11.5 Processing Consolidated Re-Pricing

During consolidation re-pricing, the amount is taken from the child contract into the Re-Price Suspense GL (specified in the Preferences sub-screen of the Branch Parameters – Detail screen) before moving it to the parent contract.

Note:

• You cannot merge child contracts for more than the principle outstanding amount of those contracts. Merge reprice can happen for those contracts which have the same no of active participants with the same participant ratios.
• The system processes all future dated re-pricing entries on BOD of the value date of reprice.
• Re-pricing can be processed only if the balance is zero in all the linked escrow accounts for the contract. Thus during re-pricing, balances in the escrow account is not automatically transferred to the new contract.

This topic contains the following sub-topics:

• Authorizing Override for Consolidated Re-Pricing