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Cash Adjustments Generated by Tiered Rates
- Agreements containing tiered rate sets will price all trades at the base (default) rate initially; in nightly batch processing,
- GPS will automatically generate cash adjustments that represent the difference between the tiered rate that applies and the base rate.
- GPS will create the discount, subtract it from the base rate and add it back in the form of a cash adjustment.
- It will be described as a “GPS-generated cash adjustment”.