CONV_EXIT

The CONV_EXIT event marks the allocation of funds from the cash amount of an investment option to charities. This event determines the amount to be distributed, but the actual transfer to charities may occur later.

Fields

Field	Type	Description	Value
`Type`	string	Identifies the event	`CONV_EXIT`
`Timestamp`	DateTime (ISO-8601)	The timestamp of the event
`Option`	string	The identifier of the investment option
`Amount`	decimal(20,4)	The amount to be allocated to charities

Purpose

This event is essential for triggering the allocation process and determining how much will be distributed to charities. It is a key step in the payout lifecycle for investment options.

Notes

Transfers to charities may be postponed due to minimum thresholds or transfer costs. Allocated amounts are tracked until they are eligible for transfer.

By J.W. Morsink