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VIP:Veson IMOS Platform (VIP)
VIP:Veson IMOS Platform (VIP)
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Sometimes, the pool owner withholds some payment amount from the Pooling Distribution period and recovers it in future distribution periods. The Pooling module enables a workflow to settle this. To withhold and then recover a payment to an owner, follow these steps.

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For example, to withhold 5% of the total payable to the pool Participant SEATIDE MARITIME from the distribution period Jan 2017:

When running the Pooling Distribution for Jan 2017, in the Pooling Result Distribution grid, either enter 5% in the Withhold% column or enter the corresponding dollar amount in the Withhold column. The withheld amount is then deducted from the payment. To check the withheld amount, right-click the line and then click View Payment Details.

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To recover the withheld amount for the pool Participant SEATIDE MARITIME from the distribution period Feb 2017:

  1. Run the Pooling Distribution from Feb 2017.
  2. In the Pooling Result Distribution grid, right-click the SEATIDE MARITIME line and then click View Payment Details.

    The previously withheld amount appears under Withhold Recovery.
  3. In the Withhold Recovery grid, select the S check box to select withheld amounts from previous periods to recover in this distribution period.