Run the AIF distribution waterfall before money goes out

Reconcile realisation proceeds, fund expenses and reserves, then apply each investor's side-letter fee and carry terms through the waterfall by unit class. The manager can approve a pro-rata allocation with tax deductions before payment, avoiding early carry or a missed clawback.

Starts when

Sale of a portfolio investment, or income from it, is received by the scheme
A distribution date or Category III redemption under the PPM falls due

People in the process

AAIF Fund AccountingProcess Owner
FFinanceParticipating Team
IInvestor RelationsParticipating Team

The process is a starting point. The standards are yours.

Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

Compliance

Reconcile client funds and cover any shortfall the same day

Compare client money at the bank, clearing member and clearing corporation with client credit balances, and trace every break to a timing difference, wrong allocation or misuse. Finance can fund any shortfall the same day it is found while Compliance reports it and closes the break with evidence.

Margin Operations

Report client margin only as actually collected

Reconcile each client's collateral and collection records with the margin file and the clearing corporation's rejection or shortfall report, and classify every difference. Margin Operations can submit corrected files before the cut-off and avoid both short-collection penalties and false reporting.

RCC

Brokerage Operations

Repay failed client payouts to the right account

Join the client's payout request, running-account balance, bank payment and return reference to find whether the account or the amount went wrong. Brokerage Operations can re-pay correctly from the designated client bank account, update the ledger and tell the client what settled.

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Order for the work. Room for the people.