Unit Fund Brokerage Report

Purpose

To allow the reporting of brokerage amounts to be paid to brokers calculated between user defined date ranges

Timing

This report may be run at any time, but is usually run at a month or quarter end.  As the report is date range dependant, it may be run before or after the month or quarter end.

Access

1. Unit Fund | Print Brokerage Due
   

Report

Report Specific Parameters

Field	Explanation
Report Order	Options are: Head Office - Report will print in Head Office order with a subsection for each Broker belonging to each Head Office. Sorted by Head Office Client Code and by Broker Code within Broker - Report will print each Broker in order. Sorted by Broker Code
From Account Balance Date	Enter the brokerage calculation start date
To Account Balance Date	Enter the brokerage calculation end date Note: The report may be used to predict future brokerage repayments. However it is recommended that the report is re-run immediately prior to the brokerage payment processing, as there will be a discrepancy between the totals if a Unit Fund account balance changes in the interim period.
Dealer Account	If the report is to be printed for a specific Broker then select that Broker here
Include Accounts with no Brokerage	Check off by default. If checked on then any Unit Fund Account with a zero brokerage calculation will display. Zero brokerage calculations may arise if: The account has a zero brokerage rate The account has a zero opening and closing balance. This may occur if the account has not been made inactive and a closed date added

For details of the brokerage calculation refer to the document Unit Fund Brokerage Calculation and Posting.

• Related Articles

• Payout Brokerage to Brokers

  Purpose Following the completion of the Calculate and Post Unit Fund Brokerage process, the direct credit batch to pay the Brokers needs to be created, and the Communications dispatched to the Brokers. Process There are four steps to the Payout ...

• Unit Fund Brokerage

  Setup Brokerage can be calculated automatically by the system based on a Brokerage Rate. The brokerage calculated can be posted to either a head off client or to an individual broker. Each broker must first be set up as a dealer The dealer account is ...

• Unit Fund Account Type Setup

  Purpose To allow for different types of Unit Fund Accounts to be created, such as Unit Fund and Loan Repayments Each Account Type can be assigned a different Unit Value if required Access Accounts | Edit/View Account Types | | Unit Fund Account Type ...

• Unit Fund Account Summary Report

  Purpose To provide the client with a Transactional History and Balance of a Unit Fund Account Rules for selection of transactions to appear on summaries The transaction is not grouped Transaction value date is within the Transaction Date Range ...

• Unit Fund Account Status Report

  Purpose Provides details of the Unit Fund account current and future ledger balances in dollar and unit amounts. Accrued Interest may also be reported. Timing The report may be run at any time Access Unit Fund | Print Variable Loan Account Status ...