Reverse Ongoing Fee transaction

On Ongoing Fee Taken Transactions, a ‘Reverse’ button is available to users with the global permission ‘Reverse ongoing fee’. This functionality can be used to reverse an ongoing fee transaction. The related fee earned transaction and fee split transactions will also be reversed.

NOTE:

1. Reversing a Ongoing Fee Taken Transaction will not affect the Last taken fee dates on the account.
2. If the fee transaction that was reversed needs to be re-taken, this must be done as an ad-hoc fee. See link.

Where ongoing fees have been taken proportionately over more than one instrument, the fee cannot be reversed and a screen message will appear.

Last Updated on 3 weeks ago by Jamie Chinsamy