The rule
A holder's share is the net amount times their fractions divided by all fractions issued on the record date, rounded down to the smallest currency unit. The cents left over are handed out one at a time to the holders with the largest remainders, with the earlier holder winning a tie. The lines therefore add up to the net amount exactly, and EasyHaus checks that again at approval.
Example
A gross amount of 12,000.00 with 2,000.00 of deductions leaves 10,000.00 to distribute over three holders with 100 fractions each.
| Holder | Fractions | Exact share | Rounded down | Final |
|---|---|---|---|---|
| A | 100 | 3,333.3333 | 3,333.33 | 3,333.34 |
| B | 100 | 3,333.3333 | 3,333.33 | 3,333.33 |
| C | 100 | 3,333.3333 | 3,333.33 | 3,333.33 |
The rounded-down amounts add up to 9,999.99, so the extra cent goes to the first holder. The total is 10,000.00. The informational per fraction figure is shown to 8 decimals: 33.33333333 here.
Who is included
- Holders with fractions on the record date, taken from the ledger at the end of that day.
- Fractions you keep as the sponsor reserve are not issued fractions and receive nothing, unless you hold them through a client record.
- A holder with no bank account still gets a line. Add the account before you export the payment file.