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AUM Scenario

in Revenue Management

Summary: We have a requirement to create a Revenue Contract initially with the minimum and updating it throughout the lifecycle of the contract based on the AUM declarations.

Ex:- Initial Minimum: 10000 GBP. We keep on recognising minimum unless we get the AUM declarations. On receiving the declaration we process the modification and keep on recognising based on last AUM received. We're creating a contract for 1 year and on year end it gets auto renewed in the source system and gets pushed to RMCS as a new contract.

Now if we get the AUM of the period pertaining to 1st quarter of 1st contract after 1 year (i.e. after getting a 2nd contract in the system) how can we make sure both the contracts gets modified?

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