Transaction flows on Insurance

When buying into an insurance instrument, the insurance premium cash is transferred to a cash control account (instrument account per investor account) on the working portfolio.

The insurance premium is raised on the control account instrument account, with date:

• Employer contribution: first day of the relevant contribution instruction month
• Debit order collection: date on which the debit order collection file is created
• Electronic/Internet Transfer: the commencement date of the instruction

All insurance transactions is written/transferred from the control account to the different recipient accounts.

See Transaction flows on Insurance

Last Updated on 5 years ago by Antoinette Van Meyeren