1.62.5 Settlement Details Button

This topic explains the Settlement Details of Withdrawal Detail screen.

  1. On Withdrawal Detail screen, click Settlement Details tab to view the following details.
    The Settlement Details are displayed.

    Figure 1-102 Settlement Details


    Description of Figure 1-102 follows
    Description of "Figure 1-102 Settlement Details"

  2. On the Settlement Details tab, specify the fields.
    For more information on fields, refer to the field description table.

Table 1-90 Settlement Details - Field Description.

Field Description
Payment Reference Number Display

The system displays the payment reference number.
Payment Currency Display

The system displays the payment currency code.
Payment Amount Numeric; 18 Characters; Optional

Specify the payment amount.
Paid Date Date Format; Optional

Select the paid date from the adjoining calendar.
Recovery Amount Display

The system displays the recovery amount.

On 100% withdrawal, the system will calculate ongoing fee recovery amount and display in the Recovery Amount field on allocation import in pension.

The system computes the recovery amount during allocation hand-off, by applying sum (order amount at asset level) and computing return value on the sum.

The system will deduct the recovery amount from settlement amount.
Bank Reference Number Alphanumeric; 16 Characters; Optional

Specify the bank reference number. Alternatively, you can select bank reference number from the option list. The list displays all valid bank reference number maintained in the system for the investment account of a party.
Settled Optional

Select the status from the drop-down list. The list displays the following values:

  • Yes
  • No
Auto Settle Optional

Select the auto settle status from the drop-down list. The list displays the following values:

  • Yes
  • No
Settlement Due Date Date Format; Optional

Select the settlement due date from the adjoining calendar.

Cheque Number Alphanumeric; 20 Characters; Optional

Specify the cheque number.
Cheque Date Date Format; Optional

Select the date to be mentioned in the cheque from the adjoining calendar.

Parent topic: Process Withdrawal Detail

1.62.5.1 Bank Details Button

This topic explains the Bank Details Button of Settlement Details screen.

  1. On Settlement Details screen, click Bank Details tab to view the following details.
    The Bank Details are displayed.

    Figure 1-103 Bank Details


    Description of Figure 1-103 follows
    Description of "Figure 1-103 Bank Details"

  2. On the Bank Details tab, specify the fields.
    For Group pensions, the system defaults the Instrument Administrators bank account during the hand-off. For private investments, the system will use the bank accounts of the parties mapped at investment account level (PADINVAC).
The system displays the following details:
  • Bank Reference Number
  • Bank
  • Branch
  • Account Type
  • Account Currency
  • Account Number
  • Account Holder Name
  • IBAN
  • User Reference Number
  • Bank description
  • Branch Description
  • Account Type Description
  • Account Currency Description
  • Verification Status
  • Last Verified Date

You can amend all the details except in the header post authorization prior to order hand-off to TA.

Parent topic: Settlement Details Button