In the Change Retrospective Rate panel, you can adjust a distribution rate that involves an adjustment to the general ledger. You must add the new rate. The old rule is closed and the ending period date is updated.
To change a retrospective rate:
1. From Accounting Center window, click Transactions in the left navigation.
2. Double click Distributions, Fixed Fund Distributions, and Change Retrospective Rate.
You see the Change Retrospective Rate panel.
3. Complete the options in the Change Retrospective Rate panel.
4. Click Submit.
5. Close the Change Retrospective Rate bottom tab to return to the Accounting Center.
Change Retrospective Rate Panel Options
Option | Tag | Description |
|---|---|---|
Change Fixed Distributions - Retrospective | ||
Entity ID | 1163 | Specifies the master fund entity identifier. |
Entity Name | 1164 | Specifies the master fund entity name. This field is automatically populated based on the Entity ID. |
Class Code | 34 | Specifies a valid share class. |
Daily/Non-Daily Indicator | 735 | Specifies the distribution frequency. Options include: |
Calendar/Business Days | 153 | Specifies the type of calendar. Options include: |
Beginning Period Date | 71 | Specifies the beginning period date. |
Ending Period Date | 73 | Specifies the ending period date. This field appears if you set the Daily/Non-Daily Indicator to Non-Daily. |
Distribution Target Rate | 753 | Specifies the target rate for distributions and expenses. |
Distribution Old Rate | 749 | Specifies the old rate for distributions and expenses. |
New Daily Rate | 747 | Specifies the new daily distribution rate. |