Manage Special Waivers for Expenses

Expense waivers represent the amount the fund waives or assumes in order to keep the funds actual expenses low. Waivers allow the fund to set a limit or cap on the amount of expenses charged to shareholders. In Eagle's investment accounting solutions, you can either use waivers for simple waiver scenarios or can use special waivers to process certain types of complex waivers. Special waivers allow you to process waivers that use Assumption Fees, Waterfall Waiver Daily methodology, and Waterfall Waiver FYTD (fiscal year to date) methodology. 

You can use special waivers to define the special waiver and recoupment elections for a fund. For an assumption fee, you set up a special waiver at the total fund level. For waterfall waivers, you can set up special waivers for the total fund and all share classes. You can define the expense limit/cap and NAV component and link special waiver rules to entity share classes. You can include/exclude share classes from the special waiver recoupment process as well.