1.54 Process Investment Account Status Change Detail

This topic provides the systematic instructions to define Investment Account Status Change Detail.

If an account has units, status of account will be pending closure when it is marked to closed. After this no inflows will be allowed to the account. Also, you can redeem the account completely through withdrawals and can mark it to closure.

Figure 1-77 Flow Chart

Description of "Figure 1-77 Flow Chart"

You can change the status of an investment account for a particular party using Investment Account Status Change Detail screen.

1. On Home screen, type PADACCLS in the text box, and click Next.
   The Investment Account Status Change Detail screen is displayed.

   Figure 1-78 Investment Account Status Change Detail

   
   

   
   Description of "Figure 1-78 Investment Account Status Change Detail"

   
   
2. On Investment Account Status Change Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-69 Investment Account Status Change Detail - Field Description

   Field	Description
   Account ID	Alphanumeric; 16 Characters; Optional Specify the account ID. Alternatively, you can select account ID from the option list. The list displays all valid account ID maintained in the system.
   Party ID	Display The system displays the party ID for the selected account ID.
   Party Name	Display The system displays the party name for the selected account ID.
   Change Date	Date Format; Optional Select the change date from the adjoining calendar.
   Closure Remarks	Alphanumeric; 255 Characters; Optional Specify remarks, if any.
   Closure Reference No	Alphanumeric; 16 Characters; Optional Specify the closure reference number.
   Account Status	Optional Select the status of the account from the drop-down list. The list displays the following values: Active Closed
   Current Status	Display The system displays the current status of the account.

3. For the accounts closed in PAS (with Closed Account field set to Yes), the system will send the investment account hand-off file to TA. Upon receiving the file, TA will trigger UH account closure for all unit holders under the account.