Financial Processing Scenarios

This section of the guide explains the financial processing through scenarios.

The calculation periods used in the scenarios are calendar months and are referred to by their display name. The display names are the combination of MONTH' YEAR. For example a calculation period with the start date 01-Jan-2015 and end date 31-Jan-2015 is referred to as Jan'15.

All Processing Activities

This scenario provides an overview of the financial processing. It outlines the order of the activities and processing steps and their intermittent results.

Re-calculations

This scenario explains the effect of premium re-calculations. It explains the following situations where version(s) of the transactions are in different financial processing steps.

  • The system has processed the initial version of the transactions and has generated a financial message before re-calculation happens.

  • The system has processed the initial versions of the transactions but has not yet generated a financial message before re-calculation happens.

  • The system has added the initial version of the transactions to a Financial Transaction Set when re-calculation happens.

  • The system has not yet added the initial version of the transactions to a Financial Transaction Set when recalculation happens.

A Financial Message is Mandatory for a Financial Transaction

This scenario focuses on the impact of setting the Indicator Financial Message Mandatory to 'Y' on the financial processing activities.

Grouping Financial Transactions in Messages, Invoices and Invoice Lines

This scenario focuses on the usage of the various bulking groups in the financial message generation process.