

The issue can be reproduced at will with the following steps:
1. Login to OIPA.
2. Navigate to Activity Screen on the specific Policy.
3. Add CVForBDPCalc on 11/10/2011.
4. Click Process All.
5. If necessary, Override edit on SIPPay on 2/15/2002 and click Process All again.
6. AddOn on 11/13/2011 will have incorrect value for one of the Fixed Funds in V11.

a. The valuation for the “2 Year Guarantee Period Account” in V10 is all correct.
b. The valuation for the “2 Year Guarantee Period Account” in V11 is off by a Penny.


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