2.21.5 Underwriters Setup

This topic provides the systematic instructions to Bank Underwriters Setup record.

1. Underwriters are entities to which the AMC would pay trailing commission and ongoing management fees for underwriting any of the funds floated by the AMC.
2. You can also maintain basic records such as contact information, signatories and base currency of Underwriters as entities in the system.
3. Click Detail option under the Entity menu item in the Browser.
   The Single Entity Maintenance Detail screen is displayed.
4. Select Underwriter option from the drop down list in the Entity Type field in the Common Information section, and then proceed to enter the details for the underwriter.
5. You must specify all information such as the common information, basic information and contact details for all underwriters that you set up.

   Note:

   You must associate an underwriter that you create a record for, to the fund for which investors avail the check writing facility. You can indicate the association in the Fund Entity screen. You can also associate an underwriter with the trailing fee load due to the underwriter, in the Periodic Load Maintenance screen.