The Create Third Party Details panel allows you to establish a client for use with an associated entity.
To add an Insurance client as a third party:
- Do one of the following:
- In Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup > Third Party Details > Create Third Party Details.
- In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Third Party Details > Create Third Party Details.
You see the Create Third Party Details panel.
- Complete the options on the panel.
- Click Submit.
The system adds the third party information to the RULESDBO.CLIENT table.
The following table describes the important insurance-related options and elections required for ISTAR processing in the Create Third Party Details panel.
Option |
Description |
|---|---|
Client Name |
Specifies the name of the client. |
Client ID |
Specifies the database identifier (key) for the client. You must use a numeric value. |
Client Type |
Specifies the type of client. |
Primary Depository |
Used for Schedule E – Part 1 reporting. Primary depository is necessary to delineate the reporting of cash balances on the schedule. |
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