I get all turned around sometimes with the banking/borrowing/using stuff. Please help me sort this out:

We got 150 new points last week for the 2020 December use year. Those have a banking deadline of 7/31. If I plan to use them for a trip in April 2022, I need to bank them forward, right?

And then on 12/1/21 I will get the 2021 allotment of 150, giving me a total of 300 points available for use, plus the remainder of my original contract’s 2021 points as well, correct? (We borrowed a few toward the Eff You Covid Tour).

Thanks in advance.