C1-DERGRBR

This algorithm is required when the Grace Period Source flag in the delinquency process type is set to Algorithm. It retrieves the business rules of the Delinquency Grace Period Business Rule category which are effective on the processing date when the C1-DPEVTCR algorithm is invoked. Note that the system considers only those effective business rules which are in the Active status.

Once the effective business rules are identified, the system executes these business rules in the order of their priority. Once an individual membership meets the criteria defined in the business rule, the business rule is stamped against the individual membership. The system then derives the Grace Period (Days) flag from the business rule.

The system then checks the grace period of each active individual membership and sets the grace period of the delinquency event to the value derived for the membership with the maximum grace days.

Note: The system derives the individual memberships using an algorithm which is attached to the Memberships Derivation system event of the delinquency process type.