Basic Information | The section displays the following fields. |
Broker Type | Alphanumeric; 6 Characters; Mandatory Specify a unique alphanumeric identifier for the broker type. |
Description | Alphanumeric; 255 Characters; Mandatory Specify the description of the broker type. |
Distributor ID | Alphanumeric; 12 Characters; Mandatory Select the ID of the AMC for which you are defining the broker type. |
Distributor | Display The system displays the distributor details for the selected distributor ID. |
Broker Consultant | Alphanumeric; 40 Characters; Mandatory Specify the name of the designated consultant for the broker type. |
Payment Details | In this section, specify the frequency pattern for the payment of commission to any of the brokers that would be mapped to the broker type. |
Payment Frequency | Mandatory Select whether a monthly or bimonthly frequency of payment is preferred for brokers under this broker type from the drop-down list. The list displays the following values: - Monthly Payment
- Bi-Monthly Payment
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First Payment Date No | Optional If the payment frequency you have indicated for the broker type is Monthly, indicate the date of every month on which the commission payment is to be processed for brokers under this broker type, by choosing the appropriate day of the month from the list. If the payment frequency you have indicated for the broker type is Bi-Monthly, indicate the date of every month on which the first commission payment is to be processed for brokers under this broker type, by choosing the appropriate day of the month from the list. |
Second Payment Date No | Optional If the payment frequency you have indicated for the broker type is Bi-Monthly, indicate the date of every month on which the second commission payment is to be processed for brokers under this broker type, by choosing the appropriate day of the month from the list. This value must be higher than the one you selected in the First Payment Date No. field. |
Last Working Day | Optional Select if the commission payment for brokers mapped to this broker type must be processed on the last working day of the month from the drop-down list. The list displays the following values: |
Contact Details | The section displays the following fields. |
Contact Details | In this section, specify the means of communication with the main brokerage firm that represents the broker type. You can access this section by clicking the Contact Details link. You can specify at least two addresses, and designate one as the default mailing address to be used for correspondence with the brokerage firm, and the other as the alternate address. Specify the default address under the Default Address tab, and the alternate address under the Alternate Address tab. You can also maintain the SWIFT address for the main brokerage firm of the broker type, in the SWIFT Address tab |
Address Type | Mandatory Select the type of address from the drop-down list. The list displays the following values: - Correspondence Address
- Alternate Address
- SWIFT Address
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Address Lines 1-2 | Alphanumeric; 80 Characters; Optional (Address Line 1 is Mandatory) Specify the postal address that is to be used for correspondence with the main brokerage firm for this broker type. |
City/ Address Line 3 | Alphanumeric; 80 Characters; Optional Specify the name of the city of residence of the main brokerage firm for this broker type. |
State/ Address Line 4 | Alphanumeric; 80 Characters; Optional Specify the state in which the city of residence of the main brokerage firm for this broker type is located. |
Zip Code | Alphanumeric; 6 Characters; Optional Specify the zip code of the specified city of residence of the main brokerage firm for this broker type. |
Country | Alphanumeric; 3 Characters; Mandatory Select the country in which the main brokerage firm for this broker type is domiciled, from the drop-down list. |
Telephone 1-2 | Alphanumeric; 15 Characters; Optional Enter the contact telephone numbers of the main brokerage firm for this broker type. |
Cell Phone Number | Alphanumeric; 16 Characters; Optional Specify the cell phone number of the main brokerage firm for this broker type. |
Fax Number | Alphanumeric; 15 Characters; Optional Enter the fax number of the main brokerage firm for this broker type. |
Email | Alphanumeric; 60 Characters; Optional Specify the E-mail address of the main brokerage firm for this broker type. |
Contact Person | Alphanumeric; 70 Characters; Optional Specify the name of any contact person or official through whom communication with the main brokerage firm is possible. |
Effective From Date | Date Format; Optional Specify the date that marks the beginning of the period for which the specified Correspondence address is valid. |
Effective To Date | Date Format; Optional Specify the date that marks the end of the period for which the specified Correspondence address is valid. |
BIC Code | Alphanumeric; 12 Characters; Optional Specify Bank Identifier Code (BIC) of the main brokerage firm for this broker type. |