IMOS On-Prem - Pooling Cash Distribution

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On the Pooling Cash Distribution form, you can specify a Cash Amount to be distributed to the pool Participants.

To access this form, you must have the Pooling Cash Distribution Module Right selected, under Pooling in Operations.

1. In the Operations module center , under Pooling, click Pooling Cash Distribution.
   
2. Select a Pool.
3. Enter Period From and Period To dates. Details for the distribution appear in the following grids:
   • Pooling Distribution includes all the posted Pooling Distribution invoices issued until the Period To date.
   • Participants' Items include all the non-Pooling, posted invoices issued by the pool Company with one of the pool Participants as the counterparty.
4. Enter the Cash Amount to be distributed. Pool Participants' Items, Net; Total Applied To Distribution; and Amount Distributed fields populate.
   Note: The Manual Adjustment check box must be cleared.
   
   • If the Cash Amount exceeds the invoice amounts in the Pooling Distribution and Participants' Items grids, advance payment amounts appear in the Advance Payments grid.
   • Participants' Items are always paid first.
   • Pooling Distribution invoices are paid according to the Period date, in an ascending order.
   • After all invoices are paid, Advance Payments are calculated for the Participants, based on their Vessel Points.
     Note: The calculation of the amounts allocation always rounds the numbers down, so there might be a difference between the values in Cash Amount and Total Amount Allocated, and between Total Applied To Distribution and Amount Distributed.
5. To manually adjust Pooling Distribution, Participants' Items, and Advance Payments, select the Manual Adjustment check box and then edit the grids.
6. Do any of the following:
   • To create a Request for Payment XML notification that can be sent to a third-party system, click .
   • To view Pooling Cash Distribution reports, click  and then click one of the following reports:
     • Summary: Displays the balance before, the amount distributed, and the balance after for all Participants.
     • Details: Displays the same information as the Summary report, but itemized per invoices and Advance Payments.
     • Receipts: Displays the receipt for each Participant. When printing this report, page breaks appear between each receipt.