Premium Matrixes

You can use a premium matrix to determine the value of a contract charge that has one of the following configurations:

• Value Type set to Premium Matrix
• Value Type set to Calculated, with an expression based on the GetPremiumMatrixValue() function
• Value Type set to Calculated, with an expression based on the GetPriceSeriesValue() or GetPriceSeriesValueQP() function, with a premium matrix specified for the price series for forward values

A premium matrix has multiple rates, each of which can have different validity periods and applicability (for example, limited to specified despatch locations or brands). Rates can be tiered to vary the premium value based on the price of the material.