BufferAcctInd

Description
Buffer Account Indicator

Type : OLI_LU_BOOLEAN
DescriptionNameValue
FalseOLI_BOOL_FALSE0
TrueOLI_BOOL_TRUE1

Definition
TRUE indicates the investment has an associated buffer account to cover participant withdrawals to some threshold. FALSE indicates the investment does NOT have an associated buffer account to cover participant withdrawals to some threshold.Buffer accounts are generally seen in institutional investing scenarios as when the investment is funding a 401(K) pool for a particular employer or employer(s). The buffer account would be used to insulate the contractual investment from frequent or small withdrawals by providing a pool of money that can be used to service individual employee withdrawals before the main Investment value is withdrawn.

Parents
SubAccount