term predating help what is
Meaning of predating. What is it: requested changes ( predating ) and then automatically executing.

Helpful?

Definition predating

PREDATING title: predating (FS-PM) (SAP Library - Glossary)
PREDATING category: Policy Management (FS-PM)
PREDATING explained:

Background process that provides the option of entering the requested changes ("predating") and then automatically executing them with effects on in-force business when when the time model effective date is reached.

This is necessary as it can be that an unscheduled change requested by the policyholder cannot be executed with effects on in-force business on a particular effective date as the contract cannot be updated (positioned) up to this effective date, for various reasons.

The business transaction does not become contract-relevant when the business process is released, but schedules itself as future-dated unscheduled processing in the time model. If the date is reached during background processing, or when positioning before a change, predating is removed.

If predating is removed, the input data is copied from the predated application to the current contract status and the activity is executed when concluding the business transaction (calculation).

[EXAMPLE:]

This problem occurs particularly for ULI contracts for which the fund prices required for future positioning are not yet known.

More terms such as predating in Dictionary P.

Manual Pricing Quantity:
Help A quantity used to determine the price block for a block or scale price.The price amount is then billed for this price block predating definition.
Manual Premium (FIN-FSCM-TRM-TM):
Help Difference by which the market value of a security exceeds its nominal value, usually specified as a percentage. Opposite of discount predating explain.
Manual Primary-Risk-Reducing Effect:
Help Defines which value of a security is to be used to reduce the primary exposure predating what is.
Manual Project Code:
Help A key that clearly identifies a single project. Each key corresponds to a project name entry predating meaning.
Manual Production Resource:
Help Operating facilities and workers that are needed for the production of a material/product predating abbreviation.
  • Dodano:
  • Autor: