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Claim

CLM-7844

VALTERRA 2026 · Assets All Risks / Property Damage · liability claim in MZN. Liability claims use the date reported for the rate.

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Claim facts

Class, dates and currency come from the claim and cannot be changed by a movement

OPEN

Claim: CLM-7844
Policy: VALTERRA 2026
Counterparty: Valterra Platinum
Product / cover: Assets All Risks / Property Damage
Claim class: Liability
Date of loss: 02 Aug 2026
Date reported: 06 Aug 2026
Rate dateRecognition rateThe exchange rate used when a transaction is first recorded. Premiums use the policy inception date, liability claims use the date reported and all other claims use the date of loss.: 06 Aug 2026 (derived)
CurrencyFCYForeign currency: the currency a policy, premium, claim or payment is agreed in when it is not rand (ZAR). FCY amounts are kept exactly as agreed and exchange-rate movements never change them.: MZN
Gross incurred: MZN 5 000 000,00
Paid: MZN 0,00
Outstanding reserveClaim reserveThe amount set aside for what a claim is expected to cost. Reserve movements increase or decrease it in the claim currency and are revalued at month-end while the claim is open.: MZN 5 000 000,00
Carrying valueZAR carrying valueThe rand value an open foreign-currency item is currently held at in the books. It starts at the recognition-rate value and is restated at each month-end until the item is settled.: R 1 425 000,00
External reference: —
Registered by: —
Comment: —

Record a movement or a payment

Both are validated by the server and wait for a claims approver

Claim class

Date of loss

Date reported

CurrencyFCYForeign currency: the currency a policy, premium, claim or payment is agreed in when it is not rand (ZAR). FCY amounts are kept exactly as agreed and exchange-rate movements never change them.

Rate dateRecognition rateThe exchange rate used when a transaction is first recorded. Premiums use the policy inception date, liability claims use the date reported and all other claims use the date of loss.

Liability claims use the date reported for the rate.

Posting datePeriod lockWhen a month-end close is approved, the accounting period is locked and nothing more can be posted into it.

Movements use the claim's rate date but post on the day they are validated, into the open period. If that period closes before approval, validate the movement again.

Movement typeClaim reserveThe amount set aside for what a claim is expected to cost. Reserve movements increase or decrease it in the claim currency and are revalued at month-end while the claim is open.

Adds to the outstanding reserve.

Amount (MZN)

For example 100000.00.

Comment for the approver

Optional. Up to 1,000 characters.

Reserve movements

Oldest first. Posted movements never change; corrections are new movements. Movements use the claim's rate date but post on the day they are validated, into the open period. If that period closes before approval, validate the movement again.

Claim reserveThe amount set aside for what a claim is expected to cost. Reserve movements increase or decrease it in the claim currency and are revalued at month-end while the claim is open.

Reserve movements of claim CLM-7844
Movement	Amount	Rate date	Posting date	Recognition rate	Rand value	Status	Prepared by	Approved by	Comment
Reserve set	MZN 5 000 000,00	06 Aug 2026	06 Aug 2026	0.28500000	R 1 425 000,00	POSTED	Lerato Claims	Sipho Claims	Hypothetical liability claim example.

Payments

Payment FX is separated from claim cost and gross FCY statistics remain immutable.

Realised FXThe exchange gain or loss that becomes final when an item is settled: the rand value at the settlement rate minus the carrying value of the part that was settled.

No payments yet

Payments settle the reserve. Their realised FX is kept apart from the claim cost.

Journals

Balanced ZAR entries written when movements and payments are posted

JournalA balanced set of ZAR debit and credit lines for the general ledger. Each journal links back to the transactions that produced it.

No journal yet

The balanced journal is written when the item is approved and posted.

Rate evidence

Where each recognition and settlement rate came from

Rate evidenceThe stored record of where an exchange rate came from: the provider, quote direction, requested and used dates, retrieval time and a fingerprint of the provider's response. It cannot be changed once used.

Used for	Provider	Rate type	Requested date	Used date	ZAR per unit	Retrieved	State	Fingerprint
Reserve movement	DETERMINISTIC_MOCK	spot	06 Aug 2026	06 Aug 2026	0.28500000	06 Aug 2026 10:00	Locked	`111111111111…`

Approvals

Decisions by independent approvers

No decisions yet

Approvals and rejections appear here with the approver’s note.

History

Every action on the claim, its movements and its payments, oldest first. Entries are never changed.

No history yet

Every action on this record will be listed here.