Multicurrency fields on the Account screen

If multicurrency display is enabled, the Account Summary screen has two multicurrency fields under the Currencies label. The Settlement field displays the account’s preferred settlement currency (Account.PreferredSettlementCurrency). The Coverage field displays the account’s preferred coverage currency (Account.PreferredCoverageCurrency). For either field, you can select one of the currencies configured in the base application.

Some account screens include summary account information which sums up monetary amounts from multiple policies. For example, the Account > Billing screen displays Account Balances fields such as Billed Outstanding and Past Due in the preferred settlement currency of the account. These fields provide an agent a snapshot that approximates the balances on the account, rather than the exact amount that the insured owes in a given currency. Therefore, in the base configuration, the amounts are converted without recording the exchange rates. The screen displays these sums in the preferred settlement currency of the account. If the policy amount is in another currency, PolicyCenter uses the current exchange rate to convert the amount to the preferred settlement currency on the account.

On the Account > Billing screen, the View in BillingCenter link opens the primary affiliated account in BillingCenter.