8.3.7.1 Identifying Split Drawdowns
As part of split rollover one drawdown results into multiple drawdowns. After successful creation of new drawdowns, the system displays the reference number of the newly created drawdowns in the Roll Contract Ref No field (in the SPLIT ROLLOVER screen) of the original parent drawdown.
Note:
- Participants and Participant ratios in the split drawdowns remain same as the parent drawdown.
- Sum of the principals of the split drawdowns will be less than or equal to the outstanding principal of the parent drawdown.
Parent topic: Specifying Details for Split Rollover