2.7 Default Broker Details

This topic explains the Default Broker Details of Create Entity screen.

1. On Create Entity screen, click Default Broker Details tab to maintain the following Default Broker details.
   The Default Broker Details screen is displayed.

   Figure 2-9 Default Broker Details

   
   

   
   Description of "Figure 2-9 Default Broker Details"

   
   
2. On the Default Broker Details screen, click Add icon to specify the fields.
   For more information on fields, refer to the field description table.

   Table 2-8 Default Broker Details - Field Description.

   Field	Description
   Transaction Type	Alphanumeric;20 Characters; Mandatory Indicate the type of transaction for which you are specifying the broker details defaulting preferences. You can specify the defaulting preferences for IPO Subscription, Subscription, Redemption, Switch, Transfer and Reinvestment type of transaction.
   Broker Defaulting Mechanism	Alphanumeric; 3 Characters; Optional Specify the defaulting preferences for broker details for the AMC. The following options are available in the list: No Defaulting – Broker details will not be defaulted to DIRECT. Last Transaction Broker – If the user does not have any transaction in that fund, then system looks for the immediate last transaction (based on the authorized time stored with he system). If the user has not done any transaction, system will default the default intermediary of the unit holder. While defaulting, if one of the Brokers is disabled, system will default from the unit holder. If the broker is disabled at the unit holder level as well then system will default to DIRECT. Split Percentage – This is applicable only Reinvestment type of transactions. System tracks the holdings per broker. During re-investment generation, system will use these brokers as the reinvestment transaction’s intermediaries with the appropriate ratio. While defaulting, if one of the Brokers is disabled, system will default from the unit holder. If the broker is disabled at the unit holder level as well then system will default to DIRECT. Default Broker – Broker maintained at the unit holder will be defaulted. If the broker is disabled at the unit holder level as well then system will default to DIRECT. Note: You can view the Defaulting of Broker Details Section provided the client country Parameter TXNBROKERS is set to True for the installation in your bank.