3.12.6 Load Override Tab

This topic provides detailed information about load override tab in FCIS Redemption Transaction Detail screen.

  1. Click on FCIS Redemption Transaction Detail screen, click on Load Override tab to enter the details.
    The Load Override screen is displayed.

    Figure 3-47 FCIS Redemption Transaction Detail - Load Override


    Description of Figure 3-47 follows
    Description of "Figure 3-47 FCIS Redemption Transaction Detail - Load Override"

    In this section, you can override or alter the value of any load (including derived loads, if any) mapped to the selected fund and applicable for the transaction type, which is to be computed at the time of allocation. The frequency of computation for such loads would be allocation.

    This section is only enabled for funds that have allocation time loads mapped to them as applicable for the transaction type.

  2. On Load Override tab, specify the fields.
    For more information on fields, refer to the field description below.

    Table 3-65 FCIS Redemption Transaction Detail - Load Override Tab

    Fields Description
    Load ID Display

    The ID of the allocation time load that has been mapped to the fund for the transaction type is displayed here. The load ID is displayed as a link. To view details of the load, click the ID link.

    If a derived load has been mapped, it is also displayed here and can be overridden.
    Load Details Display

    The system displays the load details.
    Load Description Display

    The description of the allocation time load that has been mapped to the fund for the transaction type is displayed here.
    Group ID Display

    The system displays the group ID.
    Amount Percent Display

    The type of the allocation time load that has been mapped to the fund for the transaction type is displayed here. The type of the load refers to the base value upon which the load is applied. There are two possible types – amount-based loads, and percentage-based loads.

    This value will be validated against the minimum, maximum and step values specified for redemption transactions in the Transaction Processing Rules for the fund. It is also validated against the amount / units limit values maintained for both the communication mode selected for the transaction, and the investor category of the selected unit holder. A warning, which can be overridden, is displayed if the value is not within the limits.

    If the client country option NETUNALLOTEDAMT is set to true for your bank, then the system will match the units to be redeemed with the unit holder’s current balance minus the unallotted redemptions (if any). If the transaction value exceeds the balance available, the system will throw up an error message. It will not save the transaction.

    If the transaction is being put through as a result of a check issued by an investor with the check writing facility, in a fund for which the check writing facility is allowed, the transaction amount that you specify here must fall within the minimum and maximum limits specified for the fund, for check redemption transactions.

    For transactions by gross amount, a transaction value that exceeds the Minimum Amount for Tax ID that has been specified in the fund rules, the system validates the availability of the PAN Number in the unit holder account profile. If the PAN Number has not been specified in the profile, you must enter a transaction value that does not exceed the Minimum Amount for Tax ID value, or make a change to the unit holder account and specify the PAN Number, and then attempt to input the transaction.

    If specified in the General Operating Rules for the fund, the End of Day processes perform the minimum holdings validation, by picking up all allocated transactions during the business day and grouping according to CIF-level or unit holder-level, as indicated in the General Operating Rules. During this, the system validates whether the current holdings balance of the investor either equals or exceeds the minimum holdings balance specified in the General Operating Rules.
    Change type Display

    When you override or alter an allocation time load at the time of entering a transaction, you can effect the change in any of the following ways:

    • Discount (reducing the load return value in all the slabs)
    • Increase (increasing the load return value in all slabs)
    • Return Value (assigning an altered return value that will be applicable to all the loads)
    Change Value Display

    The system displays the change value details.
    Campaign Code Display

    The system displays the campaign code.
    Campaign Load ID Display

    The system displays the campaign load ID details.
    Project Return Value Display

    The system populates the return value from the load setup.

    If the UH Deal maintained is same for Unit Holder, Load and Fund Setup then overridden value from UH Deal is displayed.

    If there are criteria based loans in UT transactions, the criteria is evaluated and only loads applicable for the transaction is displayed.

    You can view the applicable loads and projected return values by clicking Enrich Transaction in the transaction screen.

    The system uses the projected return value for load amount computation and also to compute the net amount to AMC while generating GO

    In LEP transactions, if there are criteria based loads, the criteria is evaluated during UT transaction generation and it will be used during allocation.

    Note: For Period based slab load, projected return value will display the return value of the first sequence. However for the detailed slab details, user can use the load details button.

    Derived Load Override Details

    The system displays the following values:

    • Load ID
    • Parent Load ID
    • Load Description
    • Change Type
    • Change Value

Parent topic: Redemption Transaction Detail