3.38.2 Process Performance Fee Payment

This topic provides information on processing performance fee payment details.

An EOD batch Performance Fee Payment Process is used to process period end calculation of performance fee, based on the next payment date defined at the Fund Rule. The steps involved in the processing of performance fee can be summarized in the steps given below:.

1. If the current application date is greater than or equal to next payment date, the Performance Fee Payment Process batch gets executed.
2. During payment processing, the system performs period end calculations as per the period end rule maintained for the given group and crystallizes the performance fee for all outstanding inflow transactions captured in the system.

Note:

The reference type PE identifies the transactions generated due to period end calculations.