Initial Charge
A user-initiated process computes the Initial Charge Payables to Promoters. A pop up message will appear to warn the user if the process related to rebate, Initial Charge or Trailer Fee is re-run.
Deviated Deals
Deviated Deals, wherein a special discount on the Initial Charge accorded to the Client can be handled. These transactions are excluded from the normal Rebate Computation process.
Commission Rate Hierarchy
Rates can be defined either at the Promoter level, Fund level, Compartment level or Share Class level.
The rates can be linked to Groups of Clients and / or Group of Products. Default commission rate by Promoter or Fund as well as grouping Promoters or Funds with the same standard fee rates are possible. Considering the Fund hierarchy, the Commission Rate at the lowest level will be applied.
