Minimum Balance Penalty Options vs. Dividend Calculation Type

The following matrix describes how the Minimum balance penalty code settings in share product configuration work together with the Calc Type to control how dividends are paid:

 

- Minimum Balance Penalty Codes -


- Calc Types -

Daily Compare
(X)

End of Period
(E)

Daily Compare/Rollback
(D)

Simple Daily
(S)

At any time during the dividend period, if the current account balance is less than the Min Bal to Earn, dividends are not accrued for that day.

At the end of the dividend period, if the current account balance is less than the Min Bal to Earn, no dividends will be paid for the entire period.

WARNING: THIS COMBINATION IS NOT COMPLIANT WITH TIS RULES.

Evaluates the account every day. If at any time during the period the account balance falls below the Min Bal to Earn, dividends are not paid for the entire period.

WARNING: THIS COMBINATION IS NOT COMPLIANT WITH TIS RULES.

 

 

 

 

Compound Simple Daily
(C)

At any time during the dividend period, if the current account balance is less than the Min Bal to Earn, dividends are not accrued for that day.

At the end of the dividend period, if the current account balance is less than the Min Bal to Earn, no dividends will be paid for the entire period.

WARNING: THIS COMBINATION IS NOT COMPLIANT WITH TIS RULES.

Evaluates the account every day. If at any time during the period the account balance falls below the Min Bal to Earn, dividends are not paid for the entire period.

WARNING: THIS COMBINATION IS NOT COMPLIANT WITH TIS RULES.

 

 

 

 

Average Daily (D)

INVALID COMBINATION

At the end of the dividend period, if the average daily balance is less than the Min Bal to Earn, no dividends will be paid for the entire period.

Evaluates the account the end of the dividend period. If at any time during the period the account balance fell below the Min Bal to Earn, dividends are not paid for the entire period.

WARNING: THIS COMBINATION IS NOT COMPLIANT WITH TIS RULES.

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#MinBal_Penalty_Codes.htm