RedemptionAmountFormula
The rule defines the calculations that must be performed to determine the redemption fee associated with a withdrawal activity. Redemption fees can be applied to a withdrawal if the deposit has not yet matured at the time of withdrawal.
| Element | Attributes | Parent Element | Description | Element/Attribute Value |
|---|---|---|---|---|
|
<RedemptionAmountFormula> |
FUNDFIELD FUNDVALUE
Name of the field from the FundScreen where redemption fee is held. 01: Indicates that OIPA should charge redemption fee for the fund. |
Opening and closing tag for the rule. | ||
|
<MathVariables> |
<RedemptionAmountFormula> | Opening and closing tag for math variable section. | ||
|
<MathVariable> |
<MathVariables> |
Repeatable element. Standard math variable configuration. |
||
|
<MathIF> |
<MathVariables> | Standard MathIF configuration. |
XML Example
<RedemptionAmountFormula FUNDFIELD="RedemptionFee" FUNDVALUE="01">
<MathVariables>
<MathVariable VARIABLENAME="RateLockDate" TYPE="EXPRESSION" DATATYPE="DATE">DepositRateLockDate</MathVariable>
<MathVariable VARIABLENAME="DepositEffectiveDateMV" TYPE="IIF" EXPRESSION="IsEmpty(RateLockDate)" DATATYPE="DATE">DepositEffectiveDate, RateLockDate</MathVariable>
<MathVariable VARIABLENAME="EffectiveDateMV" TYPE="EXPRESSION" DATATYPE="DATE">EffectiveDate</MathVariable>
<MathVariable VARIABLENAME="Duration" TYPE="FUNCTION" DATATYPE="INTEGER">DaysDiffOf(DepositEffectiveDateMV,EffectiveDateMV)</MathVariable>
<MathVariable VARIABLENAME="RedemptionAmount" TYPE="VALUE" DATATYPE="DECIMAL">0</MathVariable>
<MathVariable VARIABLENAME="RedemptionFactor" TYPE="VALUE" DATATYPE="DECIMAL">0.00</MathVariable>
<MathVariable VARIABLENAME="RedemptionDuration" TYPE="VALUE" DATATYPE="INTEGER">0</MathVariable>
<MathVariable VARIABLENAME="ShortTermRedemptionUnits" TYPE="VALUE" DATATYPE="DECIMAL">0</MathVariable>
<MathVariable VARIABLENAME="ReserveAdjustmentMoneyType" TYPE="VALUE" DATATYPE="TEXT">14</MathVariable>
<MathVariable VARIABLENAME="MoneyType" TYPE="EXPRESSION" DATATYPE="TEXT">DepositMoneyType</MathVariable>
<MathVariable VARIABLENAME="RedemptionDuration" TYPE="EXPRESSION" DATATYPE="INTEGER">Fund:RedemptionDuration</MathVariable>
<MathIF IF="(Duration < RedemptionDuration) And (MoneyType <> ReserveAdjustmentMoneyType)">
<MathVariable VARIABLENAME="RedemptionFactor" TYPE="EXPRESSION" DATATYPE="DECIMAL">Fund:RedemptionFactor</MathVariable>
<MathVariable VARIABLENAME="RedemptionAmount" TYPE="EXPRESSION" DATATYPE="DECIMAL">DepositCashValue * RedemptionFactor</MathVariable>
<MathVariable VARIABLENAME="ShortTermRedemptionUnits" TYPE="EXPRESSION" DATATYPE="DECIMAL">DepositUnits</MathVariable>
</MathIF>
</MathVariables>
</RedemptionAmountFormula>
