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	1	+
1	1
2		-**DISCLAIMER**
	3	+(% style="text-align: center;" %)
	4	+(% style="font-size: 28px; color: rgb(41, 128, 185)" %)**RISK PREMIUMS PAYABLE**
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	+[[image:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="465"]]
13	13
14	14
	16	+(% style="text-align: center;" %)
	17	+== (% style="color:#2980b9" %)**Introduction**(%%) ==
15	15
16	16
17		-
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:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||height="96" width="344"]]\\
34		-
35		-//Introduction//
36		-
37		-
38	38	Risk Premium payments can be paid at a Parent or Client Level.
39	39
40	40	At the Parent level, all clients are consolidated to one amount per Accounting Date. When payment is made, the amount is ratioed over all client creditors.
...	...	@@ -42,33 +42,31 @@
42	42	Should payment need to be made for a specific client only, then the “Risk Premiums Payable – Client” option would be used.
43	43
44	44
45		-//**Risk Premiums Payable - Parent**//
	27	+(% style="text-align: center;" %)
	28	+== (% style="color:#2980b9" %)**Risk Premiums Payable - Parent**(%%) ==
46	46
47		-Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select **“Cash Flows”:**
48	48
	31	+Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select (% style="color:#2980b9" %)**“Cash Flows”:**
	32	+
49	49	[[image:Risk Premiums Payable_html_88e905bbaecbdbb.png||height="176" width="259"]]
50	50
51		-On the Cash Flows screen, double click on the __view__ hyperlink next to Risk Premiums Payable:
	35	+On the Cash Flows screen, double click on the(% style="color:#2980b9" %) __view__(%%) hyperlink next to Risk Premiums Payable:
52	52
53		-[[image:Risk Premiums Payable_html_12cc4f374dc7cc5a.gif||alt="Shape1"]] [[image:Risk Premiums Payable_html_c3784ff0a2422900.png||height="184" width="645"]]
	37	+[[image:Risk Premiums Payable_html_c3784ff0a2422900.png||height="184" width="645"]]
54	54
55		-
56		-
57		-
58		-
59	59	Select the relevant accounting date for which the risk premiums are payable.
60	60
61		-Double Click the hyperlink for the relevant payment type. The __pay__ hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
	41	+Double Click the hyperlink for the relevant payment type. The (% style="color:#2980b9" %)__pay__ (%%)hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
62	62
63	63	[[image:Risk Premiums Payable_html_6c64f2ccbba103d0.png||height="118" width="628"]]
64	64
65	65	Once selected a batch screen will open. Confirm that all the details are recorded correctly. The Accounting Date is the month end date, and the Effective Date is the actual date of the transaction i.e., the date it is paid.
66	66
67		-**NB!** You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
	47	+(% style="color:#2980b9" %)**NB!** (%%)You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
68	68
69		-[[image:Risk Premiums Payable_html_37d44641ba9a968a.gif||alt="Shape2"]] [[image:Risk Premiums Payable_html_fa74d426ea491036.png||height="173" width="644"]]
	49	+ [[image:Risk Premiums Payable_html_fa74d426ea491036.png||height="173" width="644"]]
70	70
71		-Click the “**Save**” and “**Execute**” buttons.
	51	+Click the (% style="color:#2980b9" %)“**Save**” (%%)and(% style="color:#2980b9" %) “**Execute**”(%%) buttons.
72	72
73	73	The following accounting entries are generated from this Batch:
74	74
...	...	@@ -76,21 +76,21 @@
76	76
77	77	A communication document is generated reflecting the transaction. The amount is either entered into the CFLO Management System for cheque payments or into the Payment Management System for transfer via the electronic banking system (as per the Payment Type above).
78	78
79		-||
	59	+| |
80	80
81	81	|**XYZ Administrators**|Fund Registration Number - 12/8/88888
82		- Fund PAYE Number - 75607989899
	62	+ Fund PAYE Number - 75607989899
83	83	SARS Registration Number - 1820/4/12345
84	84
85	85	|**COMMUNICATION DOCUMENT - INSURER INFORMATION**
86	86
87		-|**To**|[[image:Risk Premiums Payable_html_917a9cdbf753eae8.gif||alt="Shape3"]] Tracey Armstrong|[[image:Risk Premiums Payable_html_34a506a50f83607.gif||alt="Shape4"]] **From**|Michelle Tinline
	67	+|**To**| Tracey Armstrong|**From**|Michelle Tinline
88	88	|**Company**|Momentum|**Date**|09/08/2018
89		-|**Fax Number**|[[image:Risk Premiums Payable_html_77b94afc939eb263.gif||alt="Shape5"]] (011) 274 5410|**Fund Name**|Parent 4
	69	+|**Fax Number**| (011) 274 5410|**Fund Name**|Parent 4
90	90	|**Phone Number**|(011) 274 5412|**Reference No**|0000 0001 0884
91		-|**Re**|Risk Contributions Paid||
	71	+|**Re**|Risk Contributions Paid| |
92	92
93		-[[image:Risk Premiums Payable_html_f773070b97914525.gif||alt="Shape6"]] Dear Tracey
	73	+Dear Tracey
94	94
95	95	Please note that a payment of R303 421.76 will be transferred into your bank account in respect of Parent 4 for the contribution collections as at 31/07/2018.
96	96
...	...	@@ -100,82 +100,70 @@
100	100	|**Bank Branch**|Jan Smuts Ave (Jhb)
101	101	|**Branch Code**|004205
102	102	|**Account Name**|Momentum
103		-|**Account Number**|[[image:Risk Premiums Payable_html_4095b2c4962eceec.gif||alt="Shape7"]] 001971234
	83	+|**Account Number**|001971234
104	104
105	105	The payments have been made in respect of the following risk portfolio(s):
106	106
107	107	|**Type of Risk Policy**|**Amount Paid**|**Risk Policy Number**
108		-|PHI|R103 421.76|
109		-|GLA|R200 000.00|
	88	+|PHI|R103 421.76|
	89	+|GLA|R200 000.00|
110	110
111	111	Should you not allocate the payment or the amount differs to this statement, please advise me immediately of any errors.
112	112
113	113	Yours sincerely
114	114
115		-
116	116
117		-//**Risk Premiums Payable – Client**//
	96	+(% style="text-align: center;" %)
	97	+== (% style="color:#2980b9" %)**Risk Premiums Payable – Client**(%%) ==
118	118
	99	+
119	119	This option is used if you want to make payment for a single client only.
120	120
121		-Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select **“Cash Flows”:**
	102	+Ensure that the correct Parent has been selected in Everest. Go to the Accounts Menu and select(% style="color:#2980b9" %) **“Cash Flows”**:
122	122
123	123	[[image:Risk Premiums Payable_html_88e905bbaecbdbb.png||height="176" width="259"]]
124	124
125		-On the Cash Flows screen, double click on the __view__ hyperlink next to Risk Premiums Payable - Client:
	106	+On the Cash Flows screen, double click on the(% style="color:#2980b9" %) __view__ (%%)hyperlink next to Risk Premiums Payable - Client:
126	126
127		-[[image:Risk Premiums Payable_html_12cc4f374dc7cc5a.gif||alt="Shape8"]] [[image:Risk Premiums Payable_html_7adf34afd41a2e4.png||height="167" width="571"]]
	108	+[[image:Risk Premiums Payable_html_7adf34afd41a2e4.png||height="167" width="571"]]
128	128
129	129	Select the relevant accounting date for which the risk premiums are payable.
130	130
131	131	Double Click the hyperlink for the relevant payment type. The __pay__ hyperlink is for cheque payments and the __eft__ hyperlink is to generate an electronic transfer.
132	132
133		-[[image:Risk Premiums Payable_html_f8d99ea24fb7753d.gif||alt="Shape9"]] [[image:Risk Premiums Payable_html_5c055a16030727ab.png||height="126" width="571"]]
	114	+[[image:Risk Premiums Payable_html_5c055a16030727ab.png||height="126" width="571"]]
134	134
135	135
136		-
137	137	Once selected a batch screen will open. Confirm that all the details are recorded correctly. The Accounting Date is the month end date, and the Effective Date is the actual date of the transaction i.e., the date it is paid.
138	138
139		-**NB!** You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
	119	+(% style="color:#2980b9" %)**NB!** (%%)You must NOT change the Accounting Date as the system uses this date to match against the accrual entries. Only change the Effective Date to match the payment date.
140	140
141		-[[image:Risk Premiums Payable_html_b99ea0619ebf62d1.gif||alt="Shape11"]] [[image:Risk Premiums Payable_html_f4a92c51ea6a2998.gif||alt="Shape10"]] [[image:Risk Premiums Payable_html_4c236b8ad3dd3740.png||height="168" width="613"]]
	121	+ [[image:Risk Premiums Payable_html_4c236b8ad3dd3740.png||height="168" width="613"]]
142	142
143		-Click the “**Save**” and “**Execute**” buttons.
	123	+Click the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) buttons.
144	144
145	145	The following accounting entries are generated from this Batch:
146	146
147	147
148		-
149		-
150		-
151	151	[[image:Risk Premiums Payable_html_a2c81f4ea38fbc3e.png||height="203" width="460"]]
152	152
153	153
154		-
155		-
156		-
157		-
158		-
159		-
160		-
161		-
162		-
163		-
164	164	A communication document is generated reflecting the transaction. The amount is either entered into the CFLO Management System for cheque payments or into the Payment Management System for transfer via the electronic banking system (as per the Payment Type above).
165	165
	133	+
166	166	|**XYZ Administrators**|Fund Registration Number - 12/8/12334/2
167		- Fund PAYE Number - 774567987
	135	+ Fund PAYE Number - 774567987
168	168	SARS Registration Number - 18/20/4/12345
169	169
170	170	|**COMMUNICATION DOCUMENT - INSURER INFORMATION**
171	171
172		-|**To**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape12"]]\\|**From**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape13"]]\\
	140	+|**To**| |**From**|
173	173	|**Company**|Sanlam Employee Benefits Ltd|**Date**|10/01/2020
174	174	|**Fax Number**|()|**Fund Name**|Parent 4
175	175	|**Phone Number**|()|**Reference No**|0000 0009 3594
176		-|**Re**|Risk Contributions Paid||
	144	+|**Re**|Risk Contributions Paid| |
177	177
178		-[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape14"]] Dear
	146	+Dear
179	179
180	180	Please note that a payment of R217 018.72 will be transferred into your bank account in respect of Parent 4 for the contribution collections as at 31/07/2017.
181	181
...	...	@@ -185,12 +185,12 @@
185	185	|**Bank Branch**|Johannesburg Corporate 061
186	186	|**Branch Code**|251405
187	187	|**Account Name**|Investec Employee Benefits Ltd
188		-|**Account Number**|[[image:Risk Premiums Payable_html_224a585805d99511.gif||alt="Shape15"]] 62055452503
	156	+|**Account Number**|62055452503
189	189
190	190	The payments have been made in respect of the following risk portfolio(s):
191	191
192	192	|**Type of Risk Policy**|**Amount Paid**|**Risk Policy Number**
193		-|GLA|R117 018.72|
	161	+|GLA|R117 018.72|
194	194	|PHI|R100 000.00|SS 194436
195	195
196	196	Should you not allocate the payment or the amount differs to this statement, please advise me immediately of any errors.
...	...	@@ -197,3 +197,36 @@
197	197
198	198	Yours sincerely
199	199
	168	+
	169	+
	170	+(% style="text-align: center;" %)
	171	+== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
	172	+
	173	+
	174	+(% id="cke_bm_1117S" style="color: rgb(41, 128, 185); display: none" %)** **(% style="color:#2980b9" %)**DISCLAIMER**
	175	+
	176	+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.
	177	+
	178	+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.
	179	+
	180	+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.
	181	+
	182	+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.
	183	+
	184	+
	185	+
	186	+(% style="color:#2980b9" %)**COPYRIGHT**
	187	+
	188	+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.
	189	+
	190	+EBSphere (Pty) Limited
	191	+
	192	+P.O. Box 785803
	193	+
	194	+Sandton
	195	+
	196	+2146
	197	+
	198	+
	199	+
	200	+[[image:Risk Premiums Payable_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="465"]]

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