The following information applies to basic waivers that you define for a variable expense. It does not apply to special waivers.
If you are using expense waivers:
- You can set up a waiver tier rule for a variable expense waiver. This is optional. For details and an example, see Manage Waiver Tier Rules.
- Set up a variable expense where you select a Waiver Tier ID to identify the waver tier rule, a Waiver Account, the Expense Limit/Cap, and the Waiver Expiration Date. For descriptions of these Waiver Information fields, see Create Variable Expense Panel Options.
- Run expense accruals to process all total fund level and class level expenses. For details, see Run Expense Accruals.
- During processing, the system allocates total fund expenses down to the share classes.
- During processing, the system checks if the variable expense needs a waiver, and whether the waiver is associated with a waiver tier rule.
- Then:
- If the variable expense has a waiver with a waiver tier rule, the system calculates the waiver using the waiver tier rule and posts it.
- If the variable expense has a waiver with no waiver tier rule, the system processes the waiver and posts it.
- If the variable expense has no waiver, the process completes.
0 Comments