Manage Waiver Hierarchy Rules

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.