Page Comparison

Add/Update Special Waiver Hierarchy Rule

Indicates whether you are adding a new waiver hierarchy rule or maintaining an existing waiver hierarchy rule. Options include:

• Add. Allows you to add a waiver hierarchy rule and add rule criteria for that rule.
• Update. Allows you to add a rule criteria entry for an existing waiver hierarchy rule. 

Identifies the type of special waiver that uses the special waiver hierarchy rule. Options include:

• Assumption Fee. The waiver hierarchy rule applies to a special waivers for an assumption fee. You can only select a single expense to waive because the system hard codes the second waiver for the assumption fee.
• Waterfall Waiver. The waiver hierarchy rule applies to special waivers for waterfall waivers. For waterfall waivers, you must set up a fund hierarchy rule as well as a class hierarchy rule.
• Waterfall Waiver for NII. The waiver hierarchy rule applies to waterfall waiver funds when you use net investment income (NII) as your daily distribution method and define a minimum yield for a share class. When you process NII distributions, it allows waterfall waiver funds to calculate yield to minimum distribution adjustments that reflect the waterfall waiver process.

Indicates whether you are defining the special waiver hierarchy rule for fund or class level expenses. Options include: 

• Fund. The system applies the special waiver hierarchy rule at the fund level. If you select Assumption Fee as the special waiver type, the system displays a Fund rule type and you cannot change it. 
• Class. The system applies the special waiver hierarchy rule at the share class level.

Accounting Basis

21

Specifies the accounting basis. 

Effective Date

1109

Specifies the effective date.

Waiver Hierarchy

5039

Specifies the number that represents the hierarchy level to prioritize the expenses to waive. For example, assign a value of 1, 2, or 3 in a sequence to identify the expense and waiver rank within the fund and class hierarchy rules used for waterfall waivers. Here 1 identifies the first level for the system to waive during processing. The system posts the lowest number, that is, 1, first and then moves down the hierarchy.

Expense Name

3252

Specifies the valid expense account for the expense to waive.

Expense RecPay Account

1825

12012

Displays the level, fund or share class, at which the system processes the receivable/payable event associated with the expense. 

Waiver Name

1632

Specifies the name of the waiver account for the expense.

Waiver RecPay Amount

1826

Displays the expense account number for the selected waiver account.

Waiver RecPay Share Class

7012

Displays the level, fund or share class, at which the system processes the receivable/payable event associated with the waiver. 

Special Waiver Recoupment

760

Indicates whether to include the expense in the special waiver recoupment process. This option is not available if you set the Special Waiver Type to Waterfall Waiver for NII. Options include: 

• Yes. Include the expense in the special waiver recoupment process.
• No. Do not include the expense in the special waiver recoupment process.