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 Credit Splitting

Use

In the Distribute Credit to Multiple Recipients mass activity (transaction VAZE), you can create a clearing document for each open credit item that is to be disbursed to multiple alternative payment recipients.

The clearing document contains a business partner item with the appropriate partial amount for every alternative payment recipient, which is to be paid out to the alternative payment recipient, and also contains the alternative payment recipient as an alternative partner.

Caution Caution

You must execute the mass activity before the payment run.

End of the caution.

Integration

For an insurance object, you can enter an alternative payment recipient or a list of alternative payment recipients, by specifying distribution rules and partial amounts to be allocate.

You enter a credit document without taking the alternative payment recipient into account: If you have specified alternative partners in a credit document, these values take precedence over the alternative payment recipients for the contract account or contract.

Prerequisites

In Customizing, you have defined the allocation types for credit splitting, and allocated the amount noted in the credit document to various amounts, which are disbursed to the alternative payment recipients.

Activities

To execute credit splitting, enter one or more alternative payment recipients for the insurance object.

If you want to specify multiple payment recipients, proceed as follows:

  1. In the processing view for the insurance object, set the Sel. More than One Payt Recipient flag.

    The system deactivates the Alt. Payt Rec. Field and also displays the Outgoing Payments tab page.

  2. Enter outgoing payment methods and an allocation type, as well the reason for locking a contract account for outgoing payments (outgoing payment lock), if required.

    Your selection of allocation type determines how you specify credit splitting in the following section (see table).

  3. Now specify the list of alternative payment recipients in the Outgoing Payment: Recipient Data section . You have the following options, dependent on the selected allocation type.

    Disbursement Specification in Recipient Data

    Field

    Meaning

    ID

    The field defines the sequence in which payments are made to the recipient.

    The ID is only important if you allocate the disbursement amount absolutely, and the disbursement total is less than the specified absolute amounts (see below).

    Amount in %

    In this field, you specify the percentage allocation of credit to the individual recipients. The total of the percentage shares must be 100%. The payment recipient ID has no influence on the amount actually disbursed.

    Abs. Amount

    In this field, you specify the absolute amounts that are to be disbursed to the recipients.

    The credit is disbursed to the payment recipients until the total credit has been used us, meaning the last payment recipient(s) receive(s) the remainder, and no more.

    Remainder Flag

    You set the flag if you have selected the ABS allocation type (allocation in absolute amounts), and a potential positive difference between credit and the total for the individual disbursement amounts is to be disbursed to one of the business partners.

    You can assign the flag, regardless of the ID.

  4. Save your specifications.

    Note Note

    If you remove the Sel. More than One Payt Recipient flag on the Collections/Disbursements tab page, the system only deactivates the list of alternative payment recipients and hides the Disbursements tab page. The data is retained in the system and can be reactivated at any time.

    End of the note.

You can find more information about creating and changing insurance objects in the Create/Change/Display Insurance Object-Partner Relationship chapter.

For more information about scheduling mass activities, see the section Functions for Scheduling Mass Activities .