How to calculate right MI against each ICP when parent MI entity is shared?

Summary:

•ICP representation between old state (HFM) and New State (FCCS) differs for MI expense account when the parent holding entity is shared under 2 or more parents

Content (please ensure you mask any confidential information):

•Entity 4906 owns 4907 and 4908 at 100% and 4906 is owned by 1467, 2215 and 2132 at 85, 7 and 7 %’s respectively. The effective ownership % is 99 and effective MI % is 1

.•HFM has the ability to calculate that 1% against 4906, 4907 and 4908 directly and downstream reporting system consumed the same data for further processing

.•However, in FCCS, only way to arrive at right MI is sharing all the 3 entities under 3 parents and then calculate 15% MI for parent Entity 4906C which includes net income of 4906, 4907 and 4908 and then calculating 7% Reverse/Negative MI from shared entities under 2215 and 2132.