Build Interpreted NAIC Designations using an Internal Source

You can also use the Interpreted Crediting Ratings Process panel to interpret security designations utilizing an internal ratings source. This allows you to input a source with available credit ratings that exist in the database other than the predetermined agencies listed in Table 5, Rating Agency Code Values, above. In order to use an Internal Source, the source values and their NAIC Designation equivalents must be added to the Ratings/NAIC Designation Translation table.

To perform the Interpreted Credit Rating process for a SVO Company Code using an internal source:

1. In Accounting Center, in the left navigation pane, click Insurance > Processing > Build Insurance Data > Build Interpreted Credit Ratings.
   You see the Build Interpreted Credit Ratings panel.

2. In the Ratings Source list, click Internal Source.

3. In the Source Name lookup, select the internal rating source.
   See the following figure.

   Open

   

4. Complete the options on the Build Interpreted Credit Ratings panel.

5. Click Submit.
   Upon execution of the Interpreted process for an internal source, the system inserts a record in the ISTAR NAIC table for each security where it can derive an internal designation. It inserts the record with a Source of 4, EAGLE PACE, indicating that it is an internal designation, an Effective Date equal to the date for which the process was run, and a designation with prefix and suffix as appropriate.

The following table describes key options on the panel.