3.33.6.1 Maintain Details for Liquidation

This topic provides information on maintaining details for liquidation details.

For fund liquidations, you must maintain the details mentioned below in the Corporate Actions Maintenance Detail screen. Select the Liquidation option in the Corporate Action Type field.

• Date of liquidation
• ID and ISIN code of the fund that is being liquidated
• Price at which the fund will be liquidated
• Lot size. When you specify the lot size, the liquidation price per lot is computed by the system.
• Whether the liquidation date must be moved forward or backward, if it falls on a holiday.
• Payment lag, if any, for the liquidation.
• Threshold amount.
• Whether or not the liquidation process must be automatically initiated on the liquidation date (the Beginning of Day processes initiate the liquidation process in the system, if automatic initiation is specified).
• The book closing period that signifies the dates between which transactions into the fund are suspended for processing the liquidation.
• The exchange rate source applicable and the exchange rate date.