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Currency Rounding

Currency Rounding

Owned by Lango: Language and translation manager
Last updated: Sept 10, 2024Version comment
1 min read

Currency Rounding

Insurance Company Product / Calculation Settings / Currency Rounding

For calculations in foreign currency, the user sets the rounding of each foreign currency used. E.g. if there are financing contracts in EUR in the database, you need to set the rounding for EUR.

  • Currency Code

    • The user selects from the currency code list

  • Year Insurance Rounding

    • The user selects the rounding method for the annual premium

  • Rounding of Monthly Premiums

    • The user selects the rounding method for the monthly premium

  • Pro Rata Rounding

    • The user selects the "Pro Raty" rounding method, that is, the incomplete period at the beginning