Promote Calculator
Contract independently qualified pro mot able residual×actual promote basis points, exact half away minor units. No hurdle/catchup/entitlement or agreement inferred.
Description
A promote applies a contract-defined share to an eligible residual cash pool.
A promote applies a contract-defined share to an eligible residual cash pool.1
Eligibility and any prior hurdles must be resolved before the multiplication. The calculation and input requirements are explained below.
When to use Promote Calculator
Enter a nonnegative safe integer promotable residual in minor units and integer promote basis points from 0 to 10000.
How to use Promote Calculator and how it works
- Prepare the measurements or independently established model inputs described below, with matching units and observation scope.
- Enter the required fields and run Promote Calculator.
- Read the result fields using the formula, output units, signs and ordering explained below.
- Correct any rejected inputs and rerun; interpret the result within the stated model and its assumptions.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| actualQualifiedPromotableResidualMinorUnits | Actual Qualified Promotable Residual Minor Units. Use the units and matching context stated in the calculation below. | number | Required; finite; other constraints below |
| callerContractPromoteBasisPoints | Caller Contract Promote Basis Points. Use the units and matching context stated in the calculation below. | number | Required; integer 0–10000; finite; other constraints below |
Enter a nonnegative safe integer promotable residual in minor units and integer promote basis points from 0 to 10000. Multiply using BigInt and round to nearest minor unit, with halves away from zero. Return promote and residual minus promote. Entitlement and preceding contract hurdles are not calculated.
promoteMinor=roundHalfAway(residualMinor*bps/10000) Apply the input ordering, units and branch conditions stated above.
| Output field | Meaning | Value type |
|---|---|---|
| result | Object containing the calculated or selected fields below. | object |
| result.actualPromoteMinorUnits | Actual Promote Minor Units. Interpret its unit, sign, order or availability flag as explained above. | number |
| result.remainingResidualMinorUnits | Remaining Residual Minor Units. Interpret its unit, sign, order or availability flag as explained above. | number |
{
"input": {
"actualQualifiedPromotableResidualMinorUnits": 100,
"callerContractPromoteBasisPoints": 2000
},
"output": {
"result": {
"actualPromoteMinorUnits": 20,
"remainingResidualMinorUnits": 80
}
}
}Limitations and assumptions
The calculation uses the supplied observations and model inputs. It does not collect measurements, select a reference population or coefficient, or establish that the model applies to the actual case. The stated branch conditions and output units remain part of the result.
All fields require explicit values. Unexpected fields, wrong types, nonfinite numbers and sparse arrays are rejected. Alignment, bounds and supported-token rules are explained above; extremely large inputs or nonfinite results can also fail. Input errors differ from successful false comparisons, unavailable-domain flags and empty match lists.
Alternative or Complementary methods
Use Waterfall Distribution Calculator for a complementary operation: A cash waterfall pays established claims in priority order.
Use GP LP Split Calculator for a complementary operation: GP and LP cash shares apply after contract priority claims and promotes have been resolved.
References
-
Promote Calculator — tool.io
Similar or alternative tools
- Waterfall Distribution Calculator
A cash waterfall pays established claims in priority order.
- GP LP Split Calculator
GP and LP cash shares apply after contract priority claims and promotes have been resolved.