2.1.22 Fund Price Currencies

This topic provides information on fund price currencies button.

If the fund created is a currency of expression fund then you can maintain the fund price currencies along with the general operating and transaction processing limits for each fund price currencies.

1. Click Fund Price Currencies button in Fund Rules Details screen.
   The Fund Price Currency screen is displayed.

   Figure 2-43 Fund Price Currency

   
   

   
   Description of "Figure 2-43 Fund Price Currency"

   
   
2. On Fund Price Currency screen, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 2-83 Fund Price Currency

   Fields	Description
   Fund ID	Display The system displays the fund ID for which the fund price currency is being maintained.
   Rule Effective Date	Display The system displays the rule effective date of the fund.

   You can maintain the allowed list of currencies for the fund.

   Table 2-84 Fund Price Currency

   Fields	Description
   Currency Code	Alphanumeric; 3 Characters; Mandatory Specify the currency code which is added as fund price currency
   Currency Description	Display The system displays the description for the specified currency code.

   You can maintain the holding amount limit validation for the fund price currency added.

   Table 2-85 General Operating Rules

   Fields	Description
   Minimum Holding Amount	Numeric; 18 Characters; Optional Specify the Minimum Holding Amount.

   You can maintain the minimum and maximum amount limits for the transaction types for the fund price currency added.

   Table 2-86 Transaction Processing Rules

   Fields	Description
   Transaction Type	Alphanumeric; 2 Characters; Optional Specify the transaction type for which the amount limitations are to be maintained. Alternatively, you can select the transaction type from the option list. The list displays all the valid transaction type maintained in the system. The system allows the following list of transactions types: IPO Subscriptions Redemptions Switch (normal and pseudo) Transfers not allowed as part of this list.
   Transaction Type Description	Display The system displays the description for the selected transaction type.
   Minimum Amount	Numeric; 18 Characters; Optional Specify the minimum amount limit for the currency selected.
   Maximum Amount	Numeric; 18 Characters; Optional Specify the maximum amount limit for the currency selected.
   Step Amount	Numeric; 18 Characters; Optional Specify the step amount for the currency.
   Initial Min. Transaction Amount	Numeric; 18 Characters; Optional Specify the minimum initial amount limit.
   Initial Max. Transaction Amount	Numeric; 18 Characters; Optional Specify the maximum initial amount limit.

   On saving the fund rule,

   • The currency field (list of values) in FPC TAB will list all currencies except the fund base currency. Fund base currency will not be present in the option list
   • If there is any fund price currencies maintained then the system will default the Currency of Expression Fund field value to Yes in the fund demographics.
   • If a Currency of Expression fund is amended and the FPC maintenance is deleted then the system will default the Currency of Expression fund value to No in the fund demographics.
   • The Currency of Expression checks further will not happen for this fund from the rule effective date. The system will display a warning message as Fund price currencies maintained for the fund is being deleted.

   During the Pre EOD check, the system will check if the price in fund price currencies are maintained for the day. If the system does not find the Price in currency of expression, then the transaction entered in currency of expression will not be allotted.