Background
Fee shall be divided into two groups
-
Fee can be accrued multiple times in any location ( waterfall or accrue action dates )
i.e: pool management fee..accrue every 10 day won't cause wrong due balance for a monthly paid fee.
-
Fee accrued by pre-defined dates and can't be accrue more than scheduled.
i.e : audit fee/ rating agency fee.. which occur at specific date but user can't accrued it manually.
Why it matters ?
It matters when there is new feature included "Auto Accrual". It will accrue all fees and bonds and others. If fees which shall be only accrued by dates , like rating agency fee, it should be exempted from such auto accrual action. Also such fee can't be accrued via actions in the waterfall .
Propose solution
When model expenses, fee shall be divided into two types:
- Auto accrued, these fee won't be affected by manual accrue action.
- Manual accrued in waterfall action
Background
Fee shall be divided into two groups
Fee can be accrued multiple times in any location ( waterfall or accrue action dates )
i.e: pool management fee..accrue every 10 day won't cause wrong due balance for a monthly paid fee.
Fee accrued by pre-defined dates and can't be accrue more than scheduled.
i.e : audit fee/ rating agency fee.. which occur at specific date but user can't accrued it manually.
Why it matters ?
It matters when there is new feature included "Auto Accrual". It will accrue all fees and bonds and others. If fees which shall be only accrued by dates , like rating agency fee, it should be exempted from such auto accrual action. Also such fee can't be accrued via actions in the waterfall .
Propose solution
When model expenses, fee shall be divided into two types: