1.12.3 Authorize Dividend Reversal / Amendment

This topic provides the systematic instructions to authorize Dividend Reversal / Amendment.

After a processed dividend has been reversed or amended for specific unit holders, the reversal or amendment must be authorized in order to come into effect. The authorization can be effected through the Selected UH Dividend Reversal/Amendment screen, as follows:

1. Select Authorize in the Action List.
2. Select the ID or ISIN code of the fund for which the reversal / amendment entered for the last processed dividend, for specific unit holders, is being authorized.
3. Select the corporate action that resulted in the processed dividend for which a reversal / amendment is being authorized.
4. When you select the fund and the corporate action, the payment number of the last processed dividend for the selected combination is displayed.
   The dividend reference number is also displayed.
5. The details of the amendment / reversal, such as whether recalculation of freeze holdings was opted for, as well as whether generation of reinvestments in respect of the amended / reversed dividend was opted for, are also displayed.
6. Clicking the list box in the Unit Holder Details field.
   The specific unit holders for which the reversal / amendment is applicable, can also be viewed through the Unit Holder Selection screen.
7. Select Authorize option to authorize the reversal / amendment.
8. Click Execute Now to execute the authorization online, or click Submit to execute the authorization as an asynchronous process.