This transaction is used to maintain fees.

The following transactions can be started from here by clicking the icons in the list below for:

• Adding a Fee
• Modifying Fee
• Deleting Fee
• printing fee(s).
• creating Fee Code List
• showing Version Log of the modifications to the fee(s).

Already existing fees can be selected using the Fee Code field.

The “Relevant Amount” field contains the amount type that is used as the basis for calculating the relevant tiered amounts for fees. The definition of the amount the fee is to apply to is in the condition itself. This can, however, vary if it makes sense from a banking perspective.
Example:
Contract for EUR 100,00.00, transaction increasing this by 20,000.00.
The “Contract Amount” is selected as the relevant amount in the definition of the fee.
The condition defines amount tiers of 0.00 to 50,000.00 (with a fee of 2% on increase amount) and 50,000.00 to 9,999,999,999.99 (with a fee of 1.5% on increase amount).
The contact amount of 100,000.00 means that the second tier shall apply. Here, fees of 1.5% are to be charged on the increased amount of 20,000.00.

Not all fee types are available in all business sectors.

The description of the fee in all system languages is used for the display in the Settlement Panel and as a proposal for letters. If fees are displayed in SWIFT or DTA messages, appropriate permitted language-neutral codes are used.

The Booking Type offers the following for selection:

• Fee
• Commission - distinction to “Fee” only relevant for statistical purposes
• All-in Fee - a fee defined in this way can be used as an all-in fee
• V.A.T - a fee defined in this way can be used as VAT
• Check External Fee - used in business sector “check'“As part of a check route agreement, it may have been arranged with the collecting back what fee it is entitled to for collecting the payment documents. This fee is to be stored for the check route in the static data and must be designated as a “check external fee” in the definition of the fee. Within the business transaction “check presentation”, this fee is then treated as a pass through charge to be deducted from the countervalue of the checks to the presenter but credited to the collecting back at a later stage or at certain intervals.

In the “All-in Fee”' field, a fee code can be selected, providing it is also defined as an “All-in” type. If the fee is then used in settlements and if a condition has been stored for this “All-in” fee for the parties, this “All-in” fee is then used instead of the single fee. Several single fees with the same “All-in” fee mean that the fee is only charged once.

“Value added Tax” - Separate fee types can be created by selecting the booking type as “V.A.T”. Also, the fee condition for this V.A.T can be defined separately in Maintaining Conditions.
If a particular fee booking type (i.e., charge, commission etc., except vat) is subject to V.A.T, then the respective VAT fee type code should be selected, along with the fee booking type.
Example: If V.A.T has to be defined for Import LC Commission (LICX), create a fee type “LICXV” for V.A.T and select the same as VAT for LICX booking type. Also, create the default fee condition for V.A.T (i.e., for LICXV) as 20%.
Thereby, when Import LC commission (LICX) is charged in a contract, VAT is calculated on the LICX commission amount and is then added as the VAT fee.
Example: In the above example, if LICX is 10000, then V.A.T is 20% of the same, which is 2000. Thereby both, the Import LC Commission and its V.A.T is calculated and charged in the contract.

The “Fee Payer (Default)” field determines determines the party defined as the default payer of this fee.

The “Income” checkbox is to be checked when the revenues represent income for the bank (e.g. processing fees), as opposed to charges, which represent a replacement of expenses incurred by the bank (e.g. postage).

The income account that recognizes the fee is specified in the “Account”field.
This account is diplayed in the details part of the second grid on the Settlement panel. A selection can be made if several accounts are listed.
The character <> can be used to define the account type. If an account type has been captured in the account, e.g. <RE> for reimbursement income, a search is made for accounts in the system currency for this type of account. The account selected from the Details panel is then used for posting.

The “Accruing account” tag indicates the internal interim account to which fees to be accrued are posted. Details of accruals can be found under Accruing of Commissions.

The period for which the fee is to apply is determined by the “Begin date” and “End date” fields. The fee can only be used during these two dates.

If the checkbox “Modification of Description Allowed in Settlement” is checked, then the fee description can be changed in the Settlement panel.

The “Usable in” field is used to define the business sector and the transactions in which the fee can be used. If the field is left empty there are no restrictions on use. Otherwise, permitted sectors are defined by their two-digit sector code and transactions by their transaction code. Both codes are preceded by a plus sign.

Example: Entering '+GI+LETOPN' enables the fee to be used in the entire business sector “Guarantees” (GI) and in transaction “Advising / Confirming an Export L/C” (LETOPN).

The “Fee Group” code tag marries various fees for correspondence purposes. If requested, fees with the same group code can be classified together and issued/displayed as a single amount.

The lower part of the panel displays which terms and conditions have been defined for this fee.
The checkboxes can be used to select the types of conditions displayed. Next to the condition type is an indication of the number of relevant records. Because fee conditions are subject to a period of validity, the situation as per the debit date is displayed.

Furthermore, the following buttons are available for each entry in the table to edit fee conditions:

• [Edit] - The transaction ”Modifying Condition” is started for the selected fee condition.
• [Delete] - The transaction “Deleting Condition” is started for the selected fee condition.
• [Split] - The transaction “Splitting Condition” is started for the selected fee condition.

Fee
Foreign Base Currency Details