Create rebates
You can distribute rebates to shareholders with the standard rebate contracts functionality.
Rebate formulas
Formula | Description | Transaction type |
|---|---|---|
Accrued kickbacks (ATC / 365) | Calculates accrued rebate for securities that have a defined rebate percentage under "Cost info". | Rebate,REB |
Accrued kickbacks (ATC / ATC) | Calculates accrued rebate for securities that have a defined rebate percentage under "Cost info". | Rebate,REB |
Accrued kickback daily (ACT / 365) | Does the same calculation as 'Accrued kickback (ACT/365)' but generates one transaction per day in the triggered interval. | Rebate,REB |
Create rebate transactions
Define the Rebate % in the Rebate contracts tab of the client’s Portfolio window. This is the part of the management fee that is returned to the investor: For example, if the management fee is 1.5% and 1% should be returned as rebates, 66,67% should be used as the kickback %.
Open the Portfolios view, select portfolios to calculate rebates for, and click Calculate rebates.
Define the calculation dates and click Calculate. You can see a list of the transactions the system will create and can uncheck transactions you do not want to save. You can also run the calculation in the background by clicking Calculate (background). If you choose this option, open the Confirm rebates task in the Tasks view, My tasks list to continue the procedure.
Click Create rebates.
You can see the created rebate transactions in the Portfolios and Transactions view.
 |