---
title: "Redemption Order Calculation Handbook"
url: "https://d9awyx7m9zmryg2.productfruits.help/en/article/redemption-order-calculation-handbook"
language: "en"
last_updated: "2025-03-13T14:23:48.340Z"
---

# 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.