Create Fixed Distributions

Owned by Tom Fahey (Unlicensed)
Last updated: Mar 28, 2024 by Nancy Cohn (Deactivated)
2 min read

In the Create Fixed Distribution panel, you can add a fixed distribution rate.

To add a fixed distribution rate:

  1. In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Fixed Distributions > Create Fixed Distribution.
    You see the Create Fixed Distribution panel.

  2. Complete the options on the Create Fixed Distribution panel.

  3. Click Submit.

Create Fixed Distribution Panel Options

The following are the options in the Create Fixed Distribution panel.

Option

Tag

Description

Option

Tag

Description

Add Fixed Distribution Rule

 

 

Entity ID

1163

Specifies the master fund entity identifier. You must select an entity for which you selected Fixed Rate as the Daily Distribution Method value. 

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:

  • Non-Daily. Allows you to define a set period for the rate.

  • Daily. Allows you to define an indefinite period for the rate.

Calendar/Business Days

153

Specifies the type of calendar. Options include:

  • Calendar

  • Business

Beginning Period Date

71

Specifies the beginning period date. This field value must be greater than the date entered for the hidden Distr Thru Date field. Additionally, it cannot be less than or equal to the end date of the last period. If there is no previous period end date, the system sets the previous period end date to the new beginning period date minus one.

The selected date determines whether the change is prospective or retrospective. A change is retrospective when the beginning period date is equal to or earlier than the current date, and the system posts the effect of the change as a one-time adjustment on the next accrual period. A change is prospective when the beginning period date occurs after the current date.

Ending Period Date

73

Specifies the ending period date. If you set the distribution frequency to Non-Daily, this field appears.

Rate

746

Specifies the distribution rate.