The process of creating fee transactions allows your institution to base fees on either balances or activity, and your institution may opt to charge, accrue, or waive the fees at the KEMID level. Because these aspects of processing vary between institutions, this section cannot explain the actual calculations performed by the system during the Create Fee Transactions process. Instead this section covers the parts of the process that are standard—initial processing and determination of how to charge the fee.
Standard processing includes the following:
In the overall sequence of batch processes, this process must be run before the Create Automated Cash Investment Transactions process and the Create Cash Sweep Transactions process. Because this process generates Cash Decrease e-docs, the batch sequence must include a run of the Post E-Docs process after this process has run to completion.