1.2.1.2 LIFO/FIFO Rule
For a product you can specify the method for computing the commission for the customer. The two options available to you are as follows:
- LIFO
- FIFO
| Field | Description |
|---|---|
| LIFO |
Select LIFO if the commission has to be computed using the LIFO method. Here the basis amount of commission components is reduced in the Last In First Out (LIFO) order, whenever the LC contract is availed or the outstanding amount of the LC is reduced. |
| FIFO |
Select FIFO if you want to calculate your commission using the FIFO method. Here the basis amount of commission components is reduced in First In First Out (FIFO) order, whenever the LC contract is availed or the outstanding amount of the LC is reduced. |
Parent topic: Load Product Definition