1.4 Brokerage Details Maintenance

This topic describes the systematic instruction to brokerage details maintenance.

When capturing the details of a contract, the user have to specify the brokerage details applicable to the contract. By default, the brokerage details specified for the product apply to the contract as well. However, if the user want to change some details, like the booking of brokerage, whether the brokerage should be booked in advance or in arrears, or waived altogether, the currency of the contract, the user have to modify the details in the Brokerage Details screen.

Specify the User ID and Password, and login to Homepage.

1. In the Contract Input screen, click Brokerage.
   The Brokerage Details screen displays.

   Figure 1-5 Brokerage Details

   
   Description of "Figure 1-5 Brokerage Details"
2. On the Brokerage Details screen, specify the fields.

   In case of a new contract, if brokerage already exists for the product, to which the contract is associated, the system pick up the values and display them in this screen. However, if the product has not been associated with a brokerage rule, you do not see any values in this screen.

   You can define brokerage for a specific contract, even if it has not been defined for the other contracts involving the product.

   When you invoke the Contract Brokerage Details screen, you can change the values only if you have clicked the Modify option from the Action Menu.

   The user have to give the following inputs in the Brokerage Details screen to define the contract brokerage details:

   Table 1-7 Brokerage Details- Field Description

   Field	Description
   Contract Reference Number	This is a display field which displays the corresponding contract reference number.
   Broker Type	The system displays the broker type.
   Broker Name	This displays the description of the broker code. The broker code displays along with the broker’s name in the screen. The user cannot change the broker, through this screen, for the contract that you are processing.
   New Commission Setup	The system displays the new commission setup.
   Rule Applied	The system displays the Rule that has been applied.
   Brokerage Currency	This displays the broker code selected in the contracts main screen.
   Brokerage Amount	If the brokerage payable currency is the same as the brokerage paid currency, then the same amounts (brokerage paid and brokerage payable) displays against the currencies. You can change these currencies if you wish to. While you cannot alter the brokerage payable amount which displays, you can change the brokerage paid amount value.
   Currency	The system displays the currency. This is the currency of the brokerage amount specified in the Broker Master screen.
   Amount	The system displays the amount. This field displays the brokerage amount calculated for the transaction.
   Booking Method	The system displays the booking method.
   Consider For Discount	The system displays the preference for the broker being considered for discounts.
   Liquidation Status	The system displays the liquidation status.
   Liquidation Reference Number	The system displays the liquidation reference number
   Sub Rule	The system displays the Sub-rule.
   Effective Date	The system displays the effective date for the slab rule.
   Basis From	The system displays the basis (from) detail for the slab rule.
   Basis To	The system displays the basis (to) detail for the slab rule.
   Fixed Rate	The system displays the fixed rate for the slab rule.
   Flat Amount	The system displays the basis detail for the slab rule.
   Min Amount	The system displays the minimum amount for the slab rule. While booking deal in these screen, Min amount is considered for Fixed rate +Flat amount.
   Max Amount	The system displays the maximum amount for the slab rule. While booking deal in these screen, Max amount is considered for Fixed rate +Flat amount.