How to Calculate MPF Xtra Extension Fees

  • You must contact the service center for an extension
  • A DC may be extended up to 30 calendar days
  • Extensions can be requested for one day or multiple days, not to exceed 30 calendar days
  • There is always a fee for an extension
  • Fees will be charged to the eAdvantage general DDA account on the day of the transaction
  • Fees are calculated using the pass-through rate/net interest - Note rate less the servicing fee of .25

         Note                           4.25
         Less servicing fee        .25
         = Pass-through rate 4.00 or .0400

         .0400 x $200,000.00 = $8,000.00 / 360 = $22.22 per day