Distributions

To add a Distribution, as with dividends, select fund transaction from the enNAV tool bar. When you click on the button from the side menu bar you will have the option to Add Payment.

This will display the payment screen as shown below :-

Now select the fund you wish to process the payment from. There is a find button to help you quickly find the fund if you manage a large number of funds.

As in subscriptions and redemptions the first series is automatically selected, but you can select another series if there is more than one on this fund.

Now select the payment type from the type list. If the payment is a distribution you will also need to select the type of distribution. These are configured from enNav maintenance.

As with dividends you will also need to enter the date the payment was declared and the date the payment is due to be paid.

The currency of the payment will default to that of the fund.

Also as in subscriptions and redemptions the debit and credit default accounts will be populated if the fund has an integrated ledger.

Next enter the amount details. When you click on next the payments screen will calculate the amount to be paid to each holder.  

Select the transactions you wish to process by ticking the box to the left of the holder name.

Now when you return to the fund transaction screen you can see all the dividends you have just processed. The X to the left of the transaction indicates that they are not yet posted.

To post the transaction tick the box to the left of each transaction you wish to post then click on the button to post all the selected transactions, as shown in dividend payments.