Distribution Fees
Quartal COMMISSION calculates various types of distribution fees including:
Transaction Fees
Trailer Fees / Retrocessions
Subscription / Redemption Fees
Up-front Fees
Finders Fees
Commissions on Management Fees
Deferred Sales Charges
Why Quartal COMMISSION?
Client benefits
Highly accurate distribution fee invoicing and best practice billing processes
Considerable minimisation of costs and overall process risk
Compliance with the highest security and audit standards (MiFID, VAT, Churning, etc)
Increased service quality for external partners
The timely distribution of invoices and payment orders
The highest level of accuracy in the provision of real-time reports and statistics
Additional Information
Best in class solution
Quartal COMMISSION is market leader with a transferred distribution fee volume of close to 1 billion Euro/year. More than 90% of all marketplayers in Europe are covered as accounts receivables or payables partner in our client installations.
Commission allocation & distribution
Quartal COMMISSION allows the definition of hierarchical distribution structures for each individual distribution channel. Paid or received distribution fees can be assigned to any level of the structure, as well as any additional credits or debits.
Controlling & verification
In order to guarantee the highest level of data consistency, data from third party systems or external partners can, with the assistance of extensive controlling and distribution fee verification features, be reconciled, checked and split against positions and payments stemming from these systems. Furthermore, amounts paid or received can be adjusted to enable particular controlling steps to be carried out directly in the system.
Front or back-office
Quartal COMMISSION can be deployed as either a front or back-office system.
Standardised interfaces
Quartal COMMISSION can due to its open interfaces be easily integrated into different types of environments. Data loads of fund master data, client portfolios, transactions, positions, exchange rates, fund prices etc. can be automatically and flexibly loaded through more than 150 already implemented customised interfaces.
