Retrocession
We read each retrocession statement, match it to the bank's printed total, share it out to clients, and report it.
What the retrocession module checks.
TAC reads each bank's retrocession statement, PDF or spreadsheet, into one table.
Each line goes to the right client account and relationship manager.
What each bank owes, what has arrived, and what is still to come.
Retrocession reports for clients, and rebate lines on the fee invoice when the agreement says so.
The same statement cannot be loaded twice. Loading it again replaces the old one. It does not add to it.
The lines we read must match the bank's printed total. If they do not, we never share it out, and we tell a person which lines are missing.
What the retrocession module gives you.
Retrocession records by bank, client and month
A list of money still owed to you
Client disclosure report
Reads, matches and shares out every statement.
Sorts out held files and chases the bank.
See income by bank and by client. Sign the client report.