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 | Displays the selected distribution's Taxable Indicator value, which determines the distribution general ledger account to which the system posts the daily distribution amount. Options include:
|
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. |
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