1.1.11 Split Allocation

This topic provides information on split allocation.

Select the option Split in the Transaction Type of Allocation Detail screen to trigger the allocation of unallotted split transactions on a business day.

Refer Workflow of Allocation Process for executing the allocation process.

For more information on Split allocation, refer to the field description table.

Table 1-10 Split Allocation

Split Allocation	Description
Certificate details	The certificate numbers and DNR numbers are also affected by the split transaction. The certificates are issued based on the certificate denomination details as defined in the fund rules or as requested by the unit holder. Now the single certificate will be split into multiple ones based on the denomination.
Reflection of allocated units in the system database	If the split transaction is successfully allocated through this menu item, the changes are reflected in the following data stores in the database: The unit holder counter updating for split transactions for the fund The fund transaction counter updating for split transactions Loads (fee/incentive) between the various entities (fund manager - broker, unit holder, agent, etc.) are logged Fund certificate details updating, if the transaction is scrip based If any of these counter limits is exceeded or if any of the fund rules set up at the Fund Manager are violated then an error is logged against the split transaction. Confirmation of the split transaction is made after the allocation is successfully completed.

Note:

Amendment of a split transaction is not allowed.