10.4 Process PIGS Batch Maintenance

This topic provides the systematic instructions to maintain PIGS compliance check related parameters.

1. On Home screen, type LEDPIGB in the text box, and click Next.
   The PIGS Batch Maintenance screen is displayed.

   Figure 10-3 PIGS Batch Maintenance

   
   

   
   Description of "Figure 10-3 PIGS Batch Maintenance"

   
   
2. On PIGS Batch Maintenance screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 10-2 PIGS Batch Maintenance - Field Description

   Field	Description
   PIGS Maintenance Screen	In the PIGS Maintenance section, you will have to enter information in the following fields.
   Product Administrator	Alphanumeric; 12 Characters; Mandatory Specify the Product Administrator details. The adjoining option list displays all valid AMC accounts maintained in the system. You can choose the appropriate one.
   Next Batch Run Date	Date Format; Mandatory Specify date for running PIGS compliance batch. This date cannot be lesser than the application date. The system will track the execution date to check if the contracts are compliant or not. If the contract is not compliant, then the system will increment the failure value by 1. Once the maximum number of count is reached and if it fails again, then it just updates the date without incrementing the count. The failure count for the policy will be reset to 0 once the contract is successful. While doing this computation, the system needs to consider rounding rules maintained at product level. The system will store the failed policies with the failure details like which rule failed and by how much amount, failure date, portfolio value, each component value, and asset split in a separate data store for reporting/ interfacing purposes.
   AUM Date for Next Batch Run	Date Format; Optional Specify the date to be considered for policy AUM computation. This date cannot be lesser than the application date. The system will deliver Policy Level AUM as of price date based on Allotted Transactions at Policy Transaction Level.
   Product Selection Grid	This section displays the following fields.
   Product	Alphanumeric; 12 Characters; Mandatory Specify the product code. The adjoining option list displays all valid Products available for the Policy Administrator.
   Description	Display The system displays the description for the selected product code.