7.18 Process Entity Commission Sharing Detail

This topic provides the systematic instructions to set up the rules according to which trailer commissions could be shared.

Trailer commission on holdings in a fund, is typically paid by the fund to the master distributor agent, and the sharing of trailer commission between the master distributor and other transaction intermediaries is processed based on the hierarchy level holdings.

  1. On Home screen, type UTDENTCO in the text box, and click Next.
    The Entity Commission Sharing Detail screen is displayed.

    Figure 7-23 Entity Commission Sharing Detail


    Description of Figure 7-23 follows
    Description of "Figure 7-23 Entity Commission Sharing Detail"

  2. On Entity Commission Sharing Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 7-21 Entity Commission Sharing Detail - Field Description

    Field Description
    Type Of Commission Alphanumeric; 12 Characters; Mandatory

    Specify the type of commission being shared – Transaction Fee Commission, Trailer Fee Commission or Admin Tax.
    Description Display

    The system displays the description for the selected type of commission.
    AMC ID Alphanumeric; 12 Characters; Mandatory

    Specify the AMC for which you are defining the sharing setup. If the same setup is applicable for all AMCs, you can select the ALL option.

    AMC Name Display

    The system displays the description for the selected AMC ID.
    Parent Entity Type Alphanumeric; 1 Character; Mandatory

    Specify the type of entity for which the trailer commission sharing is applicable. This could be the Distributor Agent, Branch, Account Officer or IFA.
    Parent Entity Description Display

    The system displays the description for the selected parent entity type.
    Parent Entity ID Alphanumeric; 12 Characters; Mandatory

    Specify the ID of the specific entity of the selected type, for which the trailer commission sharing is applicable. If the same setup is applicable for all underlying entities of the selected type, you can select the ALL option.

    Parent Entity Name Display

    The system displays the description for the selected parent entity name.
    To Entity Type Alphanumeric; 1 Character; Mandatory

    Specify the type of entity for which the trailer commission sharing is applicable.
    To Entity Description Display

    The system displays the description for the selected To Entity type.
    To Entity ID Alphanumeric; 12 Characters; Mandatory

    Specify the ID of the specific entity of the selected type, for which the trailer commission sharing is applicable.
    To Entity Name Display

    The system displays the description for the selected To Entity name.
    Fund ID Alphanumeric; 6 Characters; Mandatory

    Specify the fund of the AMC for which you are defining the sharing setup. If the same setup is applicable for all funds of the AMC, you can select the ALL option.

    Fund Name Display

    The system displays the description for the selected fund ID.
    Fund ISIN Display

    The system displays the fund ISIN code for the selected fund ID.

    If you have specified Fund ISIN code, then the system displays the fund ID.
    Group ID Alphanumeric; 6 Characters; Optional

    Specify the group ID.
    Group Description Display

    The system displays the description for the selected group ID.
    Commission Sharing Methods Alphanumeric; 2 Characters; Mandatory

    Specify the commission sharing methods.
    Description Display

    The system displays the description for the selected commission sharing methods.
    Commission Percentage Numeric; 2 Characters; Optional

    Specify the commission percentage.

    Note: You will not be able to specify the commission percentage, if Admin Tax Sharing is opted as the type of commission to be shared.

    Performance Parameters The section displays the following fields.
    Load ID Alphanumeric; 5 Characters; Optional

    Specify the load ID.
    Description Display

    The system displays the description for the selected load ID.
    Commission Currency Alphanumeric; 3 Characters; Optional

    Specify the commission currency code.
    Description Display

    The system displays the description for the selected commission currency.
    Processing Frequency Alphanumeric; 1 Character; Optional

    Specify the processing frequency for the sharing, and the next processing date for the commission sharing.
    Description Display

    The system displays the description for the selected processing frequency.
    Calculation Method Alphanumeric; 1 Character; Optional

    Specify the calculation method. The calculation method could either be Daily or Average Balance.
    Description Display

    The system displays the description for the selected calculation method.
    Next Processing Date Date Format; Optional

    Specify the next processing date for the commission sharing.

    Based on the AMC-Distributor agreement, the commission share of the Branches and IFAs could be processed at the AMC. For this, the commission sharing set up is to be maintained at fund level. At the AMC installation, the set up applies only to AMC funds; at the Distributor, the set up applies to other funds too.

Parent topic: Set up Loads