calculo User Manual
Contents
1. Actions em i valid from valid to a Share class a Asset class amp Depositary P Product GP Tier lt P Volume Tier currency Percent Mgmt Fee Dist Fee BP Absolute ez Aktienfonds 60 000 KE Bond 40 000 3 30 000 Fact Settlement TRX Asset Traceability Account Profile Contract Attachment Address Bank Setting Asset confirmation Figure 17 Tab Profile for Partner Address Tab In this tab the Partner s address data is recorded and maintained If necessary multiple addresses can also be recorded and used appropriately in generating customer letters reports or e mails Bank Tab In this tab the bank details are recorded and maintained for the payment of Product or Partner Fees For each Partner or Product multiple bank account details can be captured as required The payment execution will be managed in accordance with the stored Settings After calculation of the settlement the billing related information such as Beneficiary IBAN SWIFT etc can be passed to another system which then triggers the payment Settings Tab This tab has the same structure as a ruleset see Section 5 1 The appearance of the details pane will depend on the settings made for your company during the installation of calculo It also has the same properties as a ruleset and plays an important role for the calculation and payment of fees Example settings include bank details for use w2. qualified first check Second check approved not qualified rejected SETTLEMENT Figure 32 Tasks states Qualified After Calculate The Calculation was performed and all configured Qualifications were successfully carried out Not After Calculate The calculation was carried out but one or qualified more Qualifications encountered problems resulting in either a warning or a blocking of the process 07 04 2014 SWT Calculo User Manual final 3 11 EN 31 44 Status 1 When during process First After First Check The settlement has been tested according to checked a defined process by an authorized user and is ready for further processing Parked After First Check The settlement process was aborted the settlement remains in this state Second After Second Check The settlement has been tested according to checked a defined process by an authorized user and is ready for further processing Approved After Approval The settlement has been tested according to a defined process by an authorized user and is ready for further processing Released After Release Payment The settlement can be forwarded to the financial accounting system if available Depending on the system set up this state is held until a message is received that the payment has been triggered advised the confirmation of the effective payment After Release Payment This is the final
3. Hl Caper o1 partner 9 Advanced search Place Partner category With History _ Deleted Search Figure 4 Advanced Search in the Explorer View Component 07 04 2014 SWT Calculo User Manual final 3 11 EN 11 41 3 2 Quick access to data Navigation Using the arrow icons the user can navigate back and forth through previously accessed views within the View component and the detail section ym demo calculo File Help S ES A Explorer 02 Partner Ki Depositary pP Base Se EE Browser Advanced search Key figure His E th A t ig EI GJ Asset manager PE Ef Depositary Explorer i Beispiel Depotbank 123 Network Figure 5 Navigation with arrow icon button Link Target Generally fields that contain a data list can be given a customer installation specific Link Target green arrow The arrow allows direct access to the detailed data of the selection or selected entries This makes jumping between different groups of data possible thus facilitating the access to various data within calculo Figure 6 Navigation with Link Target 3 3 Fields in the detail area White shaded fields In calculo there are some fields with a white background The data in these fields can be changed by the user filled with new information or specified via a predefined selection list Blue shaded fields The blue shaded fields are read only attributes that cannot be changed
4. 2 Navigation concept 2 1 calculo at a glance The calculo interface is divided into four main areas which are described in detail in this chapter e calculo components e View e Detail e Business Activity Monitor BAM calculo core applic gt In progress Waiting f Se e Business Activity Monitor BAM Figure 1 calculo user interface 2 2 calculo Components The calculo components are e Explorer e Reports e Tasks e Workflows e Rules These are related functions that can be individually assigned to user roles The user can be given access to one or more of the components listed above 07 04 2014 SWT Calculo User Manual final 3 11 EN 7 41 Explorer The user can access a variety of master data within this component For example e Partners e Products e Currencies e Portfolio e Customer accounts e System related data e etc Reports In this component you can generate calculo standard reports and customer specific reports The report functionality allows to execute predefined reports see Chapter 8 Tasks The tasks correspond to a model of the billing process see Chapter 6 Here proposed calculations are called up and settled in a step by step process Workflows This component contains all the workflows see Chapter 9 Workflows are groups of related activities such as imports export housekeeping etc Rules In this component the user creates the rules or conditions of the customer spe
5. 2 Asset Holdings or units in the desired time period 3 Addresses and bank details and Contracts with the partner 4 Settings on partners Ruleset 5 Import data such as NAV Product fees FX rates ISIN number etc Step 3 Creating the Profile As a last step the user enters a Profile for the Partner or Product Several profiles can be entered for each Partner Product Each profile is assigned to a specific process Valid start and end dates need to be defined in order to be able to do calculations The information on the Profile can be tailored to customer specifications The following Profile data is mandatory Administration Defines in whose name the settlement will be carried out Valid from to Defines the validity of the contract If a settlement will be valid indefinitely the field Valid to can be left empty Fee Type Here the user selects the Fee Type for settlement see Chapter 7 2 Frequency Sets the billing interval monthly quarterly semi annually or annually Ccy Defines the Profile currency Contract The Contract is the reference to the agreement between a partner or product and a beneficiary Important before a contract is assigned to a profile it must be already entered in two places the Contract tab of the partner product and in the Settings tab A new profile is entered via the context menu in the View of the Profile tab of the partner or the product In the profile the user c
6. 0000 65 0000 63 134 0195 64 0000 62 223 8572 65 0000 63 610 0081 64 0000 38 0000 9 658 7680 38 0000 9 619 3734 38 0000 9 700 5263 38 0000 Figure 7 Pivot table on the Tab Asset Holding The retrieved data can be exported to a file using the Export button If the data is needed for further steps such as double checking of calculated sums then it is advisable possible to save the Export to a CSV file 07 04 2014 SWT Calculo User Manual final 3 11 EN 13 41 Date from view mode Date to 21 795 0000 3 168 121 2000 36 795 0000 5 348 889 1500 36 795 0000 5 21 795 0000 3 168 121 2000 36 795 0000 5 348 889 1500 36 795 0000 5 3 Year 2012 Quarter 2 peti ann Ci D Prout originalportoio as D Wees Be volume Weg Volume FR0000994782 A OO Se 5345889 1500 EE M ee 5 348 889 1500 Figure 8 Export File The data can be displayed as a chart graph EAM Modified 30 08 2010 14 31 25 calculo Administrate a_i Sum 115 000 Average 9 583 3333 Cells 12 goog British virgin Islafids Advisory ZR QA 3 British Virgin Islafds Advisory ZR QA 4 40000 d 20000 April 2008 British Virgin Islands Advisory ZR Q43 25000 British Virgin Islands Advisory ZR QA 4 35000 Dezember 2007 Januar 2008 Februar 2008 Marz 2008 April 2008 Mai 2008 Figure 9 Export File 07 04 2014 SWT Calculo User Manual final 3 11 EN 14 41 Temporal Lists Data within a tab can
7. 1 Calculate 1 Calculate slave G 10 Payment workflow eo 2 Manual booking g 3 First check p d Second check 5 Release payment G 6 Clear payment 8 Cancellation ge 9 Settlement overview Tasks All GH Calculation Partner ao Calculation Product gy 1 Calculate 9I 1 Manual booking pF 2 First check pI 3 Second check BI 4 Approval yI 5 Release a 6 Cancellation Figure 33 Task Steps Partner and Product calculations 07 04 2014 SWT Calculo User Manual final 3 11 EN 33 41 7 Setup for the calculations 7 1 Representation of contracts in calculo The graph below shows how the different elements are linked in calculo and how this allows a contract to be represented in the system Der N Volume Buleset 7 Buleset 7 Condition Ruleset Fee type Calculation method VAT Fee name Profile Administration Frequency Currency Qualification d Figure 34 Contractual elements for setting up a Settlement 7 2 Fee Type The Fee Type defines whether a Partner or Product Settlement is required Some examples e A Trailer Fee is associated with Partner Settlements e Deposit Bank Fees are associated with Product Settlements In calculo the different kinds of charges are called Fee Types which can be user defined It is possible to configure the manner how you deal with bank holidays within calculations the interest rate standard Usanz or whether a
8. They can be individually configured and employed according to the needs of the customer The following diagram illustrates the standard process steps available in calculo using a Trailer Fee Out example Activities within calc steps Calculation steps Output Calculate gt fe a Delete Settlement States Park Accept not settled qualified first check paid S not qualified Reject rejected First Second A check T Check any user any user any user but different user than first user Export Calculat ACCRUAL Calculation steps Output lt lt Sooo a A RE Settlement States not settled qualified first check second check approved not qualified rejected Approval Release Export Any user but different user than any user different user 2nd check different user Calculate then first user than approval Another number of U EITEI Booking four eyes users any user any user principle SETTLEMENT A specific user RM Figure 28 Tasks process using the example of TF Out Within a task calculations can be called up via search criteria e g Value date until Partner type Administration or Settlement type 6 1 Content of the individual tasks Calculate Task This step is the initial task for a settlement It is used to find all the profiles eligible for calculation They are then displayed in the details
9. by the user All fields can be customized during set up so that they will either require a mandatory or optional user entry or be write protected 3 4 Types of Tabs In the detail area there are different types of tabs available to call up and process data Fact Tab For each record selected in View there is a Fact tab in the Detail Area that displays the basic information of the selected record 07 04 2014 SWT Calculo User Manual final 3 11 EN 12 41 Pivot Tables The presentation of data as a pivot table allows the user to list information in a matrix The columns to be displayed in the matrix are custom defined With the View Mode button the user can display the data in three different ways 1 Nested labelling of the Y axis 2 Freezes labelling on the Y axis 3 Like 2 but during scrolling the whole line including the title row is shifted The displayed data can be sorted filtered or aggregated Distributor Modified 26 07 2012 15 20 33 Administrator Date from 01 12 2009 g Dateto 27 07 2013 YORI UST FOIE raS m V i arn a en ee Keelt nn ee 3 538 1130 244 0000 3 498 5771 247 0000 3 564 7881 246 0000 2 466 7843 150 0000 2 452 8578 151 0000 2 485 3822 151 0000 81 0000 13 511 9865 80 0000 13 264 9142 81 0000 13 543 1680 80 0000 524 0000 6 276 0348 519 0000 6 190 7955 525 0000 6 315 1972 522 0000 96 0000 166 1500 95 0000 163 4304 96 0000 166 5334 95 0000 50 0000 456 9273 50 0000 457 3767 50 0000 460 3723 50
10. fee is subject to VAT This configuration can only be performed by a Super User B Condition Banking holiday behaviour Ignore banking holiday Daily accrual Li Usance 30 360 B Setting Check if calculation details belong to partner si Incentive is gross Multiple Administration within one Settlement VAT as of service provision time Lei Without VAT Lal B Default value Condition Ruleset Start point ws Condition Exclusion Ruleset Default value PNo exclusion outgoing Exclusion Ruleset Start point el Exclusion monthly assets Qualification Ruleset Default value Qualification Ruleset Start point 02 Module Qualification Volume Ruleset Qualification Default value volume Ruleset Qualification Start point Ch Yolume Figure 35 Settings in Fee Type 07 04 2014 SWT Calculo User Manual final 3 11 EN 34 41 7 3 Setting up a Settlement calculation The following chapter describes the necessary steps for setting up a Settlement calculation using the example of Trailer Fee outgoing Step 1 Setting up the conditions The following Rulesets need to be entered 1 Exclusion Ruleset see Chapter 5 1 1 2 Condition Ruleset see Chapter 5 1 2 3 Tier Step and volume Ruleset see Chapter 5 1 3 Step 2 Review of Master and Transaction data After the Rulesets have been entered the availability of the following Partner or Product data must be checked 1 Status of the Partner or Product active or inactive
11. gt sowatec smart solutions for finance calculo User Manual calculo smart fees management gt Author SWT Document Name SWT calculo User Manual docx Created on 23 12 2013 Version V1 1 Status Final Change log Version Date Author Content 0 1 06 05 2013 SWT Claudia Walter 0 2 21 06 2013 SWT Claudia Walter Incorporation feedback Marco Gamper 0 3 30 08 2013 SWT Claudia Walter Draft without review of Chapter 6 sent to AGI 0 4 16 09 2013 SWT Claudia Walter Incorporation Feedback Andreas H tt 1 0 20 11 2013 SWT Claudia Walter Incorporation last inputs Andreas H tt af 04 12 2013 SWT Claudia Walter Review English translation 07 04 2014 SWT Calculo User Manual final 3 11 EN 1 41 Disclaimer All technical information procedures and practices in this publication have been developed by Sowatec AG with the utmost care and using effective control mechanisms However errors cannot be entirely excluded Therefore Sowatec AG cannot offer any guarantees nor assume legal liability for any consequences resulting from errors or omissions Sowatec AG will of course be grateful for notification of possible mistakes Sowatec AG expressly mentions that all software names hardware names and brand names used in this publication are the properties of the respective companies and are protected by the applicable brand trademark or patent laws Copyright Copyright 2008 2013 Sowatec AG Switzerland This publication incl
12. pane Eligible for calculation means e The partner is active e The profile is valid e The calculation has not yet been done 07 04 2014 SWT Calculo User Manual final 3 11 EN 27 41 H Calculate 1 Yaluta until 30 06 2012 7 iy Administration Di Settlement type Settlement D Relationship Manager Area Ki Partner type distributor g Relationship Manager Cf Fee type Iv Partner a Musterkunde B Kunde B E l Q Kl Forward Partner no A Name Valuta al Resigned date GC Partner type as Network l bi Relationship Kunde B Musterkunde B 30 06 2012 Distributor U18414 Proval Alfons Peter Kunde B Musterkunde B 31 05 2012 Distributor U18414 Proval Alfons Peter Trager fee outgoing TNE monthly EUR Trager Fee outgoing TNE monthly CHF Kunde B Musterkunde B 30 04 2012 Distributor U18414 Proval Alfons Peter Kunde B Musterkunde B 31 03 2012 Distributor U18414 Proval Alfons Peter Kunde B Musterkunde B 29 02 2012 Distributor U18414 Proval Alfons Peter Kunde B Musterkunde B 31 01 2012 Distributor U18414 Proval Alfons Peter Deselect all Select a Settlement Report Apply Figure 29 Tasks Calculate Mask 1 Refresh The selection is updated based on the selected Search Criteria 2 Deselect all Select all The found profiles can be further processed individually or together Within this task the following activity is possible e Use the Apply Button to start the
13. way that they are generated directly within the billing process For example the credit note to a customer These reports are generated as DOT documents in the BAM e From the report engine In the Reports component all available reports can be generated using the report specific filter criteria and parameters The results are generated as xls or pdf documents in BAM 07 04 2014 SWT Calculo User Manual final 3 11 EN 38 41 gt 9 Data Exchange Workflows In calculo the user has the ability to import or export transaction and master data Activities for the exchange of data are found in the Workflow Component These can then be performed automatically at defined times or manually Workflow Montag 23 Dezember Previous Appointment C SAP export B Filter SAP Location France Germany United Kingdom Copy and rename workflow files Start as user g Log Level Execute Description Fact Execution Log Usage Figure 38 Component Workflow The Fact Tab includes the following information e Scheduler A Workflow can be performed at intervals defined by the customer It is also possible to set filter criteria which changes the output accordingly e The log level settings can be selected as required The higher the log level is set the more information is stored in the log files Higher log levels result in correspondingly longer execution
14. 0000 12377 2000 12 377 70 22 000000 0 07 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier VV Z rcher Oberland Yolume Total Yolume entitled Tier c 12 04 2011 105 0000 12 741 7500 12 741 75 22 000000 0 08 To Asset volume 50000000 0 Percent Mgmt Fee 10 0 Tier V V Z rcher Oberland Yolume Total Yolume entitled Tier c 11 04 2011 105 0000 12 741 7500 12 741 75 22 000000 0 08 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier V Z rcher Oberland Yolume Total volume entitled Tier c 14 04 2011 104 0000 12 620 4000 12 620 40 22 000000 0 08 To Asset volume 50000000 0 Percent Mgmt Fee 10 0 Tier V Z rcher Oberland Yolume Total volume entitled Tier c 13 04 2011 103 0000 12 499 0500 12 499 05 22 000000 0 08 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier VV Z rcher Oberland Yolume Total Volume entitled Tier c Figure 20 Detail View in the Traceability To review calculations the user needs to enter the period From To and the settlement type Then the button can be used to call up all the corresponding partner profiles that were settled within the selected period Explanation of the contents of the Traceability Tabs 30 LU0348798009 Az RCM Thail A EUR 30 7090 372 370000 1 000000 11 435 11 8 85 000000 BP Absolute 85 0 Entitled true 30 DE0008475005 Concentra A 827 3010 59 290000 1 000000 49 050 68 85 000000 BP Absolute 85 0 Entited true 30 DE0008475062 Az Verm g DA 4
15. 72 1030 105 020000 1 000000 49 580 26 85 000000 BP Absolute 85 0 Entitled true BP Absolute 85 0 A Entited true BP Absolute 85 0 Entitled true BP Absolute 85 0 A Entited true BP Absolute 85 0 Entitled true BP Absolute 85 0 A Entited true 31 05 2012 30 LU0348798009 Az RCM Thail A EUR 30 5120 366 800000 1 000000 11 191 80 85 000000 31 05 2012 30 1E0004874099 AZ ChinaFu A EUR 459 7550 15 310000 1 000000 7038 85 A 85 000000 30 04 2012 30 1E0004874099 AZ ChinaFu A EUR 455 3130 15 990000 1 000000 7280 45 85 000000 30 04 2012 30 DE0008475005 Concentra A 827 3010 64 450000 1 000000 53319 55 85 000000 30 06 2012 30 1E0004874099 AZ ChinaFu A EUR 464 5810 15 390000 1 000000 7149 90 e 85 000000 KKKKKKRKRK 07 04 2014 SWT Calculo User Manual final 3 11 EN 21 41 e Transaction point Time of settlement e Weight Identifies the interest rate standard e Product ISIN and product name e Quantity Quantity of the product e NAV Price of the product e FX rate Conversion factor for foreign currency e Base foreign Volume for the fee to be calculated in the profile currency billing currency e Gross foreign Calculated fee in the profile currency as defined in Base Foreign e Effective basis points for the calculation of Gross foreign e Entitled Indicates whether or not this product has not been taken into account for the calculation e Condition rule Shows what conditions were applied for the c
16. It consists of the Fact Tab which in turn contains data fields attributes Within the detail area there may be other tabs with detailed views that can be applied individually to customer specifications 2 5 Business Activity Monitor BAM In the Business Activity Monitor BAM all activities are displayed e g workflows reports calculations importing exporting etc An activity can be in three states e in progress e waiting e finished The BAM is composed of the following information Status Icon The green dot indicates the error free completion of the technical process of an activity This does not imply anything about the commercial content or the output of the activity If the activity cannot be completed correctly it is marked with a red dot Time This shows the time when the activity was completed Message The name of the activity performed is shown here Status In the BAM the following statuses are output from activities e running started and running e completed correct technical completion e abort manually cancelled by user e error technical problems or faulty system behaviour encountered during processing The user can intervene manually with a mouse right click this interrupts an activity and the BAM entry can then be deleted Originator Name of the user who has started the activity Documents 07 04 2014 SWT Calculo User Manual final 3 11 EN 9 41 The results of the activity in the fo
17. S EE 24 5 1 2 Condon RIIS dE 24 5 1 3 Ter eop o ET aa a A A E N EEEE AE A EEA EEA 25 5 1 4 VOE E 25 5 2 Se Duden n de ee A AEE 26 G Partner Settlement procesS ooceeeccecccccccscccccccccceccceeeecosossccccccceceeecceesscossscccccccceeeceeesesssssscscccccceeescceee 27 6 1 Content of the individual TASKS sisaria rnana aa E E 27 6 2 CHEN ECKE TEE 31 6 3 SPECIFICS about Product Settlements cc ccsessesessesesessesesesscsesesseseseesesescssesessesesessssesessssesesssseseeseseaeeseaeees 32 7 Setup TOF TR NN UE dE 34 07 04 2014 SWT Calculo User Manual final 3 11 EN 3 41 7 1 7 2 7 3 8 Reports 9 Data Exchange Workflows 10 Glossary amp Acronyms 07 04 2014 Representation of contracts in calculo Fee Type Setting up a Settlement calculation SWT Calculo User Manual final 3 11 EN 41 41 List of Figures Wie HIE el 0 om iota e e Ce 7 Figure calculo E 8 Figure 3 Search field in the View COMPONENL NEEN 11 Figure 4 Advanced Search in the Explorer View Component EE 11 Figure 5 Navigation with arrow icon button 12 Figure 6 Navigation with Link Target seesesssssesesssersssssterssstersssteesssressssteesssteessstersssteesssteeossstesssstesssserossseesssseeossseesssseeesssees 12 Figure 7 Pivot table on the Tab Asset Holding une 13 Fure S EDO IN aee anA AE E E E EA 14 FHS 5 EPON EE 14 Figure 10 Temporal List Currency EEN 15 Fig re 1L Tab Ee 15 Figure 12 Field with Audit Fu
18. act Type Currency has the attributes Name ISO Exchange Rate Assets under Management Business Rules Management Software for rule based fees management External Asset Management Management Information System Net Asset Value Regular settlement of fees with a Partner or Product SWT Calculo User Manual final 3 11 EN 41 41
19. alculation e Tier volume e Tier rule Shows the conditions related to the tier volume e Exclusion rule Shows the criteria for whether and why this product was included in the calculation 07 04 2014 SWT Calculo User Manual final 3 11 EN 22 41 gt 5 Rules In this chapter the concept of Rules are discussed in order to convey to the user the meaning handling and use of the various Rulesets The Rules are the elements that represent a contract and that are linked to the profile see Chapter 7 1 They are therefore an essential element for the calculation of fees in calculo The most common rulesets are represented as decision tables and the user can establish or change them in the View or the Details section see Chapter 3 4 Rule set Modified 23 05 2011 13 36 36 Andreas HOH Key figures History Name Ruleset Sa Export m Conditions Actions a Asset class i Product S Segment Depot GP Tier lt P Volume Tier currency Percent Mgmt Fee Flat BP Absolute Flat 1 65 2 54 Save Cancel Figure 21 Ruleset handling Q Add Create a new line Q Delete a row CH Duplicate a row Ordering of rows relevant for the Fire First method A rule consists of two parts a condition part and an action part Conditions Actions ZA Depositary Za Asset class a Share class cc l ZA Provider E Product cp Tier GP volume ea Tier currency Percent Mgmt Fee Flat BP Absolute Flat 1 1 000 Figure 22 Ruleset In
20. also be represented as temporal lists to show the data changes over time This can be used for example to establish a link between various master data at a specific time A temporal list can be used to see data from a record at any time in the past In the graph below the temporal list of the currency exchange rate is shown CHF EUR Currency Modified 01 01 2000 00 00 00 System Key figure History 17 12 2012 0 827712 14 12 2012 1 208350 13 12 2012 1 208500 12 12 2012 1 211450 11 12 2012 1 212201 10 12 2012 1 206650 07 12 2012 1 207999 06 12 2012 1 209450 05 12 2012 1 211949 04 12 2012 1 211949 03 12 2012 1 208651 30 11 2012 1 204901 29 11 2012 1 204000 28 11 2012 1 203400 27 11 2012 1 204451 26 11 2012 1 203950 23 11 2012 1 204700 15 11 2012 1 204050 kJ Figure 10 Temporal List Currency 3 5 Audit amp History History Tab calculo offers the possibility to log all data changes The log data can be viewed in the History tab in the details pane and can be customised at the data type level For example one can define that all fields within the Partner Tabs should be historized The history logs the name of the user and the time of access and what data was added or deleted In calculo historized data can be evaluated as a customer specific report History Acton Name Figure 11 Tab History 07 04 2014 SWT Calculo User Manual final 3 11 EN 15 41 Audit The assi
21. an fill the corresponding columns with information This data can either be selected or entered manually depending on the column type 07 04 2014 SWT Calculo User Manual final 3 11 EN 35 41 d Allocation of the Condition and Exclusion Rulesets to the Profile completes the setup of a calculation Ki Vy dp Ge rman H 0 1 0 1 1 9 9 9 M ana g emen t F ce PStandard fee ho exclusion outgoing Qualification Ruleset Volume Ruleset Qualification B Limit Maximum payment amount Minimum payment amount Validity mininum maximum Figure 36 Profile Tab Mask 07 04 2014 SWT Calculo User Manual final 3 11 EN 36 41 gt 8 Reports calculo has a number of standard reports e All Rights e Audit e History e Not anonymized attributes e Report List e Role rights e User roles e User roles mandate e User signatures e User signatures mandate e User trail e Contract e Partners e Product e Relationship manager login e Unused combination Partner Settlement e Asset holding e Asset holding compare e Asset holding Entitled e Asset holding quota e Asset holding summary e Asset holding depositary summary e Asset Holding User report e Asset holding year e Asset holding net inflow e Assigned conditions e Contract profiles e Control accrual e Partners conditions e Partners conditions Excel e Partners conditions shortlist e Partners conditions shortlist Excel e Partners conditions to template e Partners thres
22. artner is any settlement partner This includes both those who receive a fee Trailer Fee Out and to those who pay a fee i e Trailer Fee in Definition Product In calculo a Product is a financial instrument for which assets are held Products can either be used as the basis for billing a Partner Trailer Fee Out In Trailer Fee or the Product itself can be settled Product accounting Asset Holdings The tab Asset Holding contains information about what assets were present at what times In the Asset Holdings besides displaying the product and the number held the volume can also be displayed The product volume is always shown in the system currency To conduct a product based settlement calculation AuMs asset under management have to exist The tab AuM contains the information about when the assets are held Show Jl Date from 01 01 2008 J View mode Date to 31 01 2013 Ki reer er rer rere rer eer EEE EE EE EE EE EE EE RER E ER EE EE 64 389 1430 108 7240 108 7240 108 7240 89 2010 89 2010 89 2010 Figure 16 Pivot table on Tab Asset Holding 4 1 Requirements for a Partner or Product Settlement calculation The basic data needed for fee calculations are module dependent and are shown within the fact types Partner Product in one or more tabs as pivot tables The most important basic data are de
23. calculation and advance to the next processing stage Task Clear Payment This step is the initial task for a credit based Trailer Fee In Partner Settlement payment based The prerequisite is a fully processed Accrual calculation 1 2 Doc No Booking date 06 06 2013 F J _ Last payment part M Suppress bank account for SAP New J Cancel J Save Partner Administration Doc No Booking date Valuta date Settlement amount Lastsettiement Last settle Accrual amount Accrual d Booking amount Step 3 Figure 30 Tasks Clear Payment Mask Doc No User entry e g the invoice number In this area all accrual calculations that are ready to be settled will be listed Delete calculations that are saved but not processed further can be deleted Charge selected payments All selected calculations are further processed go eS e 07 04 2014 SWT Calculo User Manual final 3 11 EN 28 41 First Check Task The calculation will be routed to the First Check Task Here all the settlements calculated are shown In this task the validation results Qualifications are listed These can be custom defined If validation checks Qualifications hit problems then alerts are generated There are two types of alert Soft block orange text These messages can be overridden by accepting the affected settlement calculation The settlement can be processed further The settlem
24. cific fee models The conditions are fundamental to the fee calculations and representation of the business contract The topic of rules is discussed in detail in Chapter 5 2 3 View The view consists of a drop down menu and a browser and provides quick clear access to all kinds of information The drop down selections can be individually assigned to specific user roles Explorer 02 Partner KW Explorer 02 Partner Kd Browser 01 Product i Browser Advanced search 02 Partner h t BI Ass 03 Master data aw Asset manager Det 04 Lookup data BO Depositary B aa 05 Category a Beispiel Depotbank 123 D Ear 10 Partner Newly created i beg Clearstream Frankfurt 1122 ak 11 Product Newly created i oi CH Fi i Fondsdepotbank 1121 EH Fint 99 Product grouped by umbrella l l Insl 99 QA Data GA Swiss Depositary 4G 101 in Reconciliation B03 Distributor Risk Frontend GZ Eam Lig System System data GO Finder ad Provider gO Institutional Clients Ze SLA Si J Provider ON LG SLA Figure 2 calculo View Example 07 04 2014 SWT Calculo User Manual final 3 11 EN 8 41 On selection of Partner see A the browser displays all the partners by partner type see B The browser works a bit like Windows Explorer you can access the data by opening and closing the folder structures see C 2 4 Detail The detail area contains more detailed information on the selected data
25. ed layout When a user with the appropriate authorization opens the context menu in the detail area he can use the option Customize Layout to change the details of the current layout Fields can be shown or hidden Furthermore columns place holders fields and dividing lines can be adjusted as required Using the right mouse button the user has the ability to sort column contents or set the optimal column width in tables Drag Items to the PivotGrid Add To Row Area Figure 15 Field list mask on Pivot Table 3 7 Layout adjustments In calculo the view or the layout of the GUI can be adjusted These adjustments can be made only by users with the appropriate authorization Layout changes affect all users The following tab views can be customized Pivot Table View Attributes of the data presented can be added here It is possible to define multiple layouts for Pivot tables The user can then switch between different layouts 07 04 2014 SWT Calculo User Manual final 3 11 EN 17 41 gt 4 Partners and Product In this chapter we discuss master data and information that must be available at the Partner and Product level Firstly these data are necessary for a Partner or Product settlement calculation to be carried out at all Secondly they serve to provide the user with a means of visually verifying fees that have already been settled Definition Partners In calculo a P
26. ent has the status qualified Hard block red text These messages cannot be overridden and the billing process is blocked e g missing bank data or addresses The settlement has the status not qualified and the user is forced to provide the missing information and delete the calculation After providing the missing master data the process can be restarted via the Calculate or Clear Payment Tasks Within this task the following activities are available e Button Accept The settlement is further processed e Button Delete Settlement will be deleted e Button Park The billing process is stopped and cannot be continued Second Check Task In this task the Settlement should be approved via the four eyes principle if activated The user who originally started the Settlement must submit it to a second check by someone else Within this task the following activities are available e Button Accept The settlement is further processed e Button Reject The settlement will be returned to the task First Check stage Approval Task This is also an examination step which requires that the calculation be checked and further processed by a third party Within this task the following activities are available e Button Accept The settlement is further processed e Button Reject The settlement will be returned to the task First Check stage Release Task This step releases the calculation results It could n
27. ersal o Deleted Settlements Deleted o Old Accruals This allows a later reconstruction of the accrual dates used for the data export 3 Information can be aggregated or displayed extensively In the aggregate view the individual values are summed up and the total is displayed Traceability Tab In this view the user can trace the details of calculations performed in the past Distributor Modified 26 07 2012 15 20 33 Administrator E From 30 12 2006 J To H dzee only export Settlement Trailer fee outgoing daily quarterly 01 04 2011 103 0000 12 499 0500 12 499 05 22 000000 0 08 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier VV Z rcher Oberland Volume Total Yolume entitled Tier c 04 04 2011 100 0000 12 135 0000 12 135 00 22 000000 0 07 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier V Z rcher Oberland Yolume Total Yolume entitled Tier c 05 04 2011 102 0000 12 377 7000 12 377 70 22 000000 0 07 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier VV Z rcher Oberland Yolume Total Yolume entitled Tier c 06 04 2011 104 0000 12 620 4000 12 620 40 22 000000 0 08 To Asset Yolume S0000000 0 Percent Mgmt Fee 10 0 Tier YY Z rcher Oberland Yolume Total volume entitled Tier c 08 04 2011 104 0000 12 620 4000 12 620 40 22 000000 0 08 To Asset Yolume 50000000 0 Percent Mgmt Fee 10 0 Tier VV Z rcher Oberland Volume Total Yolume entitled Tier c 07 04 2011 102
28. gnment of the audit function is custom defined at the field level Fields with audit functions set are prefixed with a paragraph BT symbol in front of the field name Name Name 125000000048294 Figure 12 Field with Audit Function enabled Once the contents of a field are to be modified and saved the Audit window appears Here the user must specify a reason for the change and optionally provide identification and a reference In the reference field it is possible to store the path to a document which is relevant for the change Audit information required 3 The current fact has been modifed Do you want to save the changes Reference Figure 13 Input mask for Audit field Audit related changes are highlighted in orange in the History Tab Distributor Key figure History Action Name Modification date User 31 05 2013 11 28 52 calculo Administrator Modification 14324 Name 125000000038117 105690 Partner 07 01 2013 11 46 19 ModificationUser 125000000038117 Attributes Origin Modification Figure 14 History with Audit relevant modifications 3 6 Context Menu commands Data can be edited using the context menu right mouse button The following commands can be executed depending on whether the user is in the View or Detail Area e View and Detail Area e View only o New o Refresh o Copy o Delete 07 04 2014 SWT Calculo User Manual final 3 11 EN 16 41 Detail
29. hen a payment is to be made or so called Partner Qualifications for example definition of a minimum payment amount or a minimum volume which must be present for a payment to be made 07 04 2014 SWT Calculo User Manual final 3 11 EN 19 41 Condition Bank Sowatec AG Vu Z rcher Oberland 4G 0002 Settlement undefined 0001 Accrual undefined Figure 18 Tab Settings on Partner 4 2 Information on completed Settlements Settlement Calculation Tab Via the Settlement Tab the user can see the dates and times when Partner settlements were carried out Product Settlement information is visible via the Calculation Tab The status of the settlement calculations and the calculated amount will be displayed A distinction is also made between Settlement and Accrual calculations The information will be displayed in accordance with the configuration defined during installation of calculo for your company Distributor Modified 26 07 2012 15 20 33 Administrator Date from 01 12 2009 kd Dateto 27 07 2013 Show Lati __Export_ View mode 6 500 00 1 827 98 11 631 71 8 327 98 11 631 71 0 000 00 10 000 00 14 827 98 31 631 71 Figure 19 Pivot Table on Settlement 07 04 2014 SWT Calculo User Manual final 3 11 EN 20 41 Notes on the contents of the Settlement Tabs 1 Settlements marked with are cancellations or reversals 2 Information that is not required can be hidden o Cancelled Settlements Rev
30. hold watchlist e Trailer fairy dependent rules e Trailer fairy reminder list 07 04 2014 SWT Calculo User Manual final 3 11 EN 37 41 Product Billing e Contract products e Product condition Using the Report Designer reports can also be custom defined and implemented in a very flexible manner Report Modified 14 12 2009 18 47 59 ModificationUser 11388136 Key figure Detail Facts Lookup Facts Name Asset holding i i Default Language o German Germany Vi Folder Master data F Report Type list wl lt RP_ProductAssetHolding ud Activity folder Report activities Ki System report activity com sowatec calculo report AssetHoldingReportActivity E Suppress empty report E B el Language 0 0 0 Lal a Layout Object ReportLayout 0 0 1 m OH Reset Page count Boolean 0 0 2 a a Output Format String 20 0 3 LJ al ReportOutputFormat Administration Object Administration 0 0 4 jl ET Partner Type Object HJPartnerType 0 0 5 CH jl Partner Object Partner 0 0 6 FT Report Currency Object currency 0 0 7 ET Ww 0 1 8 iv Month Date i Figure 37 Report Designer Component A report can be executed in several ways e Direct Print Reports from the pivot table A right mouse click selects the report and generates a pdf document in the BAM e From the Tasks Steps Reports can be set up in that
31. l be included or excluded in the calculation of fees Entitled Rule set Modified 20 05 2011 08 53 06 Administrator Key Figures History Name Euroclear exclusion Export Conditions Actions Valid to a Asset class a Share Class 2 Provider 2 Depositary sf Product Account no Entitled 1 Euroclear FundSettle 502 kd 2 ix Figure 23 Exclusion Ruleset 5 1 2 Condition Ruleset The contractually agreed terms are defined in the Condition Ruleset In the settlement process each asset holding is processed in accordance with this Ruleset If the conditions are met then the fees will be applied e a ZA Depositary a Asset class a Share class gy CC ZA Provider W Product P Tier ep volume i Tier currency Percent Mgmt Fee Flat BP Absolute Flat KT Figure 24 Condition Ruleset 07 04 2014 SWT Calculo User Manual final 3 11 EN 24 41 gt For the Actions the following options for representing the conditions are frequently used e Absolute basis points bps e ofa fee usually a management fee e Tier Steps Here the following selections are mandatory o the necessary Tier Step o the volume calculation with which the Tier allocation is verified o the currency in which the volume is to be calculated e Mixed form If a Tier Step is entered as well as a fee and or a fixed BP the results are cumulative 5 1 3Tier Step Ruleset Frequently fees and commissions are volume depende
32. le Ee BEE 36 Figure 37 ee nr Lef Gelee En resiccasseiesascccivscasuiviciediceardeeittuciecddienia anata cabaitactsediieriadiieiatiiaien Getedotctueens 38 Wiele Le amneercmeerreremee ter meee terete ever tetova eet tment Mercere ver aver vert me event very aera ae ere are 39 UCTS Fe Tab Execution Log E 40 07 04 2014 SWT Calculo User Manual final 3 11 EN 5 41 gt 1 Introduction 1 1 What is calculo calculo is Sowatec s business solution for managing fees The solution integrates seamlessly into existing IT infrastructures and automates time consuming accounting processes Thanks to the strict separation of the programme code from business rules a high level of flexibility is achieved Thus changes to business rules can be quickly and easily implemented by simply adjusting the appropriate fee models in calculo 1 2 Target group of the user manual This user manual is aimed at the business user and should enable them to perform the following tasks or activities in calculo e Manage master data and transaction data e Calculate fees e Generate reports This document does not cover configuring calculo e g creating new types of fee templates creating new types of reports making structural changes in the GUI etc For more detailed information on those topics please refer to the calculo Application Managers Handbook which covers the topic of configuring calculo 07 04 2014 SWT Calculo User Manual final 3 11 EN 6 41 gt
33. n charged against new amounts due Manual Booking Task This step can be used independently of a regular settlement calculation for ad hoc payments or be integrated into a future settlement calculation Settlement Comment A comment can be added in the tasks First Check Second Check and or Approval The comment can be for internal audit purposes or for external communications A settlement comment can also be recorded directly at Partner level The internal comment forms an immutable part of the audit trail while the external comment can be changed any time One can configure the inclusion of the external comment in printed customer documentation 07 04 2014 SWT Calculo User Manual final 3 11 EN 30 41 AGIP 240 100415 Internal comment s 2013 04 26 10 49 02 calculo Administrator Partner 100415 AGIP 240 has no Bank definition found 2013 03 08 09 21 08 calculo Administrator Die Portfolios haben keine Asset Hol Die folgenden dings zugewiesen Partner 100415 AGIP 240 hat keine Bank gefunden Figure 31 Settlement Comment 6 2 States within a Settlement The status of a settlement changes after each processing step Calculation steps _ Settlement States not settled qualified first check not qualified rejected Second Check ACCRUAL Calculation steps See E Settlement States not settled
34. nction enabled ee 16 Figure 13 Input mask for Audit feld NENNEN 16 Figure 14 History with Audit relevant modifications ENEE 16 Figure 15 Field list mask on Pivot E 17 Figure 16 Pivot table on Tab Asset Holding ssessssscsssscsssscsssscessscessscsesscsssecussecsesscsesscsesecsesecsesecueseceesecuenecsenseseneeeees 18 Fig re I7 Tab Froe Teater 19 Mie VLC Tab Settings On nn EE 20 Figure 19 Pivot Table on Settlement xisiczcceisescaetnescactoneacaetcsebecetssedecutsvedecesseedaquscsedicesceeducssceeducsseneducusenedudescesdeaalceedenalinedeaabens 20 Figure 20 Detail View in the Traceability ee 21 Figure 21 R leset handling EE 23 Figure 22 RUIGSE EE 23 Figure 23 Exclusion RULES E 24 Figure 24 Condition Rules E 24 Fouro Ze Ee E 25 Figure 26 Volume RUIGSE sssri a aaa esas ec omaeeneare a esaeeeaatasor eee cereeeses aes 25 ie UE Ee RUE CU ccs ceca cece cee ences ese eae toca cetaceans eee ese iene eee eee 26 Figure 28 Tasks process using the example Of TE Out ENEE 27 ie UE ICA ITS E a E A AEE EEA E ecto ENEA E E EEEE E AEI AEAEE 28 Figure 30 Tasks Clear Payment MaSkK se eesesssssesssesssseeesseeesseessseresseresssresseresseressereoseresssresseresssressereessreesereessreessresssreessrees 28 Biet a Er E O E 31 6 0 E EE 31 Figure 33 Task Steps Partner and Product calculations ENEE 33 Figure 34 Contractual elements for setting up a Settlement NENNEN 34 Figure 35 Settings in Fee Ke 34 Figure 36 Profi
35. nt and are not based on a fixed BP or fee calculo has two volume dependent condition rules e In one case the entire volume is used for the fee calculation based on the Tier e In the second case the volume is split over a number of defined Steps with corresponding conditions resulting in a mixed calculation Conditions Actions gt Volume lt Volume DG Mgmt Fee BP Absolute l D 1 000 000 2 00 1 000 000 999 999 999 Figure 25 Tier Step Ruleset In the Tier case if the partner has a volume of EUR 5 million a management fee of 9 is applied to the entire volume In the Step case a 2 management fee is applied to the first EUR 1 million and then the remaining volume of EUR 4 million is charged at 9 5 1 4Volume Ruleset The Volume Ruleset is a mandatory component of the Tier and Step Rulesets described above It defines the volume which if applicable for the Tier or Step rules Rule set Modified 31 05 2011 11 45 01 Administrata Key figures History Name Volume Client 4 Export i e Conditions Actions Provider a Asset class 6G Product Depositary Distributor _ Account no Entitled Add Clearstream Frankfurt 1122 Client 4 CLOO1 m wii Fondsdepotbank 1121 Client 4 CLOO1 m wl Figure 26 Volume Ruleset 07 04 2014 SWT Calculo User Manual final 3 11 EN 25 41 5 2 Execution methods There are two methods Execution Strategies for the execution of rules Fire Firs
36. ow be used for the export to the financial accounting system which triggers the actual payment but it is also possible to generate the export via a separate workflow The system can be configured so that the calculo process ends here On the other hand it is also possible to require a confirmation of payment from the accounting system In this case the calculo process is not finished with this step The possible billing statuses are described in more detail in Section 6 3 07 04 2014 SWT Calculo User Manual final 3 11 EN 29 41 Within this task the following activities are available e Button Accept The settlement is further processed After this step the calculation cannot be deleted it must be cancelled reversed e Button Reject The settlement process will return to the task First Check Cancellation Task This task has two functions which depend on the status of the settlement that you want to cancel e As long as a statement is not in the released state it can be deleted in this step and re processed A deleted settlement will be proposed for calculations in the Calculate task Clear payment task again e Ifa settlement is in the state released payment advised or paid then calculo assumes that a cancellation will have an external impact Therefore the settlement cannot be deleted it must be cancelled reversed Such cancelled reversed settlements remain in the system until the next calculation and are usually the
37. rm of documents or log files can be displayed here Documents can be opened or saved via the context menu mouse right click or saved by means of Drag amp Drop 07 04 2014 SWT Calculo User Manual final 3 11 EN 10 41 gt 3 Handling of information in calculo This chapter describes how users can call up and manage information in calculo 3 1 Search functions Search The user can search for data or information via the Search field in the View component During configuration of calculo the attributes that can be searched in each component will have been defined The green arrows start the search or jump to the next previous result Figure 3 Search field in the View Component Advanced Search In the Explorer component an Advanced search function is available It allows the user to locate data or information quickly using additional attributes and it is also possible to search with wildcards The choice of attributes available for searching can be defined when calculo is installed for your company Unlike the Search function Advanced Search will only search within the specified attribute Example In the Explorer View Partner there are two search fields place and term The user has entered the attributes Partner category and 3 party distribution The result of this search is a list of all partners with Partner category 277 party distribution
38. scribed in detail below Profile Tab The individual contract elements are displayed in the Profile Tab Profiles can be defined at the Partner or Product level and form the basis of the calculation of fees via the definition of accounting periods conditions or settlement currency etc The details for defining the Profile for fee calculations will be explained in Chapter 7 07 04 2014 SWT Calculo User Manual final 3 11 EN 18 41 In the Profile Tab the user can display the linked rulesets using the button to open a sub window Distributor Modified 26 07 2012 15 20 33 Administrator Key figure mem mu bw Administration a Valid From Valid to Accrual Settlement 8 Fee type gt Frequency 150 _S Contract D SWT Switzerland 01 01 2012 26 07 2012 g SWT Switzerland 01 01 2011 09 08 2012 LJ m Trailer fee outgoing daily quarterly CHF SWT Switzerland 01 01 2007 30 06 2007 LJ wl Trailer Fee outgoing monthly CHF TA4321 Ki Trailer fee incoming g l vi Condition Condition Ruleset amp P Bank Sowatec Exclusion Ruleset amp Exclusion _CRPTest Payment based LJ Products in profile currency only _ Qualification Ruleset volume Ruleset Qualification P JP Morgan Total Yolume B Limit Maximum payment amount Minimum payment amount Validity mininum maximum B Statement Proforma Invoice LJ Bank Sowatec a x CA emm em mp Conditions e em emm l pm
39. status of a settlement in depending on the set up it calculo follows the states Released or Payment Advised Rejected Can appear after any step The settlement has been tested and rejected when a check is performed by the user Deleted After any step This status can only be applied by an administrator user via the State Change function As this task only takes place if a settlement cannot be further processed due to technical reasons the deletion will be kept in the history for audit reasons 6 3 Specifics about Product Settlements The settlement set up described above is based on a partner billing scenario As already explained these are fees that need to be settled with a partner Product settlements involve the calculation of fees that are charged to a specific product The calculation methods used for product calculations are basically the same as those for partner settlements Defining Rulesets Profiles and Fee Types etc works the same way as with Partner Settlements Using calculo is basically the same whether a partner or a product accounting is being performed For this reason and to avoid redundancies this manual will not discuss the product billing process in further detail However we can at this point say that standard product calculations involve less Task Steps than partner calculations 07 04 2014 SWT Calculo User Manual final 3 11 EN 32 41 Tasks All vd Bl Calculation Partner 99
40. t method With the Fire First approach the first condition that is met will trigger the appropriate action Subsequently no further conditions will be tested and no further actions taken The rules lines have a corresponding numbering The order of the rules in the ruleset is important for the execution This approach also allows the definition and use of exclusions For technical reasons a maximum of 200 rules can be entered Conditions Actions amp Deposit yassetcl Za Share cl amp ccv Q Provi S Product 8 Tier 8 volume Tier curre Percent Mgmt Fee BP Absolute Flat Aktienfonds EuroInvest Aktien Tier EuroInvest Aktien Volume EUR 2 Rentenfonds EuroInvest Renten Tier EuroInvest Renten Yolume EUR 3 Mischfonds EuroInvest Mischfonds EuroInvest Mischonfds Vol EUR Figure 27 First Fire Ruleset DI Fire All method The Fire All approach fires all the rules as soon as one of the conditions is met Accordingly there is no numbering of the rules 07 04 2014 SWT Calculo User Manual final 3 11 EN 26 41 G 6 Partner Settlement process In this chapter the individual components of the Tasks Component of a settlement are described The user can review calculations calculate verify modify settle delete or cancel The set up described in Chapter 7 is a requirement for calculations to be performed The possible process steps are always the same irrespective of the fees model
41. the condition part Conditions the user can define attributes such as product numbers or classes of products If the condition is met the defined action Actions is triggered Per Ruleset the definition is made of what attributes pertain to the Conditions and which are relevant for the Actions Some actions can only be set to have a Boolean value Yes No Not set For example a flag indicating whether the product is open or closed Flag is set gt Yes No Such attributes can also be used in the Conditions there are three options here 07 04 2014 SWT Calculo User Manual final 3 11 EN 23 41 vy Set If the attribute is selected in the Conditions then the attribute should be included in the calculation Lal Not set If the attribute is not selected in the Conditions then the attribute should not be included in the calculation m Ignore this flag set within Conditions means the attribute should be ignored i e the calculation behaves as if the attribute did not exist at all This flag is not applicable in Actions and should therefore not occur there 5 1 Rulesets A Ruleset is a combination of a number of rules In calculo there are different types of Rulesets that are pre configured to customer specifications The most important ones are described in this chapter 1 Exclusion 2 Tier Step 3 Volume 4 Condition 5 1 1Exclusion Ruleset In the Exclusion Ruleset the user can specify which of the Partner s assets wil
42. times o Information o Error o Warning o Trace o Debug 07 04 2014 SWT Calculo User Manual final 3 11 EN 39 41 Workflow aog Time Status Originator Scenario 14 02 2011 13 04 01 Completed Duration 00 48 Business User brode 4 14 02 2011 13 02 50 Completed Duration 00 11 Business User Producti 14 02 2011 07 48 09 Error Duration 00 22 Andreas H tt Producti 14 02 2011 07 47 22 Completed Duration 00 01 Andreas H tt EI Error Log EI Log Productiv Fa Execution Log sage Figure 39 Tab Execution Log here e The log files of the performed Workflows are stored under the Execution Log tab e Information regarding time and status of the most recently started workflows is also available Note Remember the Business Activity Monitor BAM see Section 2 5 In the BAM all information regarding the Workflow activities are available to the user until it has been deleted 07 04 2014 SWT Calculo User Manual final 3 11 EN 40 41 10 Glossary amp Acronyms Term Description Accrual Timely accruals fee calculation based on estimates for the financial Activity Attribute AuM BRM calculo EAM MIS NAV Settlement 07 04 2014 accounting Process with a start and an end time One or more activities can be combined into workflows In Data Management an attribute is a structural expression of an object class For example F
43. uding all constituent parts is protected by copyright Any use which exceeds the strict limits of copyright law without the consent of Sowatec AG is illegal and punishable by law This applies in particular to reproduction translation microfilming and storage and processing in electronic systems Version Status January 2013 calculo version 3 11 Contact Sowatec AG Mattenstrasse 14 CH 8330 Pf ffikon www sowatec com info sowatec com 07 04 2014 SWT Calculo User Manual final 3 11 EN 2 41 Table of Contents MTEC E 6 1 1 NTN Ee 6 1 2 Target Group Of the user manual 6 ZINA ATION CONC SE crc sais weeenss E E EA AA A A AA A ELR 7 2 1 cao ata VAN E a A A E E E E A E EE 7 22 Ee EE 7 2 3 VION eege 8 2 4 BC VE 9 2 5 Business een e et EE 9 3 Handling of information in calculo cecccccccsssssececcccessssssssccccccssssssssscccccssssssssssccsscssssssssscsssees 11 3 1 SS A Lt Lee E 11 3 2 OE a E e E E 12 3 3 Wett 12 3 4 Types EE 12 3 5 Etelis da Ee e 15 3 6 KEE 16 3 7 Layout ler E 17 4 Partners and PrOG CE E 18 4 1 Requirements for a Partner or Product Settlement calculaton cccesesesessssesessesesessseeeseseeeenees 18 4 2 Information on completed Settlements ccccecesescsesesessesessssesessssesessssesessssesessesesessesesessesesesseseseeseeeeees 20 S RUIG cen note nec secs wns oes we ccs cans ce rene weee sees seo seseneeeeceese oseueuseeecesst ce ueueescteassccueaexess 23 5 1 H 24 5 1 1 Se Ee FS
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