7.14 Process Trailing Commission Accrual Processing

The accrual of trailer commission for a fund or group of funds can be executed as a job, which you can trigger in the Trailing Commission Accrual Processing screen.

  1. On Home screen, type UTDTCAC in the text box, and click Next.
    The Trailing Commission Accrual Processing screen is displayed.

    Figure 7-19 Trailing Commission Accrual Processing


    Description of Figure 7-19 follows
    Description of "Figure 7-19 Trailing Commission Accrual Processing"

  2. On Trailing Commission Accrual Processing screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 7-18 Trailing Commission Accrual Processing - Field Description

    Field Description
    Fund/Product/Group Optional
    Select the category from the adjoining drop-down list. Following are the options available:
    • Fund
    • Product
    • Group
    Fund/Product/Group ID Alphanumeric; 50 Characters; Mandatory

    Specify the ID of the fund or fund group for which the trailing commission is to be accrued.
    Description Display

    The system displays the description for the selected Fund/Product/Group ID.
    Load ID Display

    The system displays the load ID based on the reference number selected.
    From Entity Type Display

    The system displays the from entity type based on the reference number selected.
    To Entity Type Display

    The system displays the to entity type based on the reference number selected.
    Process Type Optional
    Select the processing type from the drop-down list. The list displays the following values:
    • Mock
    • Actual
    Process Date Date Format; Optional

    Specify the actual date in this field. As required you can alternatively specify mock accrual date.

    The process date should be less than the application date.

    You can also change the date to a back date, but the data output will be from last process date till the date provided while running this accrual.

    The date input should be greater than last process date (payment date). The system will use From date as last processed date and To date as the report date/application date -1.

    If you provide last process date, then the system will not do any new accrual for that date and there will be output till the last process date. For instance, if the payment is monthly, and if 31-Dec was last payment date, then 01-Jan will be the From date. If the report is run on 20-Jan as application date, then mock output will be from 01-Jan to 19-Jan.
    Reference Number Alphanumeric; 50 Characters; Mandatory

    Specify the trailer fee for which the accrual can be fetched. The adjoining option list displays all valid reference number maintained in the system for periodic load. You can choose the appropriate one.

    This field is applicable only for mock type

Process Periodic Commission

The Periodic commission as on date process will support all the methods of calculation currently supported in the system. The accrual frequency applicable is for all methods other than daily accrual. The accruals will be done in Fund base currencies only.

The process can be run multiple times, but the earlier data will be overridden with the latest data stored in a new table. However, you can change the date to a back date, in that case the data output will be from last process date till the date provided while running this accrual.

The date input should be greater than last process date (accrual date). The system will use from date as last processed date and to date as the report date/application date -1. For instance, if the payment is monthly say 31st Dec was last payment date then 1st Jan will be the from date. If the report is run on 20th Jan as application date then mock output will be from 1st Jan to 19th Jan.

Note:

  • Quarterly average holding method supports quarterly accrual and yearly payment frequency.
  • Quarterly average holding method is supported for broker set up only

  1. Following client country needs to be ON for this method to be functional in system:
    1. TCQ computation will be done only when the client country AOSTRAILCOMM is ON during payment processing.
    2. The quarterly average holdings computation will be done only when the client country HBGTRAILCOMM is ON.
    3. If the client country AOSTRAILCOMM is OFF, accrual entries will be posted but with basis amount as zero and resulting in zero accrual amount.