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Oracle® Insurance XML Configuration Guide Release 9.4.0.0 E18894_01

# GrossFullWithdrawalWithAllocations

## Description

The GrossFullWithdrawalWithAllocations element type, located in the transaction XML, is used to withdraw money from funds. Allocations on the activity at the time of assignment are used to reduce the contract value first. Any remaining amount that must be assigned is distributed amoung the remaining funds on the contract at a ratio of the fund value to the total remaining fund value %. This is similar to GrossFullWithdrawal.

Type | GrossFullWithdrawalWithAllocations
Allocations needed? | Yes
Parameters | SURRENDERCHARGE | Yes, No or a field that holds 'Yes' or 'No'. Determines whether or not a surrender charge is applied.
SURRENDERMONEYTYPE | The type of money for the surrender charge.
MVACHARGE | Yes, No or a field that holds 'Yes' or 'No'. Indicates whether there is an MVA Charge.
MVAMONEYTYPE | The MVA money type.
REDEMPTIONFEE | Yes or No. Indicates whether there is a redemption fee.
REDEMPTIONMONEYTYPE | The redemption fee money type.
BUCKET | The bucket for the EIFund. Must be an integer value.
Element Value | Assignment fields must be negative (removals). The allocation records should be positive and must match the total money-out amount/units or 100%. This is similar to PartialWithdrawal, but the charges are applied within the removal amount.
Note: Assignment fields must be negative (removals). Allocations on the activity at the time of assignment are used to reduce the contract value first. Any remaining amount that must be assigned is distributed amoung the remaining funds on the contract at a ratio of the fund value to the total remaining fund value %. This is similar to GrossFullWithdrawal.
Used when | Total Money-out
Examples | FreeLook

## XML Example

    <Assignment TYPE="GrossFullWithdrawalWithAllocations" SURRENDERCHARGE="Yes" SURRENDERMONEYTYPE="07" MVACHARGE="Yes" MVAMONEYTYPE="3">

    <MoneyType NAME="GMDBChargeDueRemoved">95</MoneyType>

    <MoneyType NAME="GMWBChargeDueRemoved">94</MoneyType>

    </Assignment>

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