Payout Instructions Tab

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Payout Instructions Tab

This tab contains information that controls the payout of pooled fund income. The default is to pay out 100% to the income of the KEMID, but all or part of the income received from the pooled funds owned by the KEMID may be automatically transferred to one or more KEMIDs as a result of the instructions in this tab. Each KEMID must have at least one set of payout instructions. Multiple sets of instructions may be added.

Payout Instructions tab definition

Title	Description
Payout Sequence Number	Display only. The system-assigned sequence number for this record.
Pay Income to KEMID	Required. The KEMID to which the pooled fund income is to be paid. Defaults to the KEMID to which the record is attached. If desired, enter another existing KEMID or use the lookup to find it.
Percent of Income to Pay to KEMID	Required. The percentage of the income that is to be paid to the specified KEMID. Defaults to '1' (100%) but may be changed. If you add more than one set of payout instructions, the sum of all percents must equal '1'.
Start Date	Required. The first date on which these instructions apply. Enter the date or select it from the calendar . The date specified cannot be changed after the start date has been reached.
End Date	The last date on which these instructions apply. Enter the date or select it from the calendar . You cannot view or edit the record after the end date has been reached.