Process Sinking Fund Payments

In the Global Process workspace's Sink Schedule Processing panel, you can process sinking fund payments globally. Global processing only uses sinking fund values in the Corporate Action table that have a corporate action status of Released.

To process sinking fund payments globally:

1. In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes. You see the Global Process workspace.
2. In the left navigation, click Corporate Actions > Sink Schedule Processing.
   You see the Sink Schedule Processing panel.
3. Complete the options on the Sink Schedule Processing panel.
4. Click Submit.
   The system processes the corporate actions that met your global processing criteria. It only processes mandatory corporate actions that have a status of Released, along with corporate actions with voluntary elections that have an Entity Election Status of Released. It processes the entitlements to the appropriate entities based on the reference data entered for the corporate action. When processing completes, the Global Process workspace displays the results of the job.

You can run reports to check the position or ledger entries or can review your results in Position Viewer. You can see transactions with an Event Type of SINKPMT in the Cost object's Close Lots tab.