ATFA490 - Control of Present Value Provision (AVP)

CONTENT

1. Overview
2. Example of use
3. Tables

01 OVERVIEW

This document formalizes the functionality of the Control of Present Value Provision (AVP) registration.

02 EXAMPLE OF USE

• Requirements:  Index Registrations FINA017 Image Removed 

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• Requirements:  FINA018 →Index Updating Image RemovedUpdating 

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    ATFA490 →  All fields below are required. Attention to the fields Dates  specially the   Contract End (FNV_DTFIN)  

                FNUFNU_COD         :  Provision code;               

        FNU_DESCR      :  Provision description;             

        FNU_DTINI      :   Provision start date;                

        FNU_INIPR      :   Project Start Date. This field determines the reference date for the distribution calculation;

                FNU_DTAVP    :   AVP reference date. This date will be used to find the AVP current rate and the start of the provision AVP calculation;            

    FNU   FNU_TAXAAVP : Rate of AVP index for provision;               

  FNU     FNU_INDAVP   :  Code of AVP index used for provision;

                FNV_DTFIN     :  Provision end date.

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     Example:

         Reference Date: 07/01/2020 - End Date 07/31/2020 = Present Value of 30 days

         Reference Date: 07/01/2020 - End Date 08/31/2020 = Present Value of 60 days

         Reference Date: 07/01/2020 - End Date 09/31/ 2020 = Present Value of 90 days

         Reference Date: 07/01/2020 - End Date 10/31/2020 = Present Value of 120 days

         The longer the interval between the reference date and end date greater than AVP.

03 TABLES

• FNU and FNV Provision Control
• FIT    Financial Index Registration
• FIU   Updating of Indexes 

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