Capital Commissions allows the calculation and follow-up for Banks, Management companies and Insurance companies of current commissions on OPCVM.

Capital Commissions is a management solution for the retrocessions :

	IN = Settled up to the Bank or the Insurance company by external “ commercializers”
	OUT = Payed by the Bank or the Insurance company to third parties in the framework of a placement agreement. An optional module allows managing the OUT retrocessions paid to external advisors (CGP or CIF).

Capital Commissions allows :

	The commercial follow-up of the agreements/IN and OUT contracts (on several hierarchical levels).
	The daily estimation then the final calculation of IN and OUT retrocessions (on stocks, flows and management fees).
	The consultation of stocks and flows justifying the retrocessions and a possibility of manual adjustment.
	The reporting and the analysis
	The convergence between the IN and OUT retrocessions.
	The follow-up of regulations
	The integration of information flow is customizable.

The application is conform to the requirements of the law on Financial Equity (LSF 96-03) applicable on January 1 st 2005 (the finding of the retrocessions collected at each OPCVM and authorization of the calculation by OPCVM of reserve accounting).