The Commission plays a vital role for every transactions.

The banks will receive the commission for their service provided on each of the transactions.

This commissions are calculated and settled for a period of time during the life cycle of a contract. The actual payer of the commissions for each contract is agreed between the parties. 

Any commission to be calculated is settled either at the end of the period/ in advance. The Calculation period is the period for the complete calculation at a particular rate on certain period (half year, Month, quarter(s), p.a. , half year(calendar), Month(calendar), Quarter(calendar)…). The Settlement period is the period when the payment becomes due (quarterly, half-yearly, yearly, until end, up to amount...)

The system will provide the detail overview of the current and future calculations based on the actual calculation settings. This details includes the current settlement and the next settlement due date.

TRTCOM:

The due commissions that are to be settled for the respective loan contract is done through the Commissioning transaction (TRTCOM).

System allows to handle this transaction in two ways;

• To Start it manually after selecting a Loan  (or)
• To Start Automatic Commissioning for Loan Contracts through (TRBCOM) by the administrator.

Manual Commissioning for Loan Contracts (TRTCOM):

To process commissions manually for an existing Import L/C contract, TRTCOM transaction is used.

Select it from the menu item[Financing Products -> Loan -> Other > Commissioning].

Commissioning

(Users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu)

When you have made your changes, click on the ( )  Save function to save all the the data entered in the transaction to the database.

Automatic Commissioning for Loan Contracts (TRBCOM):

This is a Batch program transaction that runs automatically every time once in a day. 

The automatic commissioning for loan contracts is done either manually or automatically through background processes.

The transaction TRBCOM is used to register the transaction 'Commissioning'(TRTCOM) for all loan contracts.

Select it from the menu item[System Administration -> Batch Processing  -> Commissioning -> Loan].

The respective Loan transaction is registered under the pending items after the commission to be settled has been determined.