How to enter Fees (one time and recurring)

Created by Erik Akerlund, Modified on Mon, 20 Feb 2023 at 02:29 PM by Erik Akerlund

All types of one time fees and recurring fees with fixed amounts can be entered e.g.  agency fee, upfront fee, administration fee or internal fees. 

Fee connected to a loan

If a fee is connected to a loan, such as upfront fee, 

  1. Open the loan 
  2. click on icon add deal 
  3. choose deal type recurring fee

Note, the fee will get the same deal ID as the loan and both deal parts will get the same deal status e.g. when confirming the deal you will confirm both the loan and the fee. 

Fee not connected to another deal

If the fee is not connected to another deal

  1. New deal / recurring fees 
  2. Enter legal entity and counterparty (mandatory fields) 
  3. Select currency and amount
  4. If the fee is recurring check recurring
  5. Deal date when the deal was made or contract signed
  6. Enter Value date - maturity date. Enter from and to date for which the fee should be amortized 
  7. Date setting enter information on how the recurring interest should be calculated and paid.
  8. Click save to generate the fee transactions. 

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