Foreign Holdings Excess Fee

• A foreign exposure excess fee has been added as an option for Foreign Asset Classes to add an additional ongoing fee for foreign investments above a set threshold

Asset Class fee threshold

• The foreign exposure threshold can be set on the system configuration
• System -> Configuration -> Asset Class fee threshold
• Holdings above the set threshold will be applicable to the fee

Create a Fee Types

• Add a fee type i.e. Foreign Holdings Excess Fee
• System -> Fee Types
• For more information refer to Fee Types

Include in asset class fee

• Select if the fee need to apply to the asset class
• Instruments -> Asset Classes
• Select a Asset Class and set “Include in asset class fee” to include the fee in the selected Asset Class
• For more information refer to Adding Asset Classes
• Refer to the concept calculation Concept Foreign Holdings Excess Fee Calculation

Taking Foreign Holdings Excess Fee

• Foreign Holdings Excess Fee forms part of the ongoing fee process
• For more information refer to Doing a Ongoing Fee Run

NOTE: In addition to the above the following can influence the Foreign Holdings Excess Fee:

• Price changes on the instrument
• Movement on the instrument
• Asset allocation splits

If the Foreign Holdings Excess Fee is only applicable on certain Instruments

• Set the Default rate on the Fee Type created i.e. Foreign Holdings Excess Fee to zero
• Then Override the fee on the specific instrument
• For more information refer to Setting and Overriding Platform Fees

Last Updated on 12 months ago by Debra Hart