2.1.7.3 Unit Holder Rules

This topic provides information on unit holder rules tab details.

The limits on the number of transactions allowed for a unit holder in this transaction type and in this fund are captured in this section.

1. Click Transaction Processing Rules, click Unit Holder Rules tab in screen to specify the details.
   The Unit Holder Rules screen is displayed.

   Figure 2-17 Unit Holder Rules

   
   

   
   Description of "Figure 2-17 Unit Holder Rules"

   
   
2. On Unit Holder Rules tab, specify the fields.

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

   Table 2-30 Transaction Processing Rules - Unit Holder Rules Tab

   Field	Description
   Frequency	Mandatory This is to specify the frequency with which a unit holder can carry out any number of transactions within the limit specified earlier. Select the frequency from the drop-down list. The list displays the following values: Daily Weekly Bi-Weekly Monthly Quarterly Half Yearly Yearly
   Free	Numeric; 22 Characters; Mandatory Enter a value to specify the number of free transactions within the permitted transactions. This definition will override all loads that will be set for this transaction Note: You can not modify the frequency or the cycle basis of the Unitholder limits. However you are allowed to modify the number of free transaction number which will only be applicable from the subsequent cycles and not immediately. While tracking free transactions, pseudo switch transactions will be treated on par with switch transactions. The Redemption leg of the pseudo switch transaction will be treated on par with Switch from and the subscription leg of the pseudo switch transaction will be treated on par with switch to.
   Limit	Numeric; 22 Characters; Mandatory Enter a value to specify the number of transactions that are allowed for a unit holder. You can restrict the unit holder from operating more than the specified limit for transactions.
   Cycle Basis	Optional Provided the frequency selected is yearly, you are allowed to specify the period basis during which the free transactions will be applicable. Select the cycle basis from the drop-down list. The list displays the following values: Transaction Start Date Basis Actual Calendar Basis The option Actual Calendar Basis will be enabled only if the frequency is Yearly. Note: If the free transaction is reversed and the transaction date of the transaction belongs to the current cycle, the free transaction counter will be increased by 1. If it belongs to the previous cycle the counter will not be affected.