FIS Payout provides accurate, timely and comprehensive payout information for advisor commission payout arrangements and detailed management reporting. Using a graphical interface, users can easily create and manage multiple complex commission contracts and set up breakpoints on trade volumes or gross commissions. FIS Payout allows you to set up custom or shared trade charges, and to assign clearance and execution charges while managing unlimited payout, overrides and split commission payments to managers, supervisors and representatives.
Powered by FIS Information Server, FIS Payout uses concise rule-based engines to calculate commissions automatically taking into account several levels of complexity including rates, breakpoints, sharing currencies, etc. The calculated commissions are sent to your back office system through FIS Information Server for appropriate processing, and are stored historically for future reference.