Transfer Calculations

Note: Unless otherwise indicated, all calculations adhere to the standard rounding rules. For information on those rules, see Standard Rounding Rules.

The instructions in a Recurring Cash Transfer Transactions e-doc must reference only one KEMID as the source of funds but may reference multiple targets for the transfer. For each target specified, an instruction in the e-doc indicates how the transfer amount is to be calculated. Any of three calculation methods may be specified in the instruction, and a single e-doc may specify a different instruction/calculation method for each target.

The three types of instruction and the corresponding processing performed by this batch process are as follows.

If the instruction is to move a percentage using an Etran code, the process moves the specified percent of the funds deposited to the endowment since the last transaction processed for the specified Etran code.

If the instruction is to move a percent of the funds, the process bases its calculation on the current cash equivalents balance for the KEMID.

If the instruction is to move a specific amount, the system generates the target (To) transaction line for that amount.

When multiple calculation methods are associated with a single recurring transfer record, the system determines the order in which to process instructions for a target based on the order in which the record for this particular target was entered in the transfer instruction e-doc.

When performing calculations, the system always calculates target transfer amounts first and then totals the target amounts to obtain the source amount.

Note: If your institution does not allow the KEMID to have a negative cash balance as a result of this transaction, and if the calculated source amount will overdraw the KEMID, the process cancels the e-doc and reports the information on the exception report.

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Create Fee Transactions Process