GrossWithdrawal
The GrossWithdrawal Assignment element, located in the transaction XML, is used to remove money from funds. The Assignment parameters specify details of fees that may accompany the withdrawal. This is similar to PartialWithdrawal, but the charges are applied within the removal amount.
| Type = GrossWithdrawal | ||
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Allocations needed? |
Yes |
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Attributes |
MVACHARGE |
Yes, No, or a field that holds
Yes or No. Indicates whether there is an MVA Charge.
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MVAMONEYTYPE |
The MVA money type. |
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REDEMPTIONFEE |
Yes or No. Indicates whether there is a Redemption Fee. |
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REDEMPTIONMONEYTYPE |
The Redemption Fee money type. |
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BUCKET |
The bucket for the EIFund. Must be an integer value. |
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| FUNDOVERFLOWMONEYTYPE | Specifies the money type code of the fund overflow. | |
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Element Value |
One or more MoneyType tags that define the amount and type of money to be applied. The tags can have an attribute named NETFIELD. |
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Note: Assignment fields must be negative (removal). The allocation records should be positive and must match total money-out amount/units or 100%. This is similar to PartialWithdrawal, but the charges are applied within the removal amount. |
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Used when |
Unscheduled money-out |
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Examples |
Withdrawal |
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Systematic Withdrawal |
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XML Example
<Assignment TYPE="GrossWithdrawal" IF="MVWithdrawalType = 'Amount'"FUNDOVERFLOWMONEYTYPE="16" >
<MoneyType NAME="NegativeNetMoneyOut">32</MoneyType>
</Assignment>
