Calculate fund ex-post costs and create rebates
You can calculate fund and share class fees and record ex-post costs to generate a standard ex-post cost report or distribute kickbacks to shareholders with the standard rebate contracts functionality.
Set up fee calculation
To set up fund-level fees, define the fee formula, amount of percentage, and ex-post category in the Fund wizard, Fee structure tab (for details, see Fee structure tab).
To set up share class-level fees, define the fee formula, amount of percentage, and ex-post category in the Share class wizard, Fee structure tab (for details, see Fee structure tab).
Record ex-post costs and generate ex-post costs report
When you accept NAV, the fee amounts are recorded in FA Back (Security window for the share class security, Ex-ante/Ex-post costs tab). You can generate the ex-post report in the Report window.
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 %.
Select the portfolios to calculate the rebates for in the Portfolios view and click Calculate rebates.
Define the calculation dates and click Confirm date selection. A list of transactions to be created is shown and you can at this point unselect any that you do not want to save.
Click Create rebates.
The created rebate transactions can be seen in the portfolios and in the Transactions view.