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The system can facilitate the calculation, accrual, and posting of asset management fees. This expense type is a variable expense that is calculated by applying a performance rate to the prior day's total net assets and multiplying the result by Month/Days CPD (1/12th / number of business or calendar days in the current month as specified on entity set up). The performance rate is determined by an evaluation process that compares an annualized expense gross yield to the tier rate information that you define.
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