2.10 Escheatment Tracking

This topic provides information on escheatment tracking.

Tracking Escheatment Process

Escheatment Tracking is the process by which a unit holder who is inaccessible is located. In such a case, the contact information of the unit holder does not reflect the current location, which is not known. In such a case, an Stop Code must be assigned to the unit holder account, and certain stop instructions are also placed on the account.

To assign an Stop Code for escheatment tracking, you must perform an information change on the unit holder account. In the Client Preferences section, select the appropriate Stop Code in the Stop Code field.

The implications of assigning either an IRS Notification or an Stop Code to the account are shown below:

Table 2-36 Implications of assigning IRS Notification or Stop Code

Account Characteristics (in Client Preferences)	Value	Inflow	Outflow	Standing Instructions Status	Tax	Dividend payment
Stop code	StopCode1	Allowed	Not allowed	Paused	Based on TDS	Based on Income Distribution Setup
Stop code	StopCode2	Not allowed	Not allowed	Paused	Tax deducted	Reinvestment
IRS notification	Incorrect reporting of Tax ID	Allowed	Not allowed	-	Tax deducted	Reinvestment only
IRS Notification	Under Reporting	Allowed	Not allowed	-	Tax deducted	Reinvestment only

For an IRS Notification or Stop Code, you must specify the date up to which the stop status on the account will prevail. The BOD process on the next business date after this date will unlock the account and revoke its frozen status.

In case of multiple stop codes mapped to the Unit Holder as per below scenario where both Forced Dividend Reinvestment and Forced Dividend Payout are Applicable then Forced Dividend Reinvestment will have preference over Forced Dividend Payout.

Table 2-37 Stop Code and Restriction

Stop Code	Restriction
Stop Code 1	Forced Dividend Reinvestment - Applicable
Stop Code 2	Forced Dividend Payment – Applicable

In case of multiple stop codes mapped to the unit holder as per below scenario where both Forced Dividend Reinvestment and Forced Dividend Payout are Not Applicable then system will consider the UH IDS and if no UH IDS available for the UH, then system will consider the fund.

Table 2-38 Stop Code and Restriction

Stop Code	Restriction
Stop Code 1	Forced Dividend Reinvestment - Not Applicable
Stop Code 2	Forced Dividend Payment – Not Applicable