1.12.2 Reversal of Dividend Payments for Specific Unit Holders

This topic provides the systematic instructions to reverse of Dividend Payments for Specific Unit Holders.

In the Selected UH Dividend Reversal/Amendment screen, you can reverse a dividend payment for specific unit holders as follows:

1. Select Reverse in the Operation field.
2. Select the ID or ISIN code of the fund for which you are reversing the last processed dividend.
3. Select the corporate action that resulted in the processed dividend that is being reversed.
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. The freeze holdings information in respect of the dividend being reversed is recomputed for the selected unit holders.
5. Click the list box in the Unit Holder Details field to select the specific unit holders for whom the reversal of the processed dividend must apply.
   The Unit Holder Selection screen is opened, where you can select the specific unit holders.
6. Save your changes after you have made the specifications listed above and selected the specific unit holders.
7. You can effect the reversal through the Dividend Reversal/Reprocess screen. The dividend reversal would apply only to those specific unit holders selected in the Selected UH Dividend Reversal / Amendment maintenance.
   After a reversal of a processed dividend has been entered as described above, it must be authorized in order to come into effect.