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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		-
2	2
3		-(% style="text-align: center;" %)
4		-(% style="color:#2980b9; font-size:28px" %)**CALCULATING AND LOADING INTERIM_FINAL RATES**
	2	+**DISCLAIMER**
5	5
	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.
6	6
	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		-(% style="text-align: center;" %)
9		-(% style="color:#2980b9" %)**BY**
	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.
10	10
	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"]]
15	15
16	16
17	17
18	18
19		-(% style="text-align: center;" %)
20		-== (% style="color:#2980b9" %)**How to calculate and load Interim/Final rates on Everest**(%%) ==
21	21
22	22
23		-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.
	19	+**COPYRIGHT**
24	24
25		-[[image:Calculating and Loading Interim_Final Rates_html_2d15cc65377c4c7c.png||height="180" width="210"]]
	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.
26	26
	23	+EBSphere (Pty) Limited
27	27
28		-(% style="text-align: center;" %)
29		-== (% style="color:#2980b9" %)**INTERIM RATE**(%%) ==
	25	+P.O. Box 785803
30	30
	27	+Sandton
31	31
	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	+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	+
	39	+[[image:Calculating and Loading Interim_Final Rates_html_2d15cc65377c4c7c.png||height="180" width="210"]]
	40	+
	41	+== {{id name="_INTERIM_RATE"/}}INTERIM RATE ==
	42	+
32	32	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:
33	33
34	34	[[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
...	...	@@ -35,7 +35,7 @@
35	35
36	36	Double Click on the “UPs” button for the product you want to update:
37	37
38		- [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
	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"]]
39	39
40	40	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.
41	41
...	...	@@ -54,6 +54,10 @@
54	54	[[image:Calculating and Loading Interim_Final Rates_html_f768b169db3dc5bb.png||height="53" width="304"]]
55	55
56	56
	68	+
	69	+
	70	+
	71	+
57	57	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:
58	58
59	59	[[image:Calculating and Loading Interim_Final Rates_html_e8af78425277d3fb.png||height="194" width="191"]]
...	...	@@ -68,10 +68,11 @@
68	68
69	69	On the screen that opens, note the **ProductID** for the relevant product:
70	70
71		-[[image:Calculating and Loading Interim_Final Rates_html_b68b72a894d7efaa.png||height="88" width="366"]]
	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"]]
72	72
73	73	Once identified, prepare the Product Price Import file attached.
74	74
	90	+{{id name="_MON_1715679781"/}}\\
75	75
76	76	[[image:Calculating and Loading Interim_Final Rates_html_d5ab4359b6c55057.gif]]
77	77
...	...	@@ -85,17 +85,17 @@
85	85
86	86	Locate the “**Import your unit prices**” section:
87	87
88		-[[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
	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"]]
89	89
90	90	Click on the second **Import** button – Import Unit Prices for Parent Investment Products:
91	91
92		-[[image:Calculating and Loading Interim_Final Rates_html_4f1b11fda376cd0c.png||height="121" width="294"]]
	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"]]
93	93
94	94
95	95
96	96	Browse to pick up your saved import file:
97	97
98		- [[image:Calculating and Loading Interim_Final Rates_html_591f84d57fbc47ca.png||height="162" width="252"]]
	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"]]
99	99
100	100	Select **Save** and **Execute.**
101	101
...	...	@@ -102,7 +102,7 @@
102	102
103	103	A report will be produced indicating that the headings were recognised.
104	104
105		- [[image:Calculating and Loading Interim_Final Rates_html_160a7632760e70b4.png||height="153" width="452"]]
	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"]]
106	106
107	107
108	108	To confirm the rates were correctly imported, while on the Parent go to:
...	...	@@ -111,6 +111,13 @@
111	111
112	112	[[image:Calculating and Loading Interim_Final Rates_html_c2201debac9c4fd5.png||height="149" width="244"]]
113	113
	130	+
	131	+
	132	+
	133	+
	134	+
	135	+
	136	+
114	114	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.
115	115
116	116	Go to Accounts → Unit Price Management:
...	...	@@ -126,11 +126,11 @@
126	126
127	127	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.
128	128
129		- [[image:Calculating and Loading Interim_Final Rates_html_13e8528d92a2925e.png||height="103" width="250"]]
	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"]]
130	130
131	131	Save and Execute. A report will be produced confirming the prices it would write up:
132	132
133		- [[image:Calculating and Loading Interim_Final Rates_html_c9fe771aada585dc.png||height="104" width="323"]]
	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"]]
134	134
135	135	Once satisfied with the results, repeat using the “Live” option.
136	136
...	...	@@ -142,11 +142,9 @@
142	142
143	143
144	144
145		-(% style="text-align: center;" %)
146		-== (% style="color:#2980b9" %)**FINAL RATE**(%%) ==
	168	+== {{id name="_FINAL_RATE"/}}FINAL RATE ==
147	147
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.
	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.
150	150	\\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.
151	151
152	152	The implication of each method is:
...	...	@@ -158,13 +158,16 @@
158	158	**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.
159	159
160	160
161		-=== (% style="color:#2980b9" %)**Final – Monthly Retrospective Adjustment**(%%) ===
	182	+=== Final – Monthly Retrospective Adjustment ===
162	162
163		-
164	164	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:
165	165
166	166	[[image:Calculating and Loading Interim_Final Rates_html_163d76866478adfc.png||height="209" width="463"]]
167	167
	188	+
	189	+
	190	+
	191	+
168	168	On Everest, manually adjust each month’s price. The import functionality cannot be used. While on the Parent go to Accounts → Investment Products:
169	169
170	170	[[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
...	...	@@ -171,9 +171,9 @@
171	171
172	172	Double Click on the “UPs” button for the product you want to update:
173	173
174		- [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
	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"]]
175	175
176		-Click on the **“New Used Ups” **button at the bottom of the screen:
	200	+Click on the “New Used Ups” button at the bottom of the screen:
177	177
178	178	[[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="59" width="131"]]
179	179
...	...	@@ -181,51 +181,49 @@
181	181
182	182	[[image:Calculating and Loading Interim_Final Rates_html_fe124aaa0aea5a6d.png||height="143" width="259"]]
183	183
184		-In this scenario you will need to (% style="color:#2980b9" %)**reprice**(%%) the transactions for the period. While on the Parent, go to
	208	+In this scenario you will need to **reprice** the transactions for the period. While on the Parent, go to
185	185
186		-(% style="color:#2980b9" %)Accounts → Unit Price Management:
	210	+Accounts → Unit Price Management:
187	187
188	188	[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
189	189
190		-Locate the (% style="color:#2980b9" %)“**Link your investments**” (%%)section:
	214	+Locate the “**Link your investments**” section:
191	191
192	192	[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="103" width="573"]]
193	193
194		-Click on the (% style="color:#2980b9" %)**third**(%%) “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
	218	+Click on the **third** “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
195	195
196	196	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.
197	197
198		- [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="91" width="276"]]
	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"]]
199	199
200	200	A report will be produced reflecting all the batches that have been repriced:
201	201
202		- [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
	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"]]
203	203
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.
	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.
205	205
206		-=== (% style="color:#2980b9" %)**Final - Annual Adjustment**(%%) ===
	230	+=== {{id name="_Once_off_Annual"/}}Final - Annual Adjustment ===
207	207
208		-
209	209	For an Annual Adjustment you will need to calculate the closing unit price via an Asset Liability match. To do so follow this procedure:
210	210
211		-(% style="color:#2980b9" %)**Liabilities:**
	234	+**Liabilities:**
212	212
213	213	While on the Parent, run the batch ‘Parent Investment Member Product’ at the year-end date:
214	214
215		- [[image:Calculating and Loading Interim_Final Rates_html_23e36b7dee89d05d.png||height="85" width="274"]]
	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"]]
216	216
217	217	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.
218	218
219	219	A report will be produced:
220	220
221		- [[image:Calculating and Loading Interim_Final Rates_html_e6e7ba44e13d0b5b.png||height="439" width="443"]]
	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"]]
222	222
223	223
224	224	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.
225	225
	249	+**Assets:**
226	226
227		-(% style="color:#2980b9" %)**Assets:**
228		-
229	229	The total asset value is usually provided by the Actuary / Fund Accountant.
230	230
231	231	To calculate the closing unit price at year end, you divide the total asset value by the total UNITS in the product.
...	...	@@ -232,7 +232,7 @@
232	232
233	233	In this example we are using the total member assets excluding the exits as the exits have already been paid.
234	234
235		- [[image:Calculating and Loading Interim_Final Rates_html_ed5d26b2719bfd15.png||height="103" width="559"]]
	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"]]
236	236
237	237	//In this example we are calculating the unit price for both products, as both products are included in the total asset value.//
238	238
...	...	@@ -240,22 +240,23 @@
240	240
241	241	Total Assets = 49 832 892.00 (as received from Accounts)
242	242
243		-(% style="color:#2980b9" %)**Unit Price**(%%) = 49 832 892.00 ÷ 276442.52339 = (% style="color:#2980b9" %)**180.264929537**
	265	+**Unit Price** = 49 832 892.00 ÷ 276442.52339 = **180.264929537**
244	244
	267	+**Allocating on Everest:**
245	245
246		-(% style="color:#2980b9" %)**Allocating on Everest:**
247		-
248	248	We now need to adjust the Unit Price on Everest. While on the Parent, go to Accounts → Investment Products:
249	249
250	250	[[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
251	251
252	252
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):
254	254
255		- [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
256	256
257		-Click on the (% style="color:#2980b9" %)**“New Used Ups”**(%%) button at the bottom of the screen:
	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):
258	258
	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	+
259	259	[[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="50" width="112"]]
260	260
261	261	Edit the year end unit price to the new final price:
...	...	@@ -268,19 +268,19 @@
268	268
269	269	[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="170" width="76"]]
270	270
271		-Locate the (% style="color:#2980b9" %)“**Link your investments**”(%%) section:
	294	+Locate the “**Link your investments**” section:
272	272
273	273	[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="107" width="593"]]
274	274
275		-Click on the (% style="color:#2980b9" %)**fifth**(%%) “Select” button – ‘Update used product prices from the ‘Start Date’ to the ‘End Date’ section.
	298	+Click on the **fifth** “Select” button – ‘Update used product prices from the ‘Start Date’ to the ‘End Date’ section.
276	276
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.
	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.
278	278
279		- [[image:Calculating and Loading Interim_Final Rates_html_9c7ad50c95447944.png||height="96" width="258"]]
	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"]]
280	280
281	281	Save and Execute. A report will be produced confirming the prices it would write up:
282	282
283		- [[image:Calculating and Loading Interim_Final Rates_html_2fa50f4e6cc1b3db.png||height="108" width="548"]]
	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"]]
284	284
285	285	Once satisfied with the results, repeat using the “Live” option. You will need to do this for each product that needs to be updated.
286	286
...	...	@@ -292,12 +292,11 @@
292	292
293	293	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.
294	294
	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.
295	295
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		-
298	298	Use the unit price calculator to calculate the new prices for the following year:
299	299
300		- [[image:Calculating and Loading Interim_Final Rates_html_649a53d74e537d43.png||height="116" width="112"]]
	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"]]
301	301
302	302
303	303	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:
...	...	@@ -304,11 +304,11 @@
304	304
305	305	[[image:Calculating and Loading Interim_Final Rates_html_aeedf1ec7013a979.png||height="178" width="91"]]
306	306
307		-Double Click on the (% style="color:#2980b9" %)**“UPs” **(%%)button for the product you want to update:
	329	+Double Click on the “UPs” button for the product you want to update:
308	308
309		- [[image:Calculating and Loading Interim_Final Rates_html_559d28bc8ecfc4a0.png||height="100" width="381"]]
	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"]]
310	310
311		-Click on the (% style="color:#2980b9" %)**“New Used Ups”**(%%) button at the bottom of the screen:
	333	+Click on the “New Used Ups” button at the bottom of the screen:
312	312
313	313	[[image:Calculating and Loading Interim_Final Rates_html_7126ffabb5613f89.png||height="59" width="131"]]
314	314
...	...	@@ -317,55 +317,25 @@
317	317	[[image:Calculating and Loading Interim_Final Rates_html_fe124aaa0aea5a6d.png||height="143" width="259"]]
318	318
319	319
320		-You will need to (% style="color:#2980b9" %)**reprice**(%%) the transactions for the period. While on the Parent, go to Accounts → Unit Price Management:
321	321
322		-[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
323	323
324		-Locate the (% style="color:#2980b9" %)“**Link your investments**”(%%) section:
325	325
326		-[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="114" width="630"]]
327	327
328		-Click on the (% style="color:#2980b9" %)**third**(%%) “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
329	329
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.
	347	+You will need to **reprice** the transactions for the period. While on the Parent, go to Accounts → Unit Price Management:
331	331
332		- [[image:Calculating and Loading Interim_Final Rates_html_a33dc31135f02423.png||height="101" width="306"]]
	349	+[[image:Calculating and Loading Interim_Final Rates_html_570535c211e85663.png||height="191" width="86"]]
333	333
334		-A report will be produced reflecting all the batches that have been repriced:
	351	+Locate the “**Link your investments**” section:
335	335
336		- [[image:Calculating and Loading Interim_Final Rates_html_42d6c79cb5c90d09.png||height="164" width="407"]]
	353	+[[image:Calculating and Loading Interim_Final Rates_html_b993779320601de0.png||height="114" width="630"]]
337	337
	355	+Click on the **third** “Select” button – Reprice the cashflows for the selected Investment Policy’ section.
338	338
	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.
339	339
340		-(% style="text-align: center;" %)
341		-== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
	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"]]
342	342
	361	+A report will be produced reflecting all the batches that have been repriced:
343	343
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"]]
	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"]]

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