13.8 Accounting Entries for Adhoc Expense Fee
- Events for which adhoc expense fee is collected is FELR for a fee component liquidation and FACR for fee component accrual.
- For a borrower product, no accounting entries are expected as these expenses are not collected from borrowers.
- For a participant product, the following accounting entries are added to the events associated with fees.
FELR
Table 13-111 FELR
Accounting Role | Amount Tag | Dr/Cr |
---|---|---|
Customer | FeeComponent_LIQD | Dr |
FeeComponent_PAY | FeeComponent_LIQD | Cr |
FELR: With Amortization/Accrual
Table 13-112 FELR
Accounting Role | Amount Tag | Dr/Cr |
---|---|---|
FeeComponent_PGL | FeeComponent_LIQD | Dr |
Customer | FeeComponent_LIQD | Cr |
FACR
Table 13-113 FELR
Accounting Role | Amount Tag | Dr/Cr |
---|---|---|
FeeComponent_EXP | FeeComponent_ACCR | Dr |
FeeComponent_PGL | FeeComponent_ACCR | Cr |
FELR: Without Amortization/Accrual
Table 13-114 FELR
Accounting Role | Amount Tag | Dr/Cr |
---|---|---|
FeeComponent_EXP | FeeComponent_LIQD | Dr |
Customer | FeeComponent_LIQD | Cr |
Parent topic: Appendix A – Events, Advices and Accounting Entries