The Waiver Hierarchy Rule panels allow you to set up and maintain the expense hierarchy rules used for special waivers. You can also use waiver hierarchy rules to include/exclude expenses from the special waiver recoupment process.
For assumption fees, you can only set up a single expense to waive. The system applies a second waiver for the assumption fee. For waterfall waivers, you must set up a fund hierarchy rule as well as a class hierarchy rule. You can also create waiver hierarchy rules for use with yield to minimum NII distribution processing.
