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Oracle® Insurance XML Configuration Guide Release 9.4.1.0 E23637_01

# Withdrawal

## Description

The Withdrawal Assignment element, located in the transaction XML,is used to remove money from funds. The Assignment parameters specify details of fees that may accompany the withdrawal.

Type | Withdrawal |
--- | --- | ---
Allocations needed? | Yes
Parameters | MONEYTYPE | Money type to assign to the principal withdrawal amount.
POLICYFREEAMOUNT | Policy Amount in base currency that is exempt from the SurrenderChargeRate.
SURRENDERCHARGERATE | Percentage (between 0.00 and 1.00) to be charged to the redemption funds in the transaction. Not valid with SurrenderChargeAmount.
SURRENDERCHARGEAMOUNT | Flat amount in base currency to be charged to the redemption funds in the transaction. Not valid with SurrenderChargeRate.
SURRENDERCHARGEMONEYTYPE | Required only if a Surrender charge fee rate or amount is present. Applies a MoneyType for the calculated charge amount.
REMOVALMETHOD | [Gross, Net] literal values only. Indicates if the requested amount or percent is gross or net of the surrender charge. Default is Gross.
IF | Conditional expression that, if true, will allow the assignment to execute.
Element Value | none
Note: This assignment does not support the MoneyType element. SURRENDERCHARGERATE cannot be used together with SURRENDERCHARGEAMOUNT and POLICYFREEAMOUNT, only one is allowed. SURRENDERCHARGERATE will take precedence and the other parameters will be ignored. Requires MathStatement element with FindNextExchangeDatePricing or FindLastExchangeDatePricing function.
Used when | To remove money from unit linked funds using guaranteed price dates.
Examples | Withdrawal

## XML Example

    <Assignment TYPE="Withdrawal" REMOVALMETHOD="Gross" MONEYTYPE="32" SURRENDERCHARGERATE="PartialSurrenderPercentCharge" SURRENDERCHARGEMONEYTYPE="07"

    IF="MVSurrenderChargeMethod = 'GROSS' And MVWithdrawalType = 'DirectedDeduction'">

    </Assignment>

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