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- Primary Broker: An internal broker listed on a contract and paid by the same counterparty as an external broker on the contract. Primary Broker commissions directly impact contract financials in the same way that external broker commissions do.
- Secondary Broker: An internal broker listed on a contract and paid a commission share by another internal broker listed on the contract (Broker on the Cargo or VC In Broker the contract Broker grid). Commissions distributions to secondary brokers have no impact on contract financials.
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- Broker: Select a Primary Broker.
- Internal Counterparty: Either select a Secondary Broker or leave the column blank.
Posting Invoices
When a Primary Broker AP commission invoice (Source Code FCOM, TCOC, TCOM, or RCOM) is posted:
- A mirror AR invoice (Source Code CSHR) is automatically created and posted.
- AP invoices (Source Code CSHP) and mirror AR invoices (Source Code CSHR) are created for all Secondary Broker distributions specified in the Broker grid of the contract.
Reversing Invoices
To reverse an invoice with Source Code CSHR or CSHP, you must reverse its Primary Broker AP commission invoice. When you do that, the mirror AR invoice and all Secondary Broker commission share invoices are automatically reversed.
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