Distribution Management 3.3

August 5th, 2022

This release brings transaction types for clawback commissions, and automated processing of clawback-generating events for third-party entities.

New Features

Transaction Types for Clawback Commissions

For third-party management invoicing activities, you can mark transaction types as generating a clawback commission. Select the Is Clawback Transaction checkbox for the desired transaction types and allow the system to perform the automated invoicing activities whenever such a transaction is registered.

Automated Processing of Clawback-Generating Events for Third-Party Entities

Core Banking automatically identifies the contract events that determine the clawback (for example, Early Repayment events). To make use of the clawback settings, make sure that you mark the desired transaction types with Is Clawback Transaction = True, and when you define your agreement pricing, those transaction types are selected at the banking product type level or the banking product level. The system calculates the clawback commission for each contract and inserts a corresponding invoice detail for the invoice generated for the third-party entity. See details on the Third-Party Invoices page.

Fixed Issues

We fixed an issue that allowed you to create third-party commission values with the starting validity date larger than the ending validity date.