Composer's Disbursement Engine is a tool that allows business rules such as fee rules and commission rules to be configured by our clients. These rules can be built for any transactions that move funds between parties within the system. 

Disbursements may be defined in a hierarchical manner by applying a standard rule at any level of the product hierarchy (fund, sub fund, investment choice) or by applying it to parties such as dealer groups and investors. Rules can also be applied to individual transactions. Coupled with this is the ability to allow overrides at any level. The flexibility and ease of use of the Disbursement Engine makes it a powerful tool for building fee structures, be they a simple annual member fee or the complex tiered fees and transaction based fees often found in Master Trusts, Wraps and Managed Funds. The ability to define sophisticated tiered structures also makes it valuable tool for defining complex commission and brokerage requirements needed to properly support commissioned based parties such as financial planners and brokers.