You can use Payments to set up and manage the following types of payments to your investors.
For unit trusts:
The lifecycle of a payment has four stages:
- Setting up the payment: Configure the date, rate, tax and other options for your payment.
- Review and scheduling of the payment: Check details and notify investors of your upcoming payment.
- Payment date actions: Pay your investors - generate an ABA file to use with your bank so that direct credit payments can be made to your investors, and generate statements for direct credit, DRP and cheque payments.
- Handling failed payments to investors: Manage incomplete and failed payments, once the payment date has passed.