In the Create Distribution Schedule panel, you can add a distribution schedule. You can add distribution schedules for use with periodic distributions, set rate distributions, and net investment income (NII) distributions.
To create a distribution schedule:
...
In Accounting Center
...
,
...
in the left navigation
...
pane, click Setup > Fund Accounting
...
> Distribution Schedules > Create Distribution Schedule.
...
You see the
...
Create Distribution Schedule panel.
Complete the options in the
...
Create Distribution Schedule panel.
Click Submit
...
Create Distribution Schedule Panel Options
...
Option
...
Tag
...
Description
...
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.
...
Accounting Basis
...
21
...
Specifies the accounting basis.
...
Distribution Category
...
744
...
Indicates the type of distribution processing that uses the distribution schedule. When you select a value, additional fields appear for each category. Options include:
Periodic. When you process periodic distributions, the schedule identifies when the periodic distributions reach the ex-date.
Non-Distribution. When you process set rate distributions, the schedule identifies a non-distribution period for the days not to post a daily distribution. Instead the process proportionally absorbs the expense differential activity for that non-distribution period.
NII-Split. When you process net investment income (NII) distributions and use split dividend processing, the system uses a distribution schedule to identify split dividend ex-dates. Split dividend ex-dates determine when the system calculates split dividends. You can select this category if the entity has its Daily Distribution Method field (tag 3904) set to a value of Net Investment Income.
...
Automate Split Ex-Dates
...
1257
...
Indicates whether you want the system to add split dividend ex-dates for a specified date range to the distribution schedule or want to add split dividend ex-dates manually. Options include:
Yes. Allows the system to add split dividend ex-dates to the distribution schedule for a specified date range. The system determines the dates based on the entity's NII split method, the entity's Earn Thru Rule and the entity's business calendar. When you select this value, the NII Split Period Begin Date field and the NII Split Period End Date field appear. The Day in Month field also appears if the entity uses mid month split dividend processing.
No. Allows you to add individual split dividend ex-dates manually. When you select this value, the Ex Dt field appears. This field appears if you set the Distribution Category field to a value of NII-Split.
...
Distribution Type
...
736
...
Specifies the type of periodic distribution to which the schedule applies. Options include:
Income
Short Term
Long Term
Special
This field appears if you set the Distribution Category field to a value of Periodic.
...
Share Class
...
34
...
Specifies the share class to which the periodic distribution posts. This field appears if you set the Distribution Category field to a value of Periodic.
...
Ex Dt
...
65
...
Specifies the ex-date. An ex-date is the date on or after which a security is traded without a previously declared dividend or distribution. For schedules for periodic distributions, the ex-date identifies the periodic distribution ex-date. For schedules for split dividend processing, it identifies the actual split dividend ex-date.
This field appears if you set the Distribution Category field to a value of Periodic. It also appears if you set the Distribution Category field to a value of NII-Split and set the Automate Split Ex-Dates field to No.
...
NII Split Period Begin Date
...
35
...
Specifies the start date of the date range for which the system adds split dividend ex-dates. This field appears if you set the Automate Split Ex-Dates field to Yes.
When the system calculates the split dividend ex-date, it determines the Begin Date for that ex-date. This is the business day associated with the split dividend ex-date, which always is a non business processing date.
...
NII Split Period End Date
...
36
...
Specifies the end date of the date range for which the system adds split dividend ex-dates. This field appears if you set the Automate Split Ex-Dates field to Yes.
When the system calculates the split dividend ex-date, it also determines the End Date for that ex-date. This is the next business day associated with the split dividend ex-date, which always is a non business processing date.
...
Non-Distribution Begin Date
...
71
...
Specifies the start date of the date range for the non-distribution period. During this period, the set rate distribution process does not post a daily distribution. In most cases, this occurs at the end of a calendar year after the last distribution payment date of the year.
This field appears if you set the Distribution Category field to a value of Non-Distribution.
...
Non-Distribution End Date
...
73
...
Specifies the end date of the date range for the non-distribution period. During this period, the set rate distribution process does not post a daily distribution.
This field appears if you set the Distribution Category field to a value of Non-Distribution.
...
Absorption Begin Date
...
220
...
Specifies the begin date of the date range in which to absorb the calculated expense differential from the non-distribution period.
This field appears if you set the Distribution Category field to a value of Non-Distribution.
...
Absorption End Date
...
221
...
Specifies the end date of the date range in which to absorb the calculated expense differential from the non-distribution period. If the absorption end date is not equal to the absorption begin date, the expense differential calculated is divided by the appropriate number of days in the absorption period to post a daily expense absorption value.
This field appears if you set the Distribution Category field to a value of Non-Distribution.
...
Day in Month
...
11948
...
.