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META_UPDATE_FRACTIONS

The META_UPDATE_FRACTIONS event updates the reinvestment fractions for an investment option. The three fractions (Reinvestment_fraction, FutureFund_fraction, and Charity_fraction) must add up to 1. The Bad_year_fraction specifies the minimal fraction of the total amount in the investment option that should always be transferred, regardless of profits.

Fields

Field Type Description Value
Type string Identifies the event. META_UPDATE_FRACTIONS
Timestamp DateTime (ISO-8601) The time of the event.
Code string The identifier for the investment option.
Reinvestment_fraction decimal(10,10) The fraction of profits to reinvest.
FutureFund_fraction decimal(10,10) The fraction of profits to donate to the future fund.
Charity_fraction decimal(10,10) The fraction of profits to donate to the charity.
Bad_year_fraction decimal(10,10) The minimal fraction of the total option amount that should always be transferred.

Purpose

This event is essential for updating how profits and minimum transfers are handled for an investment option.


By J.W. Morsink