SND

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SND.PNG
Name Signing Numbers and Dates
Shortcut SND
Area Policy

See the NOVUS Walkthrough Guide for general information about the system.


Signing Numbers and Dates

The SND program enables you to enter the bureau signing number and dates against transactions on the system.

The normal workflow is to set up a new risk and market, then after a transaction has taken place and where the market involves one or more bureaux, the CLOSE program is used to produce a London premium advice note (LPAN) for each section or London market risk code, for each bureau on the market for that transaction.

The responses come back from the bureau(x) as a bureau signing message (BSM) which contains the signing number and date for each LPAN. The SND program is then used to log these signing numbers and dates against the section(s) in the transaction.

On the LPAN, 'broker reference 1' is the policy number/year/section and 'broker reference 2' is the transaction number - these are included on the BSM to make data entry easier.


Field name Description Comments
Trans No. Select the applicable transaction number by clicking on the drop-down arrow in the trans no column to access the list of values
Trans. Type Code indicating the type of transaction Display only
Section Section number for the transaction Display only
MVN Market version number Display only
SCUR Source currency of the transaction Display only
DCUR Destination currency of the transaction Display only
Lloyd's Enter Lloyd's signing number and date
IUA Enter the IUA signing number and date


How it works

Snd3.JPG

Select the policy number and year from the drop-down list; the list can be filtered by typing in the yellow bar under policy number or year. Existing signing numbers and dates will be displayed.

Use the drop-down on the blue line at the bottom of the grid to select a transaction against which to enter a new signing number and date. Once a transaction number has been selected from the drop-down, the user can tab and the transaction type, section, source currency and destination currency are displayed for reference information.

The three bureaux fields are then enabled or disabled depending on whether they were applicable to the market at the time of the transaction, and the user can enter the signing number and date allocated by the respective bureau. All enabled bureaux do not need to be entered at the same time but at least one must be entered before saving.

For an original premium transaction of type PM (original premium), MD (minimum & deposit premium), FAP (first additional premium) and DC (initial declaration) the original signing ref. box on the LPAN will correctly be empty. The text entered in either Lloyd’s, or IUA in SND for the original premium transaction will be used to populate the original signing Ref. box on documentation for subsequent transactions.


Version History

v6.0.0 – Updated to the latest version

v4.2.0 – Updated to latest version

3.1.0 - SND conversion

v12J - First version of this form to use the new style. No other updates after the restyle.

v13S - LIRMA changed to IUA

v14S - Transaction based data entry with auto-population of rows from transaction record.

v17M - SND program to accept 11 char polnums to include declaration