4.24.2 Batch Process for Global Order Generation

This topic describes about the information on Batch Process for Global Order Generation.

The Global Order or Manco Instructions is generated using the batch process. The system will check for all the transactions in this batch process, i.e., if there are fees attached to the policy transaction, the system will forecast the Initial Admin fees and Initial Broker fees using the Project Allocation procedure.

Project Allocation projects the allocation which contains the allotted units based on the price available from the global order. The forecasted fee values are received through the project allocation package.

You can calculate the investment amount using the following formula: Investment Amount = (Policy Transaction Amount) – (Initial Admin Fee) – (Initial Broker Fee).

Investments and Disinvestment Adjustments (Reversals), i.e., Buying and reversal of Selling, will be consolidated into a single value per day’s transactions. Similarly, Disinvestments and Investment Adjustments (Reversals), i.e., Selling and reversal of Buying will be consolidated into a single value per day’s transactions.

Note:

Netting of Investments and Disinvestments is not allowed.

You can report the separate records for the transactions such as Investment Amounts, Disinvestment Amounts, Disinvestment Units, Switches In and Switches Out, for the same Manco Fund per day.

Following points can be used as reference:

• Disinvestment Amount = Amount with a Negative Sign
• Investment Amount = Amount with a Positive Sign
• Reversal of Investment Amount = Amount with a Negative Sign
• Reversal of Disinvestment Amount = Amount with a Positive Sign
• Disinvestment Units = Units with a Negative Sign