Apply Amortization

Apply Amortization

Navigate to Instruments to apply amortization.

Select an instrument and click the action menu and select "Apply Amortization". 

The instrument chosen is prefilled and can also be changed. 

Fill in the amount of the amortization and select a date (settlement date) on which the holder should have owned the instrument in order to receive a distribution of funds.

If the funds haven't been applied to a Bricknode Broker account, we should select No. Transactions will be made on custody, issuer and customer accounts. 

1. Apply money to custody account.
   Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
   Select trade and settlement date for when we should apply money to the custody account. 
   
   
2. Apply money to Bricknode Broker account. (Issuer for the instrument)
   Fill in account number or label on the issuer and available accounts will be visible. (The drop-down menu will be empty until we write something)
   Select trade and settlement date for when we should apply money to the issuer account. 
   
   
   
   
3. Deduct money from Bricknode Broker account (Issuer for the instrument). 
   Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
   Select trade and settlement date for when the money should be distributed to the receivers
   A - If this is checked only one transaction for the total amount should be created in the issuer account when the amount is charged. Separate transactions will be created on the issuer account if we choose to unmark the checkbox. 
   
   

If we already have made transactions in Bricknode Broker for the funds we can select Yes and then transactions will only be made on issuer and customer accounts.

Deduct money from Bricknode Broker account (Issuer for the instrument). 
Fill in account number or label and available accounts will be visible. (The drop-down menu will be empty until we write something)
Select trade and settlement date for when the money should be distributed to the receivers.
A - If this is checked only one transaction for the total amount should be created in the issuer account when the amount is charged. Separate transactions will be created on the issuer account if we choose to unmark the checkbox. 

Click Preview and you will receive a summary of the distribution. 

Click Confirm when you are satisfied. You will receive a progress bar and a message when it's finished. 

Transactions have now been created in Bricknode Broker, see example below how it looks like in Bricknode Broker when we have created all transactions through the app.

(Transactions > Business Transactions)