In this example:
- employees H, I and J (Ref No.'s 106, 18, 93) are all invested in Portfolio 1 as at 31/03/2003
- employee J (Ref No. 93) exited the scheme on 05/04/2003)
- a management fee of R66.00 needs to be distributed amongst the live members, as per the distribution structure rules for management fee (refer to Distribution type: management fee under Overview)
- the distribution detail is processed on 10/04/2003
- the effective date of distribution is 31/03/2003
- the B_JU3AA_DISTRIBUTION batch run has been initiated and has now completed
Note:
The opening balances shown in the example are as at the effective date of the distribution (31/03/2003).