| AXIS
Update Information |
| Update
Summary: |
PV Premium Function In Experience Refund Additional Reserve Adjustment Formula Table |
| Update
Type: |
Enhancement
|
| Version
# : |
12501001 (14 Aug 09) |
| Modules
Affected: |
Regular Life , Disability , Higher Level |
| Changes
Results: |
No
|
| GGY
Job # |
25415 |
| Detailed
Update Description |
In Regular Life and Disability module Subfunds and in the Fund, a PV_Premium function is added in the Experience Refund Section "Additional reserve adjustment" formula table. The function returns, for the current period, the present value of the total premium discounted at the experience refund discount rate.
The timing of the premium cashflow within each period can be defined by a Timing input parameter:
Period end: Timing = 1
Mid period: Timing = 2
Period start: Timing = 3 |
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