1.14 Process Entity Commission

This topic provides the systematic instructions to process commission payments for various entities.

The Entity Commission payment process consolidates the accrued commission for each entity at a fund-level and the payment is processed based on the IDS options defined for each entity in the Entity IDS, with payment being made in the base currency of the fund. If no IDS options have been maintained, the default mode of payment for the entity is used for processing.

The Entity Commission payment process can be executed either as a batch process as part of EOD.

Specify User ID and Password, and log in to Home Screen.

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

   Figure 1-12 Entity Commission

   
   

   
   Description of "Figure 1-12 Entity Commission"

   
   
2. Enter the details of the entity for which you wish to process the commission payments.
   Entity commission payments are processed only for those entities for which the Entity Payment Details have been maintained, even if entity commission has been accrued.
3. On Entity Commission screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-18 Entity Commission - Field Description

   Field	Description
   Entity Type	Alphanumeric; 1 Character; Mandatory Specify the entity type.
   Description	Display The system displays the description for the selected entity type.
   Entity ID	Alphanumeric; 12 Character; Mandatory Specify the entity ID.
   Entity Name	Display The system displays the entity name for the selected entity ID.