Example of Defining a Request to Create Partner Contributions from Open Distributions
This example illustrates how to define a request to create partner contributions from open cost distributions on a daily basis.
A joint venture has three stakeholders and all agreed to contribute on a daily basis from 10/1/2021 to 10/3/2021 to recover outstanding distributions from each stakeholder.
To meet this purpose, the managing partner created a partner contribution request with the following information:
| Request Name | Start Date | End Date | Use Open Distribution Amount | Frequency | Status |
|---|---|---|---|---|---|
| PCDAILY | 10/1/2021 | 10/3/2021 | Selected | Daily | Active |
The corresponding open distributions for each stakeholder are:
| Transaction Amount | Stakeholder | Distributed Debit | Distributed Credit | Creation Date |
|---|---|---|---|---|
| 1000.00 USD | EQUITECH_CASPRO | 450.00 USD | None | 10/1/2021 |
| EQUITECH_BARNCASPER | 350.00 USD | None | 10/1/2021 | |
| EQUITECH_PROWEST | 200.00 USD | None | 10/1/2021 | |
| -150.00 USD | EQUITECH_PROWEST | None | -150.00 USD | 10/1/2021 |
| 2000.00 USD | EQUITECH_CASPRO | 1000.00 USD | None | 10/2/2021 |
| EQUITECH_BARNCASPER | 1000.00 USD | None | 10/2/2021 | |
| 3000.00 USD | EQUITECH_CASPRO | 1000.00 USD | None | 10/2/2021 |
| EQUITECH_BARNCASPER | 500.00 USD | None | 10/2/2021 | |
| EQUITECH_PROWEST | 500.00 USD | None | 10/2/2021 | |
| 2000.00 USD | EQUITECH_CASPRO | 900.00 USD | None | 10/3/2021 |
| EQUITECH_BARNCASPER | 700.00 USD | None | 10/3/2021 | |
| EQUITECH_PROWEST | 400.00 USD | None | 10/3/2021 |
The process runs on all three days, creating partner contributions. It uses the distribution creation date to determine the contribution amount for each day of the period as illustrated in the following tables:
Partner contributions created from the run on 10/1/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 10/1/2021 | 450.00 USD |
| EQUITECH_BARNCASPER | 10/1/2021 | 350.00 USD |
| EQUITECH_PROWEST | 10/1/2021 | 50.00 USD |
Partner contributions created from the run on 10/2/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 10/2/2021 | 2000.00 USD |
| EQUITECH_BARNCASPER | 10/2/2021 | 1500.00 USD |
| EQUITECH_PROWEST | 10/2/2021 | 500.00 USD |
Partner contributions created from the run on 10/3/2021:
| Stakeholder | Partner Contribution Start Date | Partner Contribution Amount |
|---|---|---|
| EQUITECH_CASPRO | 10/3/2021 | 900.00 USD |
| EQUITECH_BARNCASPER | 10/3/2021 | 700.00 USD |
| EQUITECH_PROWEST | 10/3/2021 | 400.00 USD |
The partner contribution start date is when the partner contribution is available to be drawn from to cover cost-related distributions. In a daily frequency such as in this example, the start date is populated from the partner contribution creation date.