Full Tilt Points - MGR Effect

[willwonka]

I know I have seen this somewhere; but can't find it.

What is the effect on Rakeback for cashing in FUll Tilt Points. Isn't it like 1/2 cent per point? Anybody know the complete formula that Full Tilt uses.

I know of some things that get deducted such as:

Bonus
Guaranteed Tourneys that don't reach the guarantee
Points in the Points Store

Anything else?

Does anybody know the complete formula?

Thanks.