Redemption Order Calculation Handbook

This article outlines the calculation methodology for redeeming tokens in an Open-ended scenario. It provides a formula for determining the estimated amount received after redemption, including rounding rules and exchange rate considerations.

Open-ended Token Redemption

Key Parameters

TR (Tokens to redeem): Number of tokens the user wishes to redeem.

P (Estimated price per token): Price per token based on the current Net Asset Value (NAV).

AR (Estimated amount to receive): The amount the user will receive post-redemption.

EX (Exchange rate): Conversion rate between the base currency and investment currency.

IC (Investment currency): Currency in which the investment is made.

BC (Base currency): Currency used as the base for calculation.

Formula for Redemption Calculation

AR = TR * P (BC) * EX(IC/BC)

Rules & Considerations

No fees apply during redemption.

No rounding rules for TR, as the input value is taken as is.

Rounding rules for AR (IC):

Always ROUND DOWN.

If IC is FIAT, round down to 2 decimal places.

This guide provides the required calculations and rounding rules to ensure a smooth redemption process. If further clarification is needed, please reach out to support.