3.43 Process Fund Capital Call Detail

This topic provides the instructions to invoke capital call detail screen details.

You can capture the capital call details of the fund using Fund Capital Call Detail screen. which will be used to capture capital call funds maintained in the Fund Rule screen. For a capital call fund, Hedge fund should be set as Yes and Hedge fund type should be set as Capital Call.

It is available in FMG module and supports multiple capital call maintenance. In case multiple calls are to be made, user can amend the record and add new call details under capital call details.

  1. On Home screen, type UTDFNDCC in the text box and click Next.
    The Fund Capital Call Detail screen is displayed.

    Figure 3-55 Fund Capital Call Detail - Capital Call Details


    Description of Figure 3-55 follows
    Description of "Figure 3-55 Fund Capital Call Detail - Capital Call Details"

    Figure 3-56 Fund Capital Call Detail - Other Details


    Description of Figure 3-56 follows
    Description of "Figure 3-56 Fund Capital Call Detail - Other Details"

  2. Select New from the Actions menu in the Application tool bar or click New icon to enter the details.
  3. On Fund Capital Call Detail screen, specify the fields.

    Gateway and REST features are supported. The operations supported are New, Delete, Edit, Authorize and Amend. Post First time Authorization, user cannot delete a record from Fund Capital Call tab.

    In case multiple calls are to be made, user can amend the record and add new call details under capital call details.

    Closing call Start Date and End date should not be a Fund Holiday.

    For more information on fields in the screen, refer the below table.

    Table 3-78 Fund Capital Call Detail

    Field Description
    Fund ID Alphanumeric; 6 Characters; Mandatory

    Specify the fund ID which lists all the capital call funds available in the system. Alternatively, you can select Fund ID from the option list. The list displays all fund IDs which are maintained in the fund rule maintenance as capital call in Hedge Fund Type.

    Computation Method Mandatory

    Specify the Computation Method from the drop-down list and the default value displayed is LIFO_EQ. The list displays the following values:

    • LIFO_EQ
    • FIFO
    Minimum Commitment Amount Numeric; Mandatory

    Specify the minimum commitment amount for investor commitment on the fund.
    Fund Name Display

    The system displays the name of the selected Fund ID.

    No of Investors Allowed Numeric; Mandatory

    Specify the maximum number of Investors or unitholders allowed for commitment into the fund.
    Capital call Purpose Alphanumeric; 255 Characters; Optional

    Specify the Fund capital call Purpose in the field.
    Transaction Date Basis Mandatory

    Specify the Transaction Date Basis from the drop-down list and the default value displayed is Clearing Date. The list displays the following values:

    • Clearing Date
    • Closing Date

    The transaction date for the system generated transactions will be derived as Tranche Clearing Date/Tranche Closing Date based on the selected Clearing Date/Closing Date option in Transaction Date Basis.

    Notice Period Mandatory

    Specify the notice period for tranches in the fund.
    Capital Currency Display

    The system displays the fund base currency.

    Capital Call Details

    Table 3-79 Fund Capital Call Detail

    Field Description
    Closing Call Number Numeric; Mandatory

    Closing call Number should be a numeric value and it should be maintained in ascending order.

    Specify the closing call number.
    Start Date Mandatory

    Specify the Start Date of the closing call.
    End Date Mandatory

    Specify the End Date of the closing call.
    Total Amount Numeric; Mandatory

    Specify the total capital of the call.
    Status Display

    The status of the fund displayed as default is Open. It can have the following values:

    • Open
    • Closed

    Note: When End date of the call is reached, the Status of Call will be changed from Open to Closed as part of FMG EOD.

    Other Details

    Table 3-80 Fund Capital Call Detail

    Field Description
    Total Capital Display

    Total capital is read only, and Sum of Total called amount entered in grid will be displayed on the field.

    It displays the total capital of the fund.
    Capital Called Display

    Capital called is derived as Sum of the amount of Cleared capital call Tranche transactions and is read Only.

    It displays the capital called of the fund
    Capital Uncalled Display

    Capital Uncalled is derived as Total capital – Capital called and is read Only.

    It displays the capital uncalled of the fund.
    Percentage Called Display

    Percentage called is computed as = (Capital called/ Total capital)*100

    It displays the percentage called of the fund.
    Number of Investors Available Display

    Display It displays the number of investors allowed.
    Number of Tranches Made Display

    It displays the number of tranches made for the fund.

Parent topic: Other Fund Activities