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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>