Edit Set Rate Distributions

Owned by Nancy Cohn (Deactivated)
Last updated: Mar 29, 2024
2 min read

In the Edit New Set Rate Distribution panel, you can change an existing set rate distribution. You can modify the set rate distribution information at any time during the distribution period. However, this process is not retrospective, and it does not regenerate prior rates in the period. If you make a change, the system adjusts only rates going forward. 

You can change the set rate distribution's accounting basis used in the expense differential calculation, set rate, effective date, distribution period end date, payment date, and taxable indicator value. 

To edit a set rate distribution:

  1. In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Periodic Distributions > Edit New Set Rate Distribution.
    You see the Edit New Set Rate Distribution panel.

  2. 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 editing.

  3. In the Report Start Date and Report End Date fields, specify the start and end date to identify the distribution.
    The panel retrieves only the latest instance of the set rate distribution that falls within the selected date range.

  4. In the Accounting Basis for Expense Differential field, select the accounting basis used in the expense differential calculation to identify the distribution. You can also change this value.
    You see information for the selected set rate distribution, including the base share class, original and current rate begin dates, and current distribution rate. 

  5. In the New Distribution Rate box, specify the modified set rate for the distribution period.

  6. In the New Rate Effective Date box, specify the effective date for the new rate you entered. 

  7. In the New Rate End Date box, modify the value if you are changing the ending date for the set rate distribution period.
    The system updates the values displayed in the Days in Entire Period box and the New Period Daily Rate box. 

  8. In the Payment Date box, specify the updated payment date for the distribution. 
    This date is for reference only and does not affect processing.

  9. In the Taxable Indicator list, you can change the Taxable or Tax-Exempt value for the distribution.
    This option determines the distribution general ledger account to which the system posts the daily distribution. amount.

  10. Click Submit.