3.38.3 Process Performance Fee Accrual

This topic provides information on processing performance fee accrual details.

An EOD batch Performance Fee Accrual Process handles the accrual of performance fee, based on the next accrual date defined at the Fund Rule. The accrual of the performance fee is carried out as follows:

1. If the current application date is greater than or equal to next accrual date, the Performance Fee Accrual Process batch gets executed.
2. The rule mapped for the event Period End in Group Rule maintenance, for a given group Id, is used for performance fee accrual calculations.
3. Once accrual processing gets completed, the system updates the Last Accrual date as current application date and Next Accrual date as current application date + accrual frequency for the fund rule.

Note:

Accruals are performed only for reporting purpose and there will be no impact on transac\u0002tion processing or further performance fee calculation.