1.19 Process CIF Conversion Execution

This topic provides the systematic instructions to move the CIF from Source branch to Destination Branch and also transferring holdings of Underlying UH from Source AGY module ID to Destination AGY module ID.

CIF Conversion involves moving the CIF from Source branch to Destination Branch and also transferring holdings of Underlying UH from Source AGY module ID to Destination AGY module ID. This screen is used to trigger CIF conversion process.

1. On Home screen, type UTDCIFEX in the text box, and click Next.
   The CIF Conversion Execution screen is displayed.

   Figure 1-30 CIF Conversion Execution

   
   

   
   Description of "Figure 1-30 CIF Conversion Execution"

   
   
2. On CIF Conversion Execution screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-26 CIF Conversion Execution - Field Description

   Field	Description
   Reference Number	Alphanumeric; 16 Characters; Optional Specify the reference number of the CIF conversion maintenance for the customer.
   From AGY Module ID	Optional Specify the current module ID of the CIF.
   Process	Select if records to be processed or not from the drop-down list. The list displays the following values: Yes No
   CIF Number	Alphanumeric; 9 Characters; Optional Specify the CIF number of the unit holder.
   To AGY Module ID	Optional Specify the target Module ID. Alternatively, you can select the Module ID from the option list. The list displays all valid Module IDs maintained in the system.

3. Click Populate button. You can specify any of the above filter criteria.
4. CIF conversion records having status as Ready for Conversion and Conversion Failure will be eligible for listing in this screen.
   The following values are displayed:

   • Reference Number
   • CIF Number
   • CIF Name
   • From AGY Module ID
   • To AGY Module ID
   • Process
5. User needs to select the Process as Yes for at least one record before clicking Submit button.

Process flow in CIF Conversion Execution screen

On click of Submit button in CIF Conversion Execution screen, below is the process flows:

6. Calculate Transaction wise Unutilized balances to be carried forward to To AGY Module ID.
   • At the high-level, transactions are grouped at LinkTransactionNumber and LinkTransactionDate to derive Unutilized balance.
   • Additional Grouping criteria are derived based on one or more parameter like Aging Policy, RDR category, Unit classification and Hierarchy Intermediaries, etc.,
7. Post Adjustment Subscription for newly created UH in To AGY Module ID and allocation entries also.
8. Post Adjustment Redemption in From AGY Module ID for Unutilized balances and allocation entries.
9. Unprocessed Limit order transactions will be marked as canceled in the source branch.
10. Unprocessed dividend records in which freeze-holding is completed at source branch, will be processed for the corresponding unitholders mapped at the destination branch module.
11. For equalization enabled funds, source branch equalization details(G1 units and G2 units) will be carried forward to the respective transactions of destination branch.
12. The ISA Limit utilization details for the source branch investor will be carried forward to the respective investor account created in the destination branch.
13. Newly created unitholders in To AGY Module ID will be linked to the promoted CIF.
14. Close the From AGY Module ID unitholder linked to CIF with remarks CIF Conversion.
15. CIF will be Linked to To AGY Module ID.
16. Grant CIF Accessibility to From AGY Module ID on promoted CIF(Reverse Mapping).
17. On successful completion of CIF Conversion, the system will update status to Conversion Success.
18. In case of failures during CIF Conversion, the system will update status to Conversion Failure.

    Note:

    • CIF Conversion Subscription transaction will have Transaction Type as 02 and Ref Type as 93.
    • CIF Conversion Redemption transaction will have Transaction Type as 03 and Ref Type as 93.