Perform SVO Data Maintenance
- Nancy Cohn (Deactivated)
- Kinga Huszno
In the Edit SVO Codes panel, you can change the SVO NAIC category information for a security for a specific effective date, and query a history of code changes for a specific date range. You can also change the RMBS Eligibility election for a security. You can use the List SVO Codes panel to display the historical SVO information for a security.
To post SVO category codes for a security, for a given effective date:
In Accounting Center, in the left navigation pane, click Insurance > NAIC Data > SVO Codes > Edit SVO Codes.
You see the Edit SVO Codes panel.Complete the options on the panel.
Click Submit.
The system updates the information in the SECURITYDBO.NAIC and NAIC_HIST tables and then pushes it to the ISTAR.ISTAR_XREFERENCE table via the Insurance Refresh process.
Edit SVO Codes Panel Options
The Edit SVO Codes panel has three sections:
Change By Issue Security. Specifies the lookup information for the security to update, and the effective date for the information posted.
Change SVO Codes. Specifies the SVO codes and RMBS information to use, as of the effective date.
Issue Identification. Displays information about the security, allowing you to verify that you are updating the correct record.
The following table describes each option on the panel.
Option | Description |
|---|---|
Change By Issue Security | |
LOOKUP fields | Allows you to enter the information required to uniquely locate the SMF record for update. Options include:
|
Effective Date | Specifies the effective date of the SVO and RMBS information posted. Fields are maintained in the SECURITYDBO.NAIC_HIST table and used for statutory accounting and reporting purposes during the ISTAR Refresh/Valuation process, when the effective date is less than or equal to the ISTAR Refresh/Valuation Month End Date. NOTE: When you change the RMBS Eligibility information for existing securities, you must set the Effective Date to a date less than or equal to the initial acquisition date of the security. |
Change SVO Codes | |
Schedule BA | Indicates whether the Schedule BA Category and BA Type and Strategy may be assigned. Options include:
|
Category | Specifies the Securities Valuation Office category for the security. To use this field, you must set the Schedule BA field to No. Options include:
|
Subcategory | Specifies the Securities Valuation Office subcategory for the security. To use this field, you must set the Schedule BA field to No. Options include:
|
RMBS Eligible | Identifies the Residential Mortgage-Backed Security eligibility flag. Securities identified as qualifying loan-backed securities must have the RMBS Eligible field set to RMBS/CMBS or Other loan-backed structured securities. When you change existing securities, the Effective Date must synchronize with the date when RMBS processing takes effect. Options include:
NOTE: During the ISTAR Refresh process, specific processing occurs to assign Statement Value and the NAIC Designation for RMBS eligible securities. |
Schedule BA Category | Specifies the Securities Valuation Office category for the security. To use this field, you must set the Schedule BA field to Yes. Options include:
|
BA Type and Strategy | Specifies the Type and strategy for the security. To use this field, you must set the Schedule BA field to Yes. Options include:
|
BA Property Type | Specifies the Property Type that applies only to Schedule BA Codes 109, 110, 117, 118, 119, 120. Options Include:
|
Issue Identification | |
Identification fields | Displays several identification fields after a successful database retrieval using one or more of the LOOKUP fields above, allowing you to verify that the panel is updating the correct security. Options include:
|
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