Post Mil Rate Adjustments

Owned by Nancy Cohn (Deactivated)
Last updated: Mar 28, 2024
1 min read

In the Post Mil Rate Adjustment panel, you can adjust a mil rate. The system processes breakage/mil rate adjustments. There is no ledger impact. 

To post a mil rate adjustment: 

  1. In Accounting Center, in the left navigation pane, click Fund Accounting > Distributions > Distribution Adjustments > Post Mil Rate Adjustment.
    You see the Post Mil Rate Adjustment panel.

  2. In the Portfolio Name and Portfolio ID fields, specify the master fund entity name or the master fund entity identifier.
    When you select an entity, the NII Distribution Shares field displays the net investment income (NII) distribution shares for the entity.

  3. In the Share Class field, select the share class associated with the mil rate adjustment you want to post.

  4. In the Valuation Date field, specify the date to which the valuation applies.

  5. In the Mil Rate Adjustment Amt field, specify the mil rate adjustment amount that you want to post.

  6. Click Submit.