Product

Commissions

April 7, 2010

Bonaire’s Commissions module is a comprehensive calculation engine for the asset management,
wealth management and brokerage industries. This application was designed to calculate distribution fees / commissions for both direct and indirect channels, including sub-advisors, FA’s, sales individuals and
teams. The module accommodates a wide array of commission structures, including the calculation of performance-based incentives.

Key benefits

• Increases timeliness and accuracy of distribution fee / commission calculations
• Increases automation and reduces operational costs
• Full audit trail to aid regulatory compliance e.g. Sarbanes Oxley, MifID, RDR
• Increase quality of service to external distribution partners
• Provides ability to create “what if” and forecast models for distribution fees / commissions

Key features

• Commission can be calculated on transactions, market values, fund flows or one-off fees
• Calculates pay-outs based on a revenue sharing structure with spreads and tiers
• Accommodates calculations on performance-based incentives
• Automatically generates accruals and reversals
• All calculations are flexible and user-definable
• Integrated workflow, exception processing and tolerance-based validation
• Straight through processing (STP) for commissions, accrual calculations, G/L postings and reversals

Technology leadership

• Browser–based
• Open standards-based infrastructure
• Integrated Business Intelligence and reporting
• Scalable solution that will grow with your organisation’s account volumes
• Enterprise ready for multi-site deployment
• Seamlessly interfaces with record-keeping, custodial, accounting and general ledger systems