8.12.9 Compensation Sub Tab

This topic provides information on the Compensation section, which records and manages details of financial reimbursements.

The Compensation (Loan) sub tab records and displays the terms of compensation between the finance company and the dealer for Loan transactions.

To complete the Compensation (Loan) sub screen

1. On the Origination, click Origination. Under Origination, click Funding.
2. Under Funding, click Funding tab. Under Funding tab, click Contract. Under Contract, click Compensation.
3. On the Compensation sub screen’s Compensation section, select in the Compensation Plan section the compensation plan user want to use.
4. Click Load.
   The system loads the following information on the Compensation sub screen:

   Table 8-16 Compensation

   Field	Description
   Compensation	Displays the compensation section.
   Compensation Plan	Displays the compensation plan.
   Disbursement Method	Displays the compensation payment method.
   Calculation Method	Displays the compensation calculation method.
   Chargeback	Displays the chargeback section.
   Paid Calc Method	Displays the charge back calculation method (early payoff).
   Paid %	Displays the percentage of chargeback paid.
   Paid Basis	Displays the charge back paid basis.
   Paid Term	Displays the charge back paid term.
   Paid Days	Displays the charge back paid days.
   Charge off Calc Method	Displays the charge back calculation method (charge off).
   Charge off %	Displays the charge back percentage (charge off).
   Charge off Basis	Displays the charge back basis (charge off).
   Charge off Term	Displays the charge back term (charge off).
   Days	Displays the charge back days (charge off).
   Calculation	Displays the calculation section.
   Spread Formula	Displays the compensation spread formula.
   Buy Rate	Specify the buy rate.
   Factor	Displays the compensation factor.
   Addl Factor	Displays the additional compensation factor.
   Max Spread %	Displays the maximum spread or percent allowed.
   Upfront %	Displays the upfront compensation percentage.
   Flat Amt	Displays the flat amount.
   Upfront Comp Amt	Displays the compensation amount paid upfront.
   Rem Comp Amt	Displays the compensation amount remaining.
   Comp Amt	Displays the compensation amount.

5. Make any necessary changes in the Buy Rate field.
6. Click Calculate.

   The system displays the details and amounts for this compensation plan.