Fee Commission Payment Stream
Fee commission payment stream is a section where you can set the date and frequency of when you will receive the commission statement and how it will be received. For instance, your Commission Statement from AIA comes on the 1st of every month through email. So, Payment frequency is monthly and Statement Source is email. When we subscribe to a Product Provider, the Fee commission Payment stream is applied by default. The Default Information that we apply is - Payment Method- Direct Credit, Payment frequency- Monthly, Approximate Payment date- 01, Statement Source- Email. You can then update the fields of this form as per your own situation. The procedure to update the form is explained later in this article.