How do I create a new payout schedule?

Path: "Projects" > "Emissions" > "Choose the Emission" > "Payout Schedules" > "New Payout Schedule"

Note: Before creating a payment schedules, you must first create an emission (Link to create an emission: ). Once you have set up the payout schedule and defined the dates, it is recommended to set calendar reminders for 4 weeks and 1 week in advance to ensure you do not miss any payouts.

After creating an emission, go to the tab "Projects" > "Emissions" and select the corresponding emission. Under the list of "Payout Schedules" for this emission, you can create a new payment date by clicking on "New Payout Schedule."

The settings made in the payout schedule will serve as the basis for calculating individual payout plans. For each payout, a new payout date must be specified. For each payout schedule, you should specify at least one planned date, an interest rate, and in the last payout schedule, a repayment amount.

Creating a new payout schedule:

Steps to create a new payment date:

1. Go to the "Projects" > "Emissions" section and select the relevant emission based on its name or ID.

2. Scroll down until you reach the "Payout Schedules" section.

3. Create a new payment date by clicking on "New Payout Schedule".

You can decide between two options

1. Create single payout plan
2. Create reoccurring payout plan 

Overview for the creation of a single payout 

• Scheduled date: Enter the date when the first payout is scheduled to be made.
• Actual Date: If you cannot meet the planned date, enter the actual payout date. This date will be used to calculate any default interest and to generate tax documents. If not set, the planned payout date will be assumed. Especially at the year-end, it is essential to provide the exact execution date as it determines the tax year.
• Interest Rate: The interest is calculated based on the outstanding capital as of the payment date.
• Additional Interest Rate and End of Calculation: Additional interest (e.g., early subscriber bonus) is calculated similarly to regular interest but can be limited by an end date for the calculation. The calculation date refers to the subscription day and is inclusive. Note: This function can only be used with repayment rate, not with annuity rate. If you have chosen the annuity rate and want to offer an early subscriber bonus, you need to create another emission.
• Late payment interest rate and Beginning of the calculation of the late interest: Late payment interest is due for each day between the start date of the default interest calculation and the actual payout date.
• Bonus Rate and Bonus Deadline: The bonus is calculated based on the originally invested capital and is independent of repayments and interest days. The optional bonus deadline refers to the subscription day and is inclusive. The bonus interest will be due only once.
• Repayment: Enter the rate of repayment or annuity. If you want to repay with the last payment, indicate "Remaining Repayment" in the last payment plan

 Save the newly created payout date.

Please note that for each payout, a new payout date must be defined in the payout schedule. The settings in the payout schedule serve as the basis for calculating individual payout plans.

Overview for the creation of reoccurring payouts 

• Duration (in months): The duration until the last payout for the issue, which determines until when the payout dates are created.

• Payout interval: the cycle in which disbursements are made

• Scheduled payout date: The scheduled date is used as a reference for all subsequent months in the payout interval.

• Interest Rate: The interest rate is the basis for the calculation for all subsequent payouts.

• Repayment Rate: The repayment rate is used as a reference for each payout date. When recurring payout dates are created, the last payout date is always automatically assigned as the final payout.

• Annuity Rate: The annuity rate is used as a reference for each payout date. When recurring payout dates are created, the last payout date is always automatically assigned as the final payout.

Example for the creation of reoccurring payouts 

• Duration: 24 months
• Payout interval: 6 months
• Planned payout date: 01.01.2024
• Interest rate: 5%
• Repayment & Annuity rate: 0%

This example would yield the following payout schedule

You can view the overview of payments (outstanding, paid, delayed, defaulted) through the "Payments" menu in the left sidebar.

Example of a complete payout schedule

Conditions:

• Duration: 3 years
• Interest Rate: 6%
• Early Subscriber Bonus: 1% within the first 30 days (7% instead of 6%)
• Final Repayment
• Campaign Start: July 1, 2023

We hope this information has been helpful to you. If you have any further questions, please don't hesitate to contact our support.