Creating Third-Party Invoices

Third-party invoices are the invoices that track the incomes and expenses resulted from contracts based on the bank or financial institution's agreements with third-party entities (agents, brokers, etc.) . You can allow Core Banking to create the invoices automatically, or you can create invoices manually. When a disbursement event is approved at the contract level (for pricings with For Disburse = True), or when the contract itself is approved (for pricings with For Disburse = True), the commission information is placed in a queue. From this queue, the commissions are automatically calculated by the system as pre-invoice details. These calculated pre-invoice details are later attached to invoices, either automatically or manually.