ConversionRateAppliesToCd

Description
This element allows the implementor a method of distinguishing the business purpose of the associated currency and conversion rate.

Type : Element
DataType : ConversionRateAppliesTo
ValueDescription
SettlementThis code indicates that the coverholder has paid the London broker to settle premiums using the associated currency and conversion rate. This may be the same as the original currency / conversion rate in which the coverholder collected the original premium or it may be different.
FinalNetSettlementThis code indicates that the London broker has paid to settle premiums in the London market using the associated currency and conversion rate. This may be the same as the original currency / conversion rate in which the coverholder paid the original premium or it may be different.