Create management fee table

Create management fee table

In order to create a management fee table, follow the steps below. IT is not recommended that existing management fee tables be edited when rates change as if this is done there will be no record of the old rates. It is better to create a new management fee table and link it to the originator group product.

 

1. Navigate to Configuration > Setup :



2. Select the Management Fees Table option under Fees :


3. This will navigate to the List Management Fee Tables screen. Simply click on the plus/cross icon   to create a new management fee table and select the following mandatory fields:

-  Finance Company - from the drop down list, select the appropriate finance company 
- Credit Rating Table  - from the drop down list, select the appropriate credit rating table ( NOTE : this is the secondary credit rating table) 
- Name - this is a name to define the management fee table



Click on the  button to create the new management fee table or click on the  button to return back to the List Management Fee Tables screen.


4. Once the table has been added, select it from the list on the List Management Fees Table screen:



5. Click on the Actions Panel  > Functions > Add New Management Fee:  




6. For each credit rating (from the secondary credit rating table), a management fee will need to be added against each rating. Repeat steps 5-6 to ensure that eatch rating has been added by clicking on the  button: 





7. After creating the Management Fee Table, follow the steps in this  article  to activate the table by adding it to Fees business rule. 

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