1.14 Process Share Class Bulk Conversion

This topic provides the instructions to process share class bulk conversion screen details.

You can specify the fund ID and all the unit holders in the fund will be considered by default for conversion. You can also specify the unit holders to be included or excluded from the conversion. If no list is maintained, then all unit holders will be included, if include list is maintained, only specified unit holders will be included and if exclude list is maintained specified unit holders will be excluded.

Upon authorization of the entry, the system will internally create one conversion transaction for each unit holder and fund combination. A separate reftype (SB) under Switch transaction type will be used for Bulk conversion transactions.

You can maintain Share Class Bulk Conversion details using Share Class Conversion - Bulk screen.

1. On Home screen, type UTDSCBLK in the text box and click Next.
   The Share Class Conversion Bulk Detail screen is displayed.

   Figure 1-14 Share Class Conversion Bulk Detail

   
   

   
   Description of "Figure 1-14 Share Class Conversion Bulk Detail"

   
   
2. Select New from the Actions menu in the Application tool bar or click New icon to enter the details of the Mapping.
3. On Share Class Conversion Bulk Detail screen, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 1-9 Share Class Conversion - Bulk Detail

   Field	Description
   From Fund ID	Alphanumeric; 6 Characters; Mandatory Specify the From Fund ID. You can also select the From Fund ID from the adjoining option list.
   From Fund Name	Display The system displays the From Fund Name details for the selected From Fund ID.
   To Fund ID	Alphanumeric; 6 Characters; Mandatory Specify the To Fund ID. You can also select the To Fund ID from the adjoining option list. During transaction, if any To fund is not maintained at the fund level of From Fund then the system will display the following error message as To Fund is not specified for conversion. Note: In GTA setup and in Normal switch with reftype SB Case. In AGY without cross branching, fields funfd ID and To und ID can have funds selected within same segment. In AGY with cross branching, fields fund ID and To fund ID can have funds select\u0002ed across segments.
   To Fund Name	Display The system displays the To Fund Name for the selected To Fund ID.
   Conversion Date	Date Format; Mandatory Specify the Conversion Date.
   Reference Number	Display The system displays the conversion reference number.
   Restrictive List	Optional Select the appropriate value from the drop down list to include or exclude the list of unit holders for conversion: Include Exclude
   Transaction Category	Optional Select the transaction category from the following list of drop down values: Advised Business Execution Only Legacy

   Table 1-10 Share Class Conversion - Bulk Detail - Share Class Conversion

   Field	Description
   Unit Holder ID	Alphanumeric; 12 Characters; Optional Specify the Unit Holder ID. You can query for unit holder ID by clicking Find UH button.
   Unit Holder Name	Display The system displays the unit holder name.

   On authorization of the transaction, the system will do conversion for Bulk transactions. All the bulk conversion transaction can be captured and authorized without the conversion factor but only will be unitized once the conversion factor is available. While conversion, if a rounding difference of units occurs, then this will be handled manually.

   The system will move the G1/G2 balance of From Fund proportionately based on conversion factor to To fund.

   If any SI/IDS are maintained in the system against unit holder accounts, you need to manually update or disable the SI as well as IDS details. The system will not carry forward the SI, Deal or IDS details of From Fund to To Fund. If for a UH, both Ad-hoc and Bulk conversion is entered then only one transaction will be considered for conversion, whichever is authorized first (Ad-hoc/Bulk).

   If a bulk conversion is entered for the fund, the system will not allow any inflow transactions but outflow transactions will be allowed. However, system generated transactions will be allowed for inflow transactions.

   The system will do a duplicate transaction check for a combination of transaction date, unit holder ID, from fund and to fund combination and if a similar transactions exists, then the system will display the message as Similar transaction exists for the Unit holder. Do you wish to continue?.