2.1.7 Transaction Processing Rules Button

This topic provides information on transaction processing rules button.

This fund rule lays down the guidelines according to which transactions of each transaction type will be processed for each fund. These guidelines include the following:

  • The frequency at which the transaction will be processed, and the times, periods and date ranges during which it may be processed. The cut-off times for accepting transactions can also be maintained here.
  • The limits on the number of transactions allowed for a unit holder in the fund.
  • The volume ranges of the transaction, both in amount and units, and the volumes allowed for specific investor categories in the fund.
  • The pricing details, such as the basis of price definition, the base price factor, the number of decimals for the price, the price lag and the back dating limits.
  • Allocation details such as allowing of online allocation, credit card/check allocation on par with cash, allocation and confirmation lags, and the allocation policies.
  • The limit redemption mode, which can be either percentage of holdings, amount or units.
  • The limits for initial transactions and standing instructions transactions.
  • The limits for transactions accepted through different means of purchase.
  • The final rounding precision patterns for transaction base prices and unit prices.
  • The final rounding precision for the computation of units, for each transaction type.
  • The rules for gross or net processing modes for IPO, subscription and redemption transactions for a fund.
  • The payments lag, if any, to be applicable for redemption payouts.
  • The minimum holdings required for standing instruction transactions in the fund.

To set up the Transaction Processing Rules for a fund, use the Transaction Processing Rules screen.

  1. Click on Transaction Processing Rules button from the Fund Rules Detail screen.
    The Transaction Processing Rules screen is displayed.

    Figure 2-14 Transaction Processing Rules


    Description of Figure 2-14 follows
    Description of "Figure 2-14 Transaction Processing Rules"

    The screen displays the details of the fund for which the rules are being set up, in the Fund Information section, and the details of all Transaction Processing Rules already maintained for any transaction type, in the Maintained Transaction Details section. It also contains the following data entry sections, each of which can be invoked by clicking the appropriate tab:

    • Basic Information
    • Transaction Rules
    • Unit Holder Rules
    • Transaction Limits
    • Pricing
    • Policies
    • SI Specific Info
    • SI Rules for Frequency

    The details of rules that have already been made for any transaction types, if any, are displayed in the Maintained Transaction Details section. The following information is displayed in the box for each transaction type, and clicking on the row of each transaction type will cause the transaction processing rules profile for that transaction type to be displayed in the lower portion of the screen, and in each of the sections.

    If you need to view all the details of a particular transaction processing rules profile for a transaction type in the fund, click that transaction type in this box and the profile will be populated in the lower half of the screen and in the sections.

    Note:

    Before you set up a Transaction Processing Rules profile record for a fund and transaction type, it is desirable to ensure that the following information is already setup in the system:

    • The fund already has an existing, unauthorized Fund Rules profile record.
    • The fund already has an existing, unauthorized Shares Characteristics profile record.
  2. On Transaction Processing Rules screen, specify the fields.
    For more information on fields in the screen, refer the below table.

    Table 2-27 Transaction Processing Rules

    Field Description
    Fund ID Display

    This field indicates the ID fund for which you are setting up the Transaction Processing Rules profile. This information is defaulted from the Fund Demographics screen.
    Rule Effective Date Display

    The Rule Effective Date for the fund, which you specified in the Fund Demographics screen, is displayed here.
  • Basic Info
    This topic provides information on basic info tab of transaction processing rules.
  • Transaction Rules
    This topic provides information on transaction rules tab details.
  • Unit Holder Rules
    This topic provides information on unit holder rules tab details.
  • Transaction Limit
    This topic provides information on transaction rules tab details.
  • Pricing
    This topic provides information on pricing tab of transaction processing rules screen.
  • Policies
    This topic provides information on policies tab of transaction processing rules screen.
  • SI Specific Info
    This topic provides information on SI specific info tab of transaction processing rule screen details.
  • SI Rules for Frequency
    This topic provides information on SI rules for frequency tab of transaction processing rule screen details.
  • Process and Validate Transaction Processing Rules
    This topic provides information on processing and validating transaction processing rules.
  • Pre EOD Check
    This topic provides information on pre EOD check details.

Parent topic: Fund Rule