3.13.6 Pre-Settled Trade

This topic provides information on pre-settled trade tab.

You can maintain transaction fund which works on clear fund concept are called pre-settled trade. i.e.,settlement date or clearing date is prior to the transaction date.

1. Click the Pre-Settled Trade tab in Fund Preference Maintenance screen.
   The Pre-Settled Trade details are displayed in the Fund Preference Maintenance screen.

   Figure 3-21 Fund Preference Maintenance - Pre-Settled Trade

   
   

   
   Description of "Figure 3-21 Fund Preference Maintenance - Pre-Settled Trade"

   
   
2. On the Pre-Settled Trade tab, specify the fields.
   For more information on fields in the screen, refer the below table.

   Table 3-32 Fund Preference Maintenance - Pre-Settled Trade

   Field	Description
   Transaction Type	Alphanumeric; 2 Characters; Mandatory Specify the Transaction Type. Alternatively, you can select Transaction Type from option list. The list display all valid transaction type maintained in the system. The transaction types applicable are: Subscription Redemption
   Notice Period	Numeric; 3 Characters; Mandatory Specify the value of the Notice Period.
   Calendar Basis	Alphanumeric; 1 Character; Optional Specify the Calender Basis. Alternatively, you can select Calender Basis from the option list. The list displays all valid options available in the system. The options available are: Fund Calendar Actual Calendar
   Due Lag	Numeric; 3 Characters; Optional Specify the Due Lag. This will be used to derive the Settlement Due Date from Price Date for the transaction.

   Error Messages for Pre-Settled Trade

   Table 3-33 Error Messages for Pre-Settled Trade

   Validation	Type	Error code	Error Message
   When user tries to enter Pre-Settled Trade details whereas fund is not applicable for Pre-Settled Trade, system will prompt an error.	E	E-PRESETTLEFND	Pre-Settled Trade details are not applicable for the Fund.
   When user has not entered Pre-Settled Trade details whereas fund is applicable for Pre-Settled Trade, system will raise an error.	E	E-PRESETTLEFNDMAN	Pre-Settled Trade details are Mandatory
   When user tries to maintain for transaction type which is not available Transaction processing Rules in Fund Rule.	E	E -INVTRANSACTION TYPE	Mismatch in transacion type maintained in Fund Rule and Pre-Settled Trade Tab
   When user tries to enter Notice Period value as 0.	W	W-NOTCPERIOD	Notice Period is maintained as 0
   When user enters Due lag value as 0.	W	W-DUELAG	Due Lag is maintained as 0.