4.27.2 Pre-EOD Check for Intra-day Transaction Validation

This topic provides the information about Pre-EOD check for intra-day transaction validation

During the Pre-EOD processes, the system checks for the transactions that violate the minimum / maximum limits defined for the fund, aggregated at CIF level, and ensures that they are not put through.

Intra-day Check – Example

In the Transaction Processing Rules, the following minimum and maximum limits have been maintained:

Table 4-24 Intra-day Check – Example

Fund ID	Transaction Type	Minimu m Amount	Maximum Amount	Minimum Units	Maximum Units
Royal Trust Growth Fund	Subscription	1,000	10,000,000	100	1,000,000

The details of unit holders transacting in the Royal Trust Growth Fund are as follows:

Table 4-25 Unit Holder details

Unit Holder ID	CIF	Account Type	Identification Type	Identification Number
UH1	CIF1	CPFOA	NRIC	N0001
UH2	CIF1	CPFSA	NRIC	N0001
UH3	CIF1	Cash	Passport	A80899
UH4	CIF2	ASPFOA	NRIC	N0001

The following transactions are entered into the Royal Trust Growth Fund:

Table 4-26 Transaction Details

Transaction Number	Unit Holder	CIF	Transaction Type	Transaction Mode	Amount	Units
S1	UH1	CIF1	Subscription	Amount	10,000,0 00
S2	UH2	CIF1	Subscription	Units
S3	UH3	CIF1	Subscription	Amount	900	1,000,00 0
S4	UH4	CIF2	Subscription	Units		90

When the intra-day check is enforced, the following transactions violate the check:

At Unit Holder aggregation level

The transactions S3 and S4 are displayed in the Intra-Day Transaction Check screen, since the transaction volumes are below the minimum transaction amount and minimum transaction units for subscription maintained for the fund in the Transaction Processing Rules.

At CIF aggregation level

The transactions S1 and S3 are summed for CIF 1, and the sum (10,000,900) exceeds the maximum amount for subscription transactions for the Royal Trust Growth Fund. Therefore, S1 and S3 are displayed in the Intra-Day Transaction Check screen.

Also, the number of units for transaction S2 falls below the minimum units for subscription transactions for the Royal Trust Growth Fund. Therefore, S2 is displayed in the Intra-Day Transaction Check screen.

At Identification Number level

The transactions S2 and S4 are summed for NRIC – N0001, and the sum (10,000,090 units) exceeds the maximum units for subscription transactions for the Royal Trust Growth Fund. Therefore, S2 and S4 are displayed in the Intra-Day Transaction Check screen.

Also, the number of units for transaction S3 falls below the minimum amount for subscription transactions for the Royal Trust Growth Fund. Therefore, S3 is displayed in the Intra-Day Transaction Check screen.