Fees Parameters
Contents
When the Use Global Adds Draws option is set to TRUE, fee amounts will be recorded in the Capital Adds Draws Transaction file.
Global Parameter Fees will create a fee transactions based upon the Charge Management Fee selected setting. The amount of a fee event is applied at the end of a trade day off the current selected test date period. Fee transactions are applied as one of the last After Trade Day equity adjustments.
Each fee type can have a different accrual period. As fees accrue, they are booked as draws from the account equity.
Global Parameters - Suite Fee Parameter Options
Capital Adds & Draws transactions can be included in the transaction basis.
Parameter: |
Description: |
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|---|---|---|
Management Fee (Annual % of Equity) ^Top |
This fee is a percentage calculation. It is the cost of inclusion into the trading management structure. |
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Charge Management Fee ^Top |
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Management fees accrual timing is determined by this selected value. |
Incentive Fee (% of Net New Profits) ^Top |
Incentive fee is the reward fee available to management for the gain of the selected period. |
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Charge Incentive Fee ^Top |
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Incentive fees are determined by the user's selected accrual period. |
Use Capital Adds Draws ^Top |
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When this parameter is set to FALSE. When FALSE, Capital Adds & Draws transaction records will not show fee transactions. When it is set to TRUE, the fee accrual transactions will become records in the the change in the account equity value is included in the calculation basis percentages. |
Edit Time: 9/12/2020 9:50:00 AM |
Topic ID#: 138 |
Edit Time: 9/12/2020 9:50:00 AM |
Topic ID#: 138 |