Cross-Collaterizations
What is Cross-Collateralization?
"Cross-Collateralization" is a clause in recording or publishing Contracts that allows the Organization to recoup outstanding Advance balances from Right-Holder's Royalty Incomes made on multiple releases and/or from various sources such as music publishing royalties, ticket sales, merchandising, etc.
How works the Cross-Collateralization feature?
In Reprtoir, The "Cross-Collateralization" feature allows the creation of groups of Contracts to Cross-Collaterize the Recoupment of Expenses between these Contracts — instead of recovering Expenses individually on a Contract-by-Contract basis which is the default Recoupment method in Reprtoir.
Cross-Collateralizations List
Where can find the Cross-Collateralization List?
To display the Cross-Collateralizations list, To display the Contracts Money In list, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Legal" section, and click on the "Cross-Collateralization" list.
The Cross-Collateralization List displays several columns by default, including:
| Column Name | Instructions |
|---|---|
| Name * | The name of the Cross-Collateralization Contract (Mandatory) |
| Rights-Holder | |
| Money Out Contract | |
| Minimum Payout | |
| Creation Date | The Creation Date of the Cross-Collateralization Contract. |
You can add or remove additional columns using the optional Custom Columns feature.
Adding a Contract Group for Cross-Collateralization
To create a Contract Group for Cross-Collateralization, go to the navigation menu located at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Legal" section, and click on the "Cross-Collaterizations" list.
At the top right of the list, click the orange "New Contract Group" button.
A pop-up window will open to enter the necessary data for the new Contract Group:
Details Tab
| Fields | Instructions |
|---|---|
| Contract Group Name * | Enter the Contract Group's Name |
| Rights-Holder (Contact/Company) * | Select a Rights-Holder (Contact or Company) |
| Contracts | Select at least two Contracts to group |
| Minimum Payout | Define a Minimum payout for this group of Contracts (When creating a Contract Group, the minimum payout of each Contract does not apply, but you can enter a minimum payout for the Cross Collateralization) |
Once filled in, to save the new Contract Group, click the orange "Save" button at the bottom right of the pop-up window. The new Contract Group will be displayed in the "Cross-Collaterizations" list.
Click the grey "Cancel" button to cancel the action.
Editing a Contract Group
To edit a Contract Group for Cross-Collateralization (or several at a time), go to the navigation menu located at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Legal" section, and click on the "Cross-Collaterizations" list.
Select one or more Contract Groups in the list, point them, and right-click (or click on the three dots icon on the right side of the line when you hover it) and then click on the "Edit" action in the opened contextual menu.
Deleting Contract Groups in bulk
To delete Contract Groups for Cross-Collateralization in bulk, go to the navigation menu located at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Legal" section, and click on the "Cross-Collaterizations" list.
Select one or more Contract Groups in the list, right-click (or, when hovering over the Tracks, click on the three dots on the right side), and then click on the "Delete" action in the opened contextual menu.
This will open a pop-up browser alert at the top of the Workspace.
To stop the action, click the "Cancel" button.
Click on the "OK" button to confirm the deletion.
Updated about 1 year ago