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.