2.75 Process Settlement Price Detail

This topic provides the systematic instructions to update the fund price for the closed ended funds for settlement.

  1. On Home screen, type UTDSETTP in the text box, and click Next.
    The Settlement Price Detail screen is displayed.

    Figure 2-87 Settlement Price Detail


    Description of Figure 2-87 follows
    Description of "Figure 2-87 Settlement Price Detail"

  2. On Settlement Price Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 2-75 Settlement Price Detail - Field Description

    Field Description
    Fund ID Alphanumeric; 6 Characters; Optional

    Specify the closed ended fund for doing the settlement. Alternatively, you can select Fund ID from the option list. The list displays all valid Fund ID maintained in the system.

    Settlement Date Display

    The system displays the current application date.
    Settlement Price Numeric; 22 Characters; Optional

    Specify the price for settlement of all eligible redemption transactions for a closed ended funds here. The system allots redemptions based on this price.