 |
Institutions may enter into agreements
with other tertiary institutions whereby royalties are
payable to these institutions in respect of students studying at the institution. This
option is used to maintain the royalty ranges and percentages as
per contract between the institutions. Royalties are based on
the number of student enrollments and different royalty percentages
may apply depending on the number of students enrolled for a subject or
qualification.
| Field | Type & Length |
Description |
|---|---|---|
| Royalty Code | A4 | Enter a valid royalty code or select from list as defined in {FSAC-5}. The name of the institution to whom the royalty must be paid to will display on enter. |
| Start Date | DD-MON-YYYY | Enter the start date when the royalty contract
commences with the institution to which royalties must be paid over. |
| End Date | DD-MON-YYYY | Enter the end date when the royalty contract expires with that institution. |
| Low Number | N12 | Enter the lowest number of students in the range, e.g. the range can be 1 to 3000. There can be several ranges for one royalty institution, if different percentages is payable per range. |
| High Number | N12 | Enter the highest number of students in the range. |
| Percentage | N6.2 | Enter the royalty payable percentage for the above range of students. The Royalty payable will be equal to the Qualification/Subject fees {FSAM-1} (fees linked to the royalty code and the student was raised ) time this percentage. |
|
| Processing Rules |
|
|---|---|
| No special processing rules |
| Date | System Version | By Whom | Job | Description |
|---|---|---|---|---|
| 16-Oct-2006 | v01.0.0.0 | Amanda Nell | t133217 | New manual format. |
| 03-Apr-2009 | v01.0.0.1 | Ernie van den Berg | t157364 | Review the manual. |
| 09-May-2014 |
v04.0.0.0 |
Nokuthula Mafenuka |
t196270 |
Add new image |
| 19-Feb-2016 |
v04.0.0.0 |
Farai Mukwambo |
t196270 |
Changed Block to Panel box. Updated image |