Every transaction relies heavily on the Commission.
The commission will be paid to the banks in exchange for the services they supplied on each transaction.
During the course of a contract's life cycle, these commissions are calculated and settled for a specific period of time. The actual payment of commissions for each contract is agreed upon between the parties.
For example, the Participation commission is levied when a transaction's risk is shared. Any commission that needs to be calculated is paid out either at the end of the term or in advance. The calculation period is the time required to finish the calculation at a specific rate for a specific period (half year, Month, quarter(s), p.a., half year(calendar), Month(calendar), Quarter(calendar)...). The payment due date (quarterly, semi-annually, annually, until expiration, and up to the amount) falls within the settlement term.
Based on the actual calculation settings, the system will give a detailed picture of the recent and upcoming calculations. Current settlement information and the deadline for the subsequent settlement are included here.
The Info button displays the specifics of the commission calculation.
And the Details button will show you the exact details of the computation (current/future calculations) across time.
PATCOM: Manual Commissioning for Participation
The Participation Commissioning transaction (PATCOM) is used to settle any outstanding commissions for each individual Participation contract.
The PATCOM transaction is used to manually process commissions for an existing Participation contract.
Choose it from the [Other Products -> Participation -> Other -> Commissioning] menu option.
When you have made your changes, click on the ( ) Save function to save all the data entered in the transaction to the database.