Overview

FCR Fees & Commissions schedules can be created and managed in the Fees & Commissions Rate Schedule Library.

All Fees & Commissions schedules follow the same standard format and can be created in 2 ways-

Build New
Upload New using the Download Template

Build New

After selecting Build New, the schedule requires and name and assigned party

Next, the Rate Schedule builder is opened. Users may begin to add rate lines by selecting “Add your first line” then selecting from drop-down fields within the schedule, beginning with Region. Users also have the option to create a schedule from an existing template in the library.

Each rate line can contain an Execution Commission rate only, a Clearing Commission rate only, or both an Execution Commission and Clearing Commission. At least one of these rates must be entered per rate line.

The required fields per rate line are listed below -

Rate Schedule Field:	Required:
Region	X
Exchange	X
Product Group	X
Product Code	X
Product Name	X
Product Type	Optional
Trade Type	Optional
Spread Type	Optional
Exec Type	X (required only when Execution Commissions are present)
Default	X
Execution Commission	X
Clearing Commission	X
Commission Currency	X
NFA Fee	Optional
NFA Fee Currency	Optional
Rate Type	X
Min	Optional
Max	Optional
MM Define	Optional
MM Apply	Optional
Add On	Optional
Add-On Apply	Optional

The schedule can be saved as a draft by selecting Save as Draft. When the schedule is complete select Save & Publish.

The schedule must be in a Published state in order for it to be available for users to associate to FCR Documents. The schedule is now available in the Template Library view and available to be applied to FCR Documents for assigned party.

Exchange Fees and Clearing Fees will populate on the schedule at the Document level. The Exchange Membership set for the Client on the Document will affect how fees are populated on the schedule.

Upload New

The FcsRs Template file will need to be downloaded to use the Upload option.

Select the Download Template from drop down.

Within the template excel, user will add rate lines using Docs product reference data. Product information can be viewed in the application or downloaded for reference in the Products page under the Product & Rates menu.

The required fields per rate line are listed below -

Template:		Required:
Region		Optional
Exchange		X
Product Group		X
Product Code		X
Product Name		Optional
Product Type		X
Trade Type		Optional
Spread Type		Optional
Exec Type		X (required only when Execution Commissions are present)
Default		X
Execution Commission	Fee Amount	X
Execution Commission	Currency	X
Clearing Commission	Fee Amount	X
Clearing Commission	Currency	X
NFA Fee	Fee Amount	Optional
NFA Fee	Currency	Optional
Rate Type		X
Min Max	Min	Optional
	Max	Optional
	MM Define	Optional
	MM Apply	Optional
Add On	Add-On	Optional
Add On	Add-On Apply	Optional

Once the FcsRs Template file creation is complete, the file is uploaded to the Fees & Commission library.

Select the Upload New option and upload the saved FcsRs Template file. The name of the file in the library will be the same as the file name when uploaded.

When uploading the file, a party must be assigned.

After uploading, any errors will be displayed in a red error message at the top of the screen. Users can expand to view the exact errors.

The FcsRs Template file must be corrected for flagged errors and re-uploaded to the library.

The schedule will open for review/ editing. User must select Save & Publish when complete and the Template becomes available to attach to FCR Documents for assigned party.

Exchange Fees and Clearing Fees will populate on the schedule at the Document level. The Exchange Membership set for the Client on the Document will affect how fees are populated on the schedule.

Articles in this section

Fees & Commission Schedule Creation

Overview

Build New

Upload New

Comments