The Credit Control screen enables you to quickly assess whether all the risks notified as written in the Risk Bordereaux have been notified as paid in the Premium Bordereaux. Only Bordereaux that have reached a status of Approved are considered. If there are sub-risks processed (e.g. if a Sub-Risk Identifier is used for multi-location Risks), then any values are summed and displayed in a single Risk entry in the grid.

The Gross Premium Written column displays the total premium written from the Risk Bordereaux. The Gross Premium Paid displays the total premium notified for payment from the Premium Bordereaux. The Gross Premium Outstanding displays the premium amount that is still outstanding for payment (the difference between the Gross Premium Written and the Gross Premium Paid).

The ‘Payment Status’ column displays whether the Risk is:

• ‘Fully Paid’: The Gross Premium Outstanding is zero
• ‘Partially Paid’: The Gross Premium Outstanding is positive
• ‘Unpaid’: The Gross Premium Outstanding is equal to the Gross Premium Written
• ‘Over Paid’: The Gross Premium Outstanding is negative

If you hover over each field name in the grid you can view the definition and/or function of the field.