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Title
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1 - How to calculate and load Interim/Final rates on Everest
Content
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1 +
1 1  
2 -**DISCLAIMER**
3 +(% style="text-align: center;" %)
4 +(% style="color:#2980b9; font-size:28px" %)**CALCULATING AND LOADING INTERIM_FINAL RATES**
3 3  
4 -Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
5 5  
6 -In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
7 7  
8 -EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
8 +(% style="text-align: center;" %)
9 +(% style="color:#2980b9" %)**BY**
9 9  
10 -Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
11 11  
12 12  
13 +(% style="text-align:center" %)
14 +[[image:Calculating and Loading Interim_Final Rates_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
13 13  
14 14  
15 15  
16 16  
19 +(% style="text-align: center;" %)
20 +== (% style="color:#2980b9" %)**How to calculate and load Interim/Final rates on Everest**(%%) ==
17 17  
18 18  
19 -**COPYRIGHT**
20 -
21 -This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
22 -
23 -EBSphere (Pty) Limited
24 -
25 -P.O. Box 785803
26 -
27 -Sandton
28 -
29 -2146
30 -
31 -
32 -
33 -[[image:Calculating and Loading Interim_Final Rates_html_8cba33b1e8c9fa24.gif||height="96" width="344"]]\\
34 -
35 -= {{id name="_How_to_calculate"/}}[[image:Calculating and Loading Interim_Final Rates_html_857ba1e075348553.png||height="13" width="656"]] //How to calculate and load Interim/Final rates on Everest// =
36 -
37 37  Everest is a unit-based system, and therefore requires that rates are converted to a unit price. To do this, a template is provided, for calculating the unit prices. Note that the template may change to accommodate the specific needs of the client, so please discuss your requirements with your EBSphere Consultant so that the correct template is provided.
38 38  
39 39  [[image:Calculating and Loading Interim_Final Rates_html_2d15cc65377c4c7c.png||height="180" width="210"]]
40 40  
41 -== {{id name="_INTERIM_RATE"/}}INTERIM RATE ==
42 42  
28 +(% style="text-align: center;" %)
29 +== (% style="color:#2980b9" %)**INTERIM RATE**(%%) ==
30 +
31 +
43 43  When loading rates for the first time on the Fund, start with a price of 100. If not, determine the unit price as at the last month prior to the new interim rate. E.g., if the interim is being applied for the year 2021, the unit price from Everest to be utilized will be as at 31/12/2020. To do this, ensure that the Parent is selected, go to Client → Investment Products:
44 44  
45 45  [[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
... ... @@ -46,7 +46,7 @@
46 46  
47 47  Double Click on the “UPs” button for the product you want to update:
48 48  
49 -[[image:Calculating and Loading Interim_Final Rates_html_9bb70105408a83b3.gif||alt="Shape2"]] [[image:Calculating and Loading Interim_Final Rates_html_fd2346ffdb565ea6.gif||alt="Shape1"]] [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
38 + [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
50 50  
51 51  A screen will open that reflects the “Used Unit Prices”. These are the prices the system is currently using for calculation of member values and benefits.
52 52  
... ... @@ -65,10 +65,6 @@
65 65  [[image:Calculating and Loading Interim_Final Rates_html_f768b169db3dc5bb.png||height="53" width="304"]]
66 66  
67 67  
68 -
69 -
70 -
71 -
72 72  To calculate the interim rate prices for the next year, insert the MONTHLY interim rate to be used in column B, Return for the Month, for each month of the year. The spreadsheet will calculate the unit prices for each month:
73 73  
74 74  [[image:Calculating and Loading Interim_Final Rates_html_e8af78425277d3fb.png||height="194" width="191"]]
... ... @@ -83,11 +83,10 @@
83 83  
84 84  On the screen that opens, note the **ProductID** for the relevant product:
85 85  
86 -[[image:Calculating and Loading Interim_Final Rates_html_869a8c7ba9c90dc4.gif||alt="Shape4"]] [[image:Calculating and Loading Interim_Final Rates_html_f42a109d80d201ee.gif||alt="Shape3"]] [[image:Calculating and Loading Interim_Final Rates_html_b68b72a894d7efaa.png||height="88" width="366"]]
71 +[[image:Calculating and Loading Interim_Final Rates_html_b68b72a894d7efaa.png||height="88" width="366"]]
87 87  
88 88  Once identified, prepare the Product Price Import file attached.
89 89  
90 -{{id name="_MON_1715679781"/}}\\
91 91  
92 92  [[image:Calculating and Loading Interim_Final Rates_html_d5ab4359b6c55057.gif]]
93 93  
... ... @@ -101,17 +101,17 @@
101 101  
102 102  Locate the “**Import your unit prices**” section:
103 103  
104 -[[image:Calculating and Loading Interim_Final Rates_html_95dcc3ff2a20d022.gif||alt="Shape5"]] [[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
88 +[[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
105 105  
106 106  Click on the second **Import** button – Import Unit Prices for Parent Investment Products:
107 107  
108 -[[image:Calculating and Loading Interim_Final Rates_html_900dbe41cdd5d48d.gif||alt="Shape6"]] [[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
92 +[[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
109 109  
110 110  
111 111  
112 112  Browse to pick up your saved import file:
113 113  
114 -[[image:Calculating and Loading Interim_Final Rates_html_d8dfc5c0148ebda.gif||alt="Shape7"]] [[image:Calculating and Loading Interim_Final Rates_html_591f84d57fbc47ca.png||height="162" width="252"]]
98 + [[image:Calculating and Loading Interim_Final Rates_html_591f84d57fbc47ca.png||height="162" width="252"]]
115 115  
116 116  Select **Save** and **Execute.**
117 117  
... ... @@ -118,7 +118,7 @@
118 118  
119 119  A report will be produced indicating that the headings were recognised.
120 120  
121 -[[image:Calculating and Loading Interim_Final Rates_html_aff8d6cbf4eba266.gif||alt="Shape8"]] [[image:Calculating and Loading Interim_Final Rates_html_160a7632760e70b4.png||height="153" width="452"]]
105 + [[image:Calculating and Loading Interim_Final Rates_html_160a7632760e70b4.png||height="153" width="452"]]
122 122  
123 123  
124 124  To confirm the rates were correctly imported, while on the Parent go to:
... ... @@ -127,13 +127,6 @@
127 127  
128 128  [[image:Calculating and Loading Interim_Final Rates_html_c2201debac9c4fd5.png||height="149" width="244"]]
129 129  
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 137  Once satisfied that the unit prices have been successfully imported, the prices are required to be linked for use in calculating the member values and benefits for the interim rate period.
138 138  
139 139  Go to Accounts → Unit Price Management:
... ... @@ -149,11 +149,11 @@
149 149  
150 150  In the screen that opens, select the product you want to update, date range you want to link and select “Test” in the **Custom 1** field. The Parent should be pre-populated but please do check it.
151 151  
152 -[[image:Calculating and Loading Interim_Final Rates_html_a0af60637b39519e.gif||alt="Shape9"]] [[image:Calculating and Loading Interim_Final Rates_html_1c23cf620044f3bb.gif||alt="Shape10"]] [[image:Calculating and Loading Interim_Final Rates_html_13e8528d92a2925e.png||height="103" width="250"]]
129 + [[image:Calculating and Loading Interim_Final Rates_html_13e8528d92a2925e.png||height="103" width="250"]]
153 153  
154 154  Save and Execute. A report will be produced confirming the prices it would write up:
155 155  
156 -[[image:Calculating and Loading Interim_Final Rates_html_c6eac29d315b5b6d.gif||alt="Shape13"]] [[image:Calculating and Loading Interim_Final Rates_html_b14942133e4d8078.gif||alt="Shape12"]] [[image:Calculating and Loading Interim_Final Rates_html_2def891d203ddc6f.gif||alt="Shape11"]] [[image:Calculating and Loading Interim_Final Rates_html_c9fe771aada585dc.png||height="104" width="323"]]
133 + [[image:Calculating and Loading Interim_Final Rates_html_c9fe771aada585dc.png||height="104" width="323"]]
157 157  
158 158  Once satisfied with the results, repeat using the “Live” option.
159 159  
... ... @@ -165,9 +165,11 @@
165 165  
166 166  
167 167  
168 -== {{id name="_FINAL_RATE"/}}FINAL RATE ==
145 +(% style="text-align: center;" %)
146 +== (% style="color:#2980b9" %)**FINAL RATE**(%%) ==
169 169  
170 -Whilst waiting for the Final Rate to be declared, the interim rate unit prices were utilised to process claims. Once the Final Rate is received for the period, update the unit prices to use the Final Rate.
148 +
149 +Whilst waiting for the Final Rate to be declared, the interim rate unit prices were utilised to process claims. Once the Final Rate is received for the period, update the unit prices to use the Final Rate.
171 171  \\There are 2 ways of doing this. Applying the final rate retrospectively per month OR applying an annual rate at the end of the period.
172 172  
173 173  The implication of each method is:
... ... @@ -179,16 +179,13 @@
179 179  **NB!** With both methods, if you were processing claims for the period AFTER the Final rate was declared for, these claims would also create orphan units. It is best practice to hold payment of claims until the Final Rate is declared.
180 180  
181 181  
182 -=== Final – Monthly Retrospective Adjustment ===
161 +=== (% style="color:#2980b9" %)**Final – Monthly Retrospective Adjustment**(%%) ===
183 183  
163 +
184 184  To calculate the monthly retrospective adjustment for the period, use the Unit Price calculator provided by your consultant. OVERRIDE the Interim prices used in the original calculation spreadsheet with the new final rate:
185 185  
186 186  [[image:Calculating and Loading Interim_Final Rates_html_163d76866478adfc.png||height="209" width="463"]]
187 187  
188 -
189 -
190 -
191 -
192 192  On Everest, manually adjust each month’s price. The import functionality cannot be used. While on the Parent go to Accounts → Investment Products:
193 193  
194 194  [[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
... ... @@ -195,9 +195,9 @@
195 195  
196 196  Double Click on the “UPs” button for the product you want to update:
197 197  
198 -[[image:Calculating and Loading Interim_Final Rates_html_9bb70105408a83b3.gif||alt="Shape15"]] [[image:Calculating and Loading Interim_Final Rates_html_fd2346ffdb565ea6.gif||alt="Shape14"]] [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
174 + [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
199 199  
200 -Click on the “New Used Ups” button at the bottom of the screen:
176 +Click on the **“New Used Ups” **button at the bottom of the screen:
201 201  
202 202  [[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="59" width="131"]]
203 203  
... ... @@ -205,49 +205,51 @@
205 205  
206 206  [[image:Calculating and Loading Interim_Final Rates_html_fe124aaa0aea5a6d.png||height="143" width="259"]]
207 207  
208 -In this scenario you will need to **reprice** the transactions for the period. While on the Parent, go to
184 +In this scenario you will need to (% style="color:#2980b9" %)**reprice**(%%) the transactions for the period. While on the Parent, go to
209 209  
210 -Accounts → Unit Price Management:
186 +(% style="color:#2980b9" %)Accounts → Unit Price Management:
211 211  
212 212  [[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
213 213  
214 -Locate the “**Link your investments**” section:
190 +Locate the (% style="color:#2980b9" %)“**Link your investments**” (%%)section:
215 215  
216 216  [[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="103" width="573"]]
217 217  
218 -Click on the **third** “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
194 +Click on the (% style="color:#2980b9" %)**third**(%%) “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
219 219  
220 220  In the screen that opens leave the policy row blank, populate the date range you want to link, “Check” = No, and “Confirmed Prices Only” = No.
221 221  
222 -[[image:Calculating and Loading Interim_Final Rates_html_1c23cf620044f3bb.gif||alt="Shape16"]] [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="91" width="276"]]
198 + [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="91" width="276"]]
223 223  
224 224  A report will be produced reflecting all the batches that have been repriced:
225 225  
226 -[[image:Calculating and Loading Interim_Final Rates_html_dabb0653072121a8.gif||alt="Shape18"]] [[image:Calculating and Loading Interim_Final Rates_html_52c920fdd9c31dd1.gif||alt="Shape17"]] [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
202 + [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
227 227  
228 -**NB!** If there are transactions that were processed AFTER the year end date, you will need to recalculate the unit prices for that period and reprice the transactions. The reason for this is that the unit price has changed at the year end, which then affects all unit prices thereafter. Follow the exact same procedure detailed above, but for the new year and utilising the new interim price for that year.
204 +(% style="color:#2980b9" %)**NB!** (%%)If there are transactions that were processed AFTER the year end date, you will need to recalculate the unit prices for that period and reprice the transactions. The reason for this is that the unit price has changed at the year end, which then affects all unit prices thereafter. Follow the exact same procedure detailed above, but for the new year and utilising the new interim price for that year.
229 229  
230 -=== {{id name="_Once_off_Annual"/}}Final - Annual Adjustment ===
206 +=== (% style="color:#2980b9" %)**Final - Annual Adjustment**(%%) ===
231 231  
208 +
232 232  For an Annual Adjustment you will need to calculate the closing unit price via an Asset Liability match. To do so follow this procedure:
233 233  
234 -**Liabilities:**
211 +(% style="color:#2980b9" %)**Liabilities:**
235 235  
236 236  While on the Parent, run the batch ‘Parent Investment Member Product’ at the year-end date:
237 237  
238 -[[image:Calculating and Loading Interim_Final Rates_html_6b5d08ff82028557.gif||alt="Shape19"]] [[image:Calculating and Loading Interim_Final Rates_html_23e36b7dee89d05d.png||height="85" width="274"]]
215 + [[image:Calculating and Loading Interim_Final Rates_html_23e36b7dee89d05d.png||height="85" width="274"]]
239 239  
240 240  Use the ‘By Client’ Report Output for the total values. If you want to see the data at member level, use the ‘By Member’ option.
241 241  
242 242  A report will be produced:
243 243  
244 -[[image:Calculating and Loading Interim_Final Rates_html_a82a2ff8aeafb355.gif||alt="Shape29"]] [[image:Calculating and Loading Interim_Final Rates_html_549f5d6ddbf7bb01.gif||alt="Shape28"]] [[image:Calculating and Loading Interim_Final Rates_html_ea20d567e136c78f.gif||alt="Shape25"]] [[image:Calculating and Loading Interim_Final Rates_html_227ecb1425eccdb4.gif||alt="Shape23"]] [[image:Calculating and Loading Interim_Final Rates_html_8f5f7b301349435b.gif||alt="Shape30"]] [[image:Calculating and Loading Interim_Final Rates_html_f633da10da6a5fff.gif||alt="Shape26"]] [[image:Calculating and Loading Interim_Final Rates_html_f7b76a41325d987f.gif||alt="Shape27"]] [[image:Calculating and Loading Interim_Final Rates_html_34856d1e44029a73.gif||alt="Shape22"]] [[image:Calculating and Loading Interim_Final Rates_html_f7b76a41325d987f.gif||alt="Shape24"]] [[image:Calculating and Loading Interim_Final Rates_html_34856d1e44029a73.gif||alt="Shape20"]] [[image:Calculating and Loading Interim_Final Rates_html_34856d1e44029a73.gif||alt="Shape21"]] [[image:Calculating and Loading Interim_Final Rates_html_e6e7ba44e13d0b5b.png||height="439" width="443"]]
221 + [[image:Calculating and Loading Interim_Final Rates_html_e6e7ba44e13d0b5b.png||height="439" width="443"]]
245 245  
246 246  
247 247  The report shows values for Active Members, Exited Members, and a combined total for both. If there are Exited Member values in the product you are calculating, you need to ascertain if the exits have been paid (call the Parent Investment Member Product report using the ‘By Member’ option). If they have been paid, they must be excluded from the Unit Price calculation.
248 248  
249 -**Assets:**
250 250  
227 +(% style="color:#2980b9" %)**Assets:**
228 +
251 251  The total asset value is usually provided by the Actuary / Fund Accountant.
252 252  
253 253  To calculate the closing unit price at year end, you divide the total asset value by the total UNITS in the product.
... ... @@ -254,7 +254,7 @@
254 254  
255 255  In this example we are using the total member assets excluding the exits as the exits have already been paid.
256 256  
257 -[[image:Calculating and Loading Interim_Final Rates_html_28be6e7cb077eae5.gif||alt="Shape31"]] [[image:Calculating and Loading Interim_Final Rates_html_ed5d26b2719bfd15.png||height="103" width="559"]]
235 + [[image:Calculating and Loading Interim_Final Rates_html_ed5d26b2719bfd15.png||height="103" width="559"]]
258 258  
259 259  //In this example we are calculating the unit price for both products, as both products are included in the total asset value.//
260 260  
... ... @@ -262,23 +262,22 @@
262 262  
263 263  Total Assets = 49 832 892.00 (as received from Accounts)
264 264  
265 -**Unit Price** = 49 832 892.00 ÷ 276442.52339 = **180.264929537**
243 +(% style="color:#2980b9" %)**Unit Price**(%%) = 49 832 892.00 ÷ 276442.52339 = (% style="color:#2980b9" %)**180.264929537**
266 266  
267 -**Allocating on Everest:**
268 268  
246 +(% style="color:#2980b9" %)**Allocating on Everest:**
247 +
269 269  We now need to adjust the Unit Price on Everest. While on the Parent, go to Accounts → Investment Products:
270 270  
271 271  [[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
272 272  
273 273  
253 +Double Click on the (% style="color:#2980b9" %)**“UPs” **(%%)button for the product you want to update (note that in this example we need to update the price for BOTH products):
274 274  
255 + [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
275 275  
276 -Double Click on the “UPs” button for the product you want to update (note that in this example we need to update the price for BOTH products):
257 +Click on the (% style="color:#2980b9" %)**“New Used Ups”**(%%) button at the bottom of the screen:
277 277  
278 -[[image:Calculating and Loading Interim_Final Rates_html_9bb70105408a83b3.gif||alt="Shape33"]] [[image:Calculating and Loading Interim_Final Rates_html_fd2346ffdb565ea6.gif||alt="Shape32"]] [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
279 -
280 -Click on the “New Used Ups” button at the bottom of the screen:
281 -
282 282  [[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="50" width="112"]]
283 283  
284 284  Edit the year end unit price to the new final price:
... ... @@ -291,19 +291,19 @@
291 291  
292 292  [[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="170" width="76"]]
293 293  
294 -Locate the “**Link your investments**” section:
271 +Locate the (% style="color:#2980b9" %)“**Link your investments**”(%%) section:
295 295  
296 296  [[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="107" width="593"]]
297 297  
298 -Click on the **fifth** “Select” button – ‘Update used product prices from the ‘Start Date’ to the ‘End Date’ section.
275 +Click on the (% style="color:#2980b9" %)**fifth**(%%) “Select” button – ‘Update used product prices from the ‘Start Date’ to the ‘End Date’ section.
299 299  
300 -In the screen that opens, select the product you want to update, date range must be the year end, and select “Test” in the **Custom 1** field. The Parent should be pre-populated but please do check it.
277 +In the screen that opens, select the product you want to update, date range must be the year end, and select “Test” in the (% style="color:#2980b9" %)**Custom 1**(%%) field. The Parent should be pre-populated but please do check it.
301 301  
302 -[[image:Calculating and Loading Interim_Final Rates_html_f3bffbf1954309ed.gif||alt="Shape35"]] [[image:Calculating and Loading Interim_Final Rates_html_1c23cf620044f3bb.gif||alt="Shape34"]] [[image:Calculating and Loading Interim_Final Rates_html_9c7ad50c95447944.png||height="96" width="258"]]
279 + [[image:Calculating and Loading Interim_Final Rates_html_9c7ad50c95447944.png||height="96" width="258"]]
303 303  
304 304  Save and Execute. A report will be produced confirming the prices it would write up:
305 305  
306 -[[image:Calculating and Loading Interim_Final Rates_html_32af388397f965b9.gif||alt="Shape38"]] [[image:Calculating and Loading Interim_Final Rates_html_af650d3df37fc3da.gif||alt="Shape37"]] [[image:Calculating and Loading Interim_Final Rates_html_7b191eac472dcef9.gif||alt="Shape36"]] [[image:Calculating and Loading Interim_Final Rates_html_2fa50f4e6cc1b3db.png||height="108" width="548"]]
283 + [[image:Calculating and Loading Interim_Final Rates_html_2fa50f4e6cc1b3db.png||height="108" width="548"]]
307 307  
308 308  Once satisfied with the results, repeat using the “Live” option. You will need to do this for each product that needs to be updated.
309 309  
... ... @@ -315,11 +315,12 @@
315 315  
316 316  To test the values, you can run the “Parent Investment Member Product” batch to see that the total member values now match the total asset value.
317 317  
318 -**NB!** If there are transactions that were processed AFTER the year end date, you will need to recalculate the unit prices for that period and reprice the transactions. The reason for this is that the unit price has changed at the year end, which then affects all unit prices thereafter.
319 319  
296 +(% style="color:#2980b9" %)**NB!**(%%) If there are transactions that were processed AFTER the year end date, you will need to recalculate the unit prices for that period and reprice the transactions. The reason for this is that the unit price has changed at the year end, which then affects all unit prices thereafter.
297 +
320 320  Use the unit price calculator to calculate the new prices for the following year:
321 321  
322 -[[image:Calculating and Loading Interim_Final Rates_html_7ca684a96b3d7905.gif||alt="Shape40"]] [[image:Calculating and Loading Interim_Final Rates_html_42c4e4f03d0357f0.gif||alt="Shape39"]] [[image:Calculating and Loading Interim_Final Rates_html_649a53d74e537d43.png||height="116" width="112"]]
300 + [[image:Calculating and Loading Interim_Final Rates_html_649a53d74e537d43.png||height="116" width="112"]]
323 323  
324 324  
325 325  On Everest you will need to manually adjust each month’s price. The import functionality cannot be used in this case. While on the Parent go to Accounts → Investment Products:
... ... @@ -326,11 +326,11 @@
326 326  
327 327  [[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
328 328  
329 -Double Click on the “UPs” button for the product you want to update:
307 +Double Click on the (% style="color:#2980b9" %)**“UPs” **(%%)button for the product you want to update:
330 330  
331 -[[image:Calculating and Loading Interim_Final Rates_html_9bb70105408a83b3.gif||alt="Shape42"]] [[image:Calculating and Loading Interim_Final Rates_html_fd2346ffdb565ea6.gif||alt="Shape41"]] [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
309 + [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
332 332  
333 -Click on the “New Used Ups” button at the bottom of the screen:
311 +Click on the (% style="color:#2980b9" %)**“New Used Ups”**(%%) button at the bottom of the screen:
334 334  
335 335  [[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="59" width="131"]]
336 336  
... ... @@ -339,25 +339,55 @@
339 339  [[image:Calculating and Loading Interim_Final Rates_html_fe124aaa0aea5a6d.png||height="143" width="259"]]
340 340  
341 341  
320 +You will need to (% style="color:#2980b9" %)**reprice**(%%) the transactions for the period. While on the Parent, go to Accounts → Unit Price Management:
342 342  
322 +[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
343 343  
324 +Locate the (% style="color:#2980b9" %)“**Link your investments**”(%%) section:
344 344  
326 +[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="114" width="630"]]
345 345  
328 +Click on the (% style="color:#2980b9" %)**third**(%%) “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
346 346  
347 -You will need to **reprice** the transactions for the period. While on the Parent, go to Accounts → Unit Price Management:
330 +In the screen that opens leave the policy row blank, populate the date range you want to link, “Check” = No, and “Confirmed Prices Only” = No.
348 348  
349 -[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
332 + [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="101" width="306"]]
350 350  
351 -Locate the “**Link your investments**” section:
334 +A report will be produced reflecting all the batches that have been repriced:
352 352  
353 -[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="114" width="630"]]
336 + [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
354 354  
355 -Click on the **third** “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
356 356  
357 -In the screen that opens leave the policy row blank, populate the date range you want to link, “Check” = No, and “Confirmed Prices Only” = No.
358 358  
359 -[[image:Calculating and Loading Interim_Final Rates_html_1c23cf620044f3bb.gif||alt="Shape43"]] [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="101" width="306"]]
340 +(% style="text-align: center;" %)
341 +== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
360 360  
361 -A report will be produced reflecting all the batches that have been repriced:
362 362  
363 -[[image:Calculating and Loading Interim_Final Rates_html_dabb0653072121a8.gif||alt="Shape45"]] [[image:Calculating and Loading Interim_Final Rates_html_52c920fdd9c31dd1.gif||alt="Shape44"]] [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
344 +(% style="color:#2980b9" %)**DISCLAIMER**
345 +
346 +Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
347 +
348 +In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
349 +
350 +EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
351 +
352 +Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
353 +
354 +
355 +
356 +(% style="color:#2980b9" %)**COPYRIGHT**
357 +
358 +This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
359 +
360 +
361 +EBSphere (Pty) Limited
362 +
363 +P.O. Box 785803
364 +
365 +Sandton
366 +
367 +2146
368 +
369 +
370 +(% style="text-align:center" %)
371 +[[image:Calculating and Loading Interim_Final Rates_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
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