7.10.4.1 Handling Prepayment on Rolled-over Contracts

After rollover, you can make a prepayment for the child contract (which will be a new version on the parent contract).

For contracts where forward-dated rollover instructions are captured and prepayment is done on the value date of the contract (start of new interest period), the system sends the cancel message for new interest period to Intellect, though the contract data is not updated immediately to new interest period.

For contracts where forward-dated rollover instructions are captured and prepayment is done on the value date of the contract (start of current interest period), the system sends the cancel message for new interest period to Intellect, though the contract data is not updated for the new interest period. Additionally, it sends a cancel message for the current interest period.