You are here: Transaction Rules > Transaction Elements > Assignment Elements > Switch

Switch

Description

The Switch Assignment type, located in the transaction XML, is used to transfer money to or from unit linked funds using guaranteed price dates.

Switch Assignment Type
Type	Switch
Allocations needed?	Yes
Attributes	SWITCHFEERATE	Percentage (between 0.00 and 1.00) to be charged to the redemption funds in the transaction. Not valid with SWITCHFEEAMOUNT.
	SWITCHFEEAMOUNT	Flat amount in base currency to be charged to the redemption funds in the transaction. Not valid with SWITCHFEERATE.
	SWITCHFEEMONEYTYPE	Required only if a Switch fee rate or amount is present. Applies a MoneyType for the calculated Fee amount.
	IF	Conditional expression that, if true, will allow the assignment to execute.
Element Value	none
Note: This assignment does not support the MoneyType element. SWITCHFEERATE and SWITCHFEEAMOUNT cannot be used together, only one is allowed. SWITCHFEERATE will take precedence. Requires MathStatement element with FindNextExchangeDatePricing or FindLastExchangeDatePricing function.
Used when	To transfer money to or from unit linked funds using guaranteed price dates.
Examples	Switch, AutoRebalance, CostAveraging etc.

<Assignment TYPE="Switch" SWITCHFEERATE="SwitchFeeRate" SWITCHFEEMONEYTYPE="SwtitchFeeMoneyTypeCode"></Assignment>