1.16.1 Details for Dividend Mock Processing

This topic provides information on details for Dividend Mock Processing.

Mock Processing for Processed Dividends

You must also specify whether the mock processing is for a dividend in respect of which payment has already been processed, or one for which it has not been processed. To mock process a dividend for which the payment has been processed, check the Project Amendment box.

You must also specify the payment number of the dividend for which the changed values of EPU (or stock ratio) would apply, for the mock processing, in the FCIS Payment Number field.

Dividend Details

If Income Distribution Rules have been defined for the fund that you have selected, the following specifications for the dividend are defaulted and displayed:
  • Whether dividend must be paid out during redemption, for the selected fund, for the dividend.
  • Whether the dividend being mock processed is a special dividend.
  • The default dividend distribution mode for the fund (payment by check, account transfer or reinvestment).
  • Number of decimals for dividend
  • Whether the dividend must be rounded off, truncated
  • TDS basis
  • Exchange rate source for dividend, for the fund
  • Whether NPI is applicable for the fund
  • The default payment option, for the fund, for the NPI component
  • Whether the NPI preferences for the fund should override the preferences setup for the investor
  • Whether the NPI from un-cleared balances must be forcibly reinvested (Force reinvestment, No preference)
  • Distribution Type as interest, dividend, or property income distribution

If no Income Distribution Rules have been defined, you can make these specifications for the selected fund, for which you want to mock process a dividend, in this screen.

Refer to the topic Set up Fund Rules for details about these specifications in the Fund Manager User Manual.

Provide the following projected details to perform the mock processing, just as you would during normal dividend processing.
  • Threshold limit
  • Date of payment
  • Value date
  • Dividend number
  • Earnings Per Unit (EPU) for cash dividends. You can provide the EPU Based on Components. You can also specify any EPU reporting components.
  • If the components are not applicable for EPU and the fund is NPI applicable, then value of the NPI portion of the EPU.
  • Stock Ratio for stock dividends
  • Exchange rate date
  • Ex-distribution NAV date
  • Freeze holdings date
  • Dividend declare date
  • Any applicable remarks, as free format text, in the Remarks field.

Note:

If the fund is a dividend equalization fund, you can specify an Equalization Rate that would be applied to the G2 units.

Refer topic G1-G2 Conversion Details for more details on dividend equalization.

Parent topic: Process Mock Dividend Detail