How to enter Fees (one time and recurring)

Created by Erik Åkerlund, Modified on Wed, 08 Nov 2023 at 01:42 PM by Anna Norfjell

How to enter Fees (one time and recurring)


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 can be registered with "add deal" functionality. Below is a summary and some examples.

 

Fee connected to a loan

If a fee is connected to a loan registered in TS, such as upfront fee, 

  1. Open the loan 
  2. Click on icon add deal” and a new window comes up with all deal types.  
  3. Choose and click on deal type recurring fee” (in deal type group “fees and facilities”) and a new window with deal meny comes up. 
  4. Choose settings for onetime fee (prepaid) or recurring (recurring = the fee that will be debited repeatedly). Fill in all info and settings in all the tabs and then press “save”.
  5. “Confirm” the deal. After “confirm” TS will add “one time fee” (if prepaid) or “recurring fee” (if recurring) to the deal id in the deal meny. 

 

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. Transactions for each fee will be shown in the deal meny for the fee under the tab transactions. 

 

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Fee not connected to another deal

  1. Choose widget for “New deal and choose deal type “recurring fees”. 
  2. New window with deal meny comes up. Enter legal entity and counterparty (mandatory fields), currency and amount.  
  3. If the fee is recurring tick box “is recurring” and if one time fee tick box “is prepaid”
  4. Fill in the dates. If recurring fee - add date for first payment roll date and payment period. Deal date refers to date when the deal was agreed or contract signed.
  5. Fill in information in all the tabs and then click “save” to generate transactions.
  6. Confirm to get deal id.

 

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