Example of Defining a Request to Create Partner Contributions from a Requested Amount
This example illustrates how to define a request to create partner contributions from a requested amount on a weekly basis.
A joint venture has three stakeholders and all agreed to contribute every week from 11/1/2021 (Monday) to 11/16/2021 (Tuesday) to fund a particular joint venture expense. For each week, the forecasted amount required to meet the expense is 5,000 USD. This amount must be split among the stakeholders using an ownership definition.
The managing partner requests the stakeholders to contribute every Wednesday. To effectively meet this request, a week is defined as starting from Wednesday through Tuesday, and the process must run every Wednesday to create partner contributions during the period.
The following table lists the important information in the request that the managing partner creates:
| Request Name | Start Date | End Date | Frequency | Week Start Day | Week End Day | Run Day | Requested Amount | Ownership Definition/Direct Billed Stakeholder |
|---|---|---|---|---|---|---|---|---|
| PCWEEKLY | 11/1/2021 | 11/16/2021 | Weekly | Wednesday | Tuesday | First day of the following week | 5,000 USD | OPD1 |
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11/3/2021 (Wednesday) - This covers the two days that are outside the weekly range, 11/1/2021 (Monday) and 11/2/2021 (Tuesday).
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11/10/2021 (Wednesday) - This covers the week from 11/3/2021 (Wednesday) to 11/9/2021 (Tuesday).
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11/17/2021 (Wednesday) - This covers the week from 11/10/2021 (Wednesday) to 11/16/2021 (Tuesday).
The partner contribution start date is when the partner contribution is available to be drawn from to cover cost-related distributions. When the process creates the partner contributions, it populates the start date for each partner contribution. The partner contributions created for the two days that are outside the weekly range will be assigned 11/1/2021 as the partner contribution start date, and those created for the next two weeks will be assigned 11/3/2021 and 11/10/2021, respectively, as the partner contribution start date.
The following tables illustrate the contribution amount derived for each stakeholder and the partner contribution start dates assigned by the process:
Partner contributions created from the run on 11/3/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 11/1/2021 | 2,250.00 USD |
| EQUITECH_BARNCASPER | 11/1/2021 | 1,750.00 USD |
| EQUITECH_PROWEST | 11/1/2021 | 1,000.00 USD |
Partner contributions created from the run on 11/10/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 11/3/2021 | 2,250.00 USD |
| EQUITECH_BARNCASPER | 11/3/2021 | 1,750.00 USD |
| EQUITECH_PROWEST | 11/3/2021 | 1,000.00 USD |
Partner contributions created from the run on 11/17/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 11/10/2021 | 2,250.00 USD |
| EQUITECH_BARNCASPER | 11/10/2021 | 1,750.00 USD |
| EQUITECH_PROWEST | 11/10/2021 | 1,000.00 USD |