• LCEOD Batch enhanced to support Liability Change Schedule
  • To be processed during BOD
  • To be processed during previous EOD, if processing date is a holiday
• Guarantees with Liability type as Time based to be processed:

System will initiate Guarantee amendment with decrease in Contract amount when liability type is decrease System will initiate Guarantee amendment with increase in Contract amount when liability type is increase:

• New event LAMS introduced to initiate liability change. Processing will be similar to amendment AMND.
• Maintenance:
  • LAMS event should be defined for applicable products
  • Accounting entries and Messages should be defined for LAMS event similar to AMND
• Processing will be similar to amendment (AMND):
  • LAMS will be version creation event.
  • Liability change will be without Beneficiary Confirmation.
  • Commission will be computed for the increased/decreased ( similar to amendment AMND)
  Limit Tracking for increased / decreased amount (similar to amendment AMND)