4.8 Process Group Load Mapping Detail

This topic provides the instructions to invoke group load mapping screen details.

To designate different fees or incentives that are levied during the processing of transactions, as applicable for transactions in funds of specific load groups, use the Group Load Mapping Detail Screen.

  1. On Home screen, type UTDLDGRP in the text box and click Next.
    The Group Load Mapping Detail screen is displayed.

    Figure 4-6 Group Load Mapping Detail


    Description of Figure 4-6 follows
    Description of "Figure 4-6 Group Load Mapping Detail"

  2. Select New from the Actions menu in the Application tool bar or click New icon to enter the details of the group load.

    A simple mapping can be done where the appropriate fees or incentives, called loads in the system, may be tagged as applicable to the appropriate transaction types for all funds in the appropriate load groups.

    You can also designate the loads as applicable to certain reference types of transactions, such as standing instructions, policy transactions in funds of the load group and so on.

    Before you set up a Group Load mapping profile record for a load group, it is desirable to ensure that the following information is already setup in the system:

    • Any of the funds in the load group already has an existing, unauthorized Fund Demographics profile record.
    • Any of the funds in the load group already has an existing, unauthorized Shares Characteristics profile record.
    • Any of the funds in the load group already has an existing, unauthorized Transaction Processing Rules profile record for the appropriate Transaction Type.
    • The fees/incentives (Loads) that are to be applied must already have been identified in the system and have existing, authorized profiles as maintained in the Loads Maintenance.
    • It must be remembered that, while mapping a load to a reference transaction type, the system does not support the mapping of the Ref Type 68 (Funding Repayment) to any load.
  3. On Group Load Mapping Detail screen, specify the fields.
    For more information on fields in the screen, refer the below table.

    Table 4-8 Group Load Mapping Detail

    Field Description
    Group ID Alphanumeric; 6 Characters; Mandatory

    Select the ID of the load group for which the group load mapping profile is being set up, from the options provided.
    Rule Effective Date Date Format; Mandatory

    Specify the Rule Effective Date for the load group for which the group load mapping profile is being set up.
    Transaction Type Mandatory

    This is to indicate the transaction type for which the loads are being defined. Select the Transaction Type from the list given in the drop-down list. The list displays the following values:

    • IPO Subscription
    • Subscription
    • Redemption
    • Switch From
    • Transfer
    • Block
    • Unblock
    • Consolidation
    • Split
    • Reissue
    • Switch To
    Load ID Numeric; 5 Characters; Mandatory

    Specify the name of the Load (fee/incentive) that must be applied for the selected Load Group. You may make your choice from the options provided in the drop-down list.

    Load To Price Mandatory

    Select Yes from drop-down list to indicate that this load is to be loaded to the base price.

    Priority Number Numeric; 5 Characters; Mandatory

    Enter a value to specify the priority number in case of optional loads.

    For a mandatory load, the priority number is set to 0 and for an optional load the priority number should be unique i.e. for a given load group, no more than one load can have the same priority number.
    From Entity Type Alphanumeric; 1 Character; Mandatory

    Specify the entity that bears this load.

    To Entity Type Alphanumeric; 1 Character; Mandatory

    Specify the entity that will be recipients of the load.
    Processing Frequency Alphanumeric; 1 Character; Mandatory

    Specify the Processing Frequency.

    Mandatory Mandatory

    Select Mandatory or Optional to specify whether the load is mandatory or optional, from the drop-down list.

    VAT Applicable Mandatory

    Select Yes from drop-down list to indicate that the Load to Price is applicable. Therefore VAT Load to Price is dependent on Load to Price.

    Contra Account Code Alphanumeric, 10 Characters; Optional

    Specify the code that will be used to identify the second leg of accounting entries for any transaction, in the event of exporting of transaction information to an external system.
    Debit or Credit Optional

    Indicate whether the applied load would result in a debit or credit for the funds in the load group from the drop-down list. The list displays the following values:

    • Debit
    • Credit

    This data is captured for information purposes only and has no processing implications in the system database. This is to be used in case of an interface with an Asset Management system where details for calculation of NAV would need to be uploaded.
    GL Account Code Alphanumeric; 10 Characters; Optional

    Specify the code that will be used to map this load to its corresponding charge code in the external system.

    When transaction information is exported to an external system, if separate books of accounts are to be posted for different loads, this code will be used to identify this load information in the export data.
    Send for GL Interface Mandatory

    Select Yes from drop-down list to indicate that accounting entries due only to the selected load must be posted to the external asset management system, for the load group.

    Slab Basis Optional

    Select the basis on which the slabs will be reckoned for an amount-based load that you are designating as applicable for the load group. You can indicate that the slabs must be reckoned on a gross amount or a net. You can select one of the values from the drop-down list:

    • Gross Amount
    • Net Amount
    • Weighted Average Cost
    Differential Fee Mandatory

    Select Yes from the drop-down list to indicate that the differential fee in the case of switch transactions for any fund is to be applicable, for the load group.

    Round Off/Down/Up Optional

    Select the rounding options for the load amount for the selected Transaction Type from the drop-down list, for the load group.

    • Choose Round Up to indicate rounding the value at the precision decimal place to the next higher numeral.
    • Choose Round Off to indicate normal rounding at the precision decimal.
    • Choose Round Down to indicate truncation of the value at the precision decimal place.

    Example

    Let us suppose that the load amount computed for a subscription transaction is 10.561234, and that this value must be rounded to the 3rd decimal place.

    If you indicate rounding up, then the value reckoned would be 10.562.

    If you indicate rounding off, then, applying normal rounding off rules, the value reckoned would be 10.561.

    If you indicate rounding down or truncation, then the value would be truncated as it is, in the 3rd decimal place, and it would be reckoned as 10.561.
    Number of Decimals Numeric; 1 Character; Mandatory

    Specify the maximum number of decimals that would be reckoned for rounding precision, for the load amount.
    Price Addin Mandatory

    Select Yes from drop-down list to indicate that the add-in factor is to be applicable for computing the return value for the load, for the selected Transaction Type. The add-in factor is used to arrive at the return value for a load, at the time of allocation.

    Indexation on CGT Optional

    Select Yes from drop-down list to indicate that the indexation of CGT is applicable for the selected transaction type.

    For more information, refer the topic Allocation Process in the Allocation User Manual.

    Available Reference Type

    Table 4-9 Group Load Mapping Detail

    Field Description
    Ref Type Alphanumeric; 2 Characters; Mandatory

    Specify the Ref Type.

    Reftype Description Display

    The system displays the description for the selected Ref Type.

Parent topic: Load Groups Setting