Override Set Rate Distributions

In the Override Set Rate Distribution panel, you can review the final daily rate for each class and can manually override the rate if you need an adjustment. The only value you can change is the rate.

To override set rate distributions:

In Accounting Center, in the left navigation pane, click Fund Accounting > Distributions > Set Rate Distribution > Override Set Rate Distribution.
You see the Override Set Rate Distribution panel.
In the Entity Id and Entity Name fields, select the unique identifier and name of the master fund associated with the set rate distribution you are reviewing.
In the Rate Effective Date, specify the effective date for the rate you want to update.
In the Share Class field, specify the share class for the rate you want to update.
The panels displays the set rate information for the selected entity, share class, and date combination. You can review this information.
In the New Distribution Rate box, specify the updated rate that overrides the existing distribution rate.
After you enter a value for the new distribution rate, the system calculates the value in the New Distribution Amount box. It bases this value on the New Distribution Rate value entered multiplied by the Distribution Shares of the selected distribution.
Click Submit.

Override Set Rate Distribution Panel Options

The following are the options in the Override Set Rate Distribution panel.

Option	Tag	Description
Set Rate Manual Override
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.
Rate Effective Date	1109	Specifies the effective date for the set rate that you want to override. If the rate falls on a weekend, enter that weekend effective date rather than the associated business day accounting date.
Share Class	34	Specifies the share class for the rate that you want to override.
Acctg Dt	36	Displays the accounting date for the selected rate information.
Acctg Basis	21	Displays the selected entity's accounting basis used in the expense differential calculation.
Distribution Category	744	Displays the type of distribution processing that uses the distribution schedule. For example, Non-Distribution.
Distribution Shares	737	Displays the shares used to calculate the set rate distributions.
Distribution Shares Type	759	Displays whether the fund uses settled or outstanding shares to calculate the distribution amount for set rate distributions.
Distribution Account	1826	Displays the account number for the distribution.
Distribution Payable Account	1825	Displays the account number for the distribution payable.
Class Expense Per Share	3836	Displays the class expense per share. The system calculates the Class Specific Expense Per Share by taking the Total Class Level Expense Delta and dividing by the Distribution Shares for each share class.
Class Expense Differential	3839	Displays the class expense differential. The system takes the base class specific expense per share minus each share class’s specific expense per share.
Expense Absorption Differential	3837	Displays the expense absorption differential.
Total Class Expense Differential	3840	Displays the total class expense differential.
Negative Income to Allocate	3841	Displays the negative income to allocate.
Weight Share Allocation Pct	3842	Displays the weighted shares allocation percentage. The system takes each positive rate share class’s distribution shares and divides it by the summed distribution share amount to calculate the weighted shares allocation percentage
Reallocated Negative Income	3843	Displays the reallocated negative income. The system calculates each share class’s weighted share allocation percentage and multiplies it by the calculated negative income amount of the negative rate class to get the allocated negative income value.
Reallocated Negative Income Per Share	3844	Displays the reallocated negative income per share. The system calculates the per share amount of the allocated negative income for each class by dividing the dollar amount of the allocated negative income by the distribution shares for each share class.
Distribution Rate	753	Displays the distribution rate.
Distribution Amount	783	Displays the distribution amount.
New Distribution Rate	738	Specifies the updated rate that overrides the existing distribution rate.
New Distribution Amount	740	Displays the new distribution amount. The system bases this value on the New Distribution Rate value entered multiplied by the Distribution Shares of the selected distribution.
Distribution Amount Change	781	Displays the distribution amount change. The system calculates this value by subtracting the original Distribution Amount from the New Distribution Amount.
Distribution Rate Change	758	Displays the distribution rate change. The system calculates this value by subtracting the original Distribution Rate from the New Distribution Rate.
Taxable Indicator	1143	Identifies the distribution general ledger account to which the system posts the daily distribution amount. Options include: N. Taxable. Indicates the distribution posts to the general ledger accounts for taxable distributions. Tax-Exempt. Indicates the distribution posts to the general ledger accounts for tax exempt distributions. WRITERS NOTE: what values appear? Default is N. Is that null?
Active Status	1283	Displays the status of the accounting period for the set rate distribution you are overriding. For example, OPEN. You can submit an override for an open accounting period, but cannot submit an override to a closed accounting period.