6.1.3 Transaction Preferences Tab

This topic explains the Transaction Preferences tab of Create Branch Preferences screen.

1. On Create Branch Preferences screen, click Transaction Preferences tab to enter the following details.
   The Transaction Preferences details are displayed.

   Figure 6-4 Transaction Preferences

   
   

   
   Description of "Figure 6-4 Transaction Preferences"

   
   
2. On the Transaction Preferences tab, specify the fields.
   For more information on fields, refer to the field description table.

   Table 6-4 Transaction Preferences - Field Description.

   Field	Description
   Check Validity Period	Numeric; 22 Characters; Optional Enter the number of months for which a Check is valid, by default during transactions.
   VAT Percent	Numeric; 5 Characters; Optional Displays the default value for Value Added Tax (VAT) Percentage.
   Amend Period	Numeric; 22 Characters; Optional Enter the default Amendment period for the Fund Rule/Transactions.
   Source ID	Alphanumeric; 6 Characters; Optional From the list, select the default exchange rate source for the AMC.
   EUSD Options	Optional Select the default EUSD (European Union Savings Directive) option for the segment. The options available are: WithHoldingTax (WHT): EUSD tax is computed and deducted Exchangeof Information (EOI): EUSD tax is computed but not deducted TaxExemption Certificate (TEC): EUSD tax is computed but not deducted By default, the option is left unchecked. If you do not indicate any EUSD option, then EUSD option will not be applicable for the segment. Note: This functionality is applicable only for the Fund Manager branch.
   Settlement Level	Optional Indicate whether the payment amount must be compared with the fund base currency amount or the transaction currency amount from the drop-down list while processing transaction settlements.
   Mode of Payment	Alphanumeric; 1 Characters; Optional Enter Cash, Check or Transfer as the Payment Mode to default during Transaction data entry.
   Redemption Mode	Optional Enter Amount or Units as the Redemption Mode to default during transaction acceptance
   System General Reference Number	Mandatory Select if System Generated Reference Number is required or not from the On/Off Switch. On - The Reference Number for all the transactions will also be generated by the system. Off - The Reference Number must be specified at the time of entering the transaction.
   Auto Clear Reinvestments	1 Character Maximum, Alphanumeric, Mandatory Indicate whether 100% outflow transactions include freeze held and reinvestment units. You can specify any of the following options: Option not allowed:Freeze held/reinvestment units should not be considered while processing 100% outflow transactions. Allowed– Default checked: Freeze held/reinvestment units should be considered while processing 100% outflow transactions by default. Allowed– Default unchecked: Freeze held/reinvestment units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.
   Auto Clear Provisional Balance	Mandatory Indicate whether 100% outflow transactions include provisionally allotted units. You can specify any of the following options: Option not allowed: Provisionally allotted units should not be considered while processing 100% outflow transactions. Allowed– Default checked:Provisionally allotted units should be considered while processing 100% outflow transactions by default. Allowed– Default unchecked:Provisionally allotted units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.
   Default Time Zone	Alphanumeric; 12 Characters; Mandatory; Non-amendable Select the default time zone from the values available. All time zones user maintained through the Time Zone Maintenance screen are displayed in the option list.