1.1.2 FCIS Standing Instructions Detail - SI Preferences

This topic explains the SI preferences tab of FCIS Standing Instructions Detail.

Unit holders may need to have the values of transactions generated for a standing instruction to be escalated at a pre-defined frequency. This is known as escalation.

Escalation is possible only for certain transaction types like IPO and Subscription.

1. On the FCIS Standing Instructions Detail screen, click on SI Preferences tab to enter the details.
   The SI Preferences details are displayed.

   Figure 1-3 FCIS Standing Instructions Detail - SI Preferences

   
   

   
   Description of "Figure 1-3 FCIS Standing Instructions Detail - SI Preferences"

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

   Table 1-12 SI Preferences - Field Description

   Fields	Description
   Reminders and Escalation Details	The section displays the following fields.
   Reminder Before Action?	Mandatory Select if the reminder before action is required or not from the drop-down list. the list displays the following values: Yes No If you select the option as Yes, then the Unit Holder will be intimidated before SI generation.
   Reminder Period	Numeric; 3 Characters; Optional Specify a value in days to specify the requirement of reminder before the processing of the standing instruction.
   Escalation Start Date	Date Format; Optional Specify the date on which the escalation of the instruction will begin. This date has to be later than the SI Start date, but earlier than the SI End Date.
   Escalation End Date	Date Format; Optional Specify the date on which the escalation of the instruction will cease. This date has to be later than the SI Escalation Start Date, but earlier than the SI End Date
   Escalation Frequency	Optional Select the frequency at which the escalation is to take place. You can select the desired frequency format from the drop-down list. The list displays the following values: Monthly Quarterly Half-Yearly Yearly Weekly Bi-Weekly Daily The escalation frequency must always be greater than or equal to the standing instruction frequency.
   Escalation Type	Optional Select whether the escalation is an amount/units-based escalation or a percentage escalation. Select the desired type from the drop-down list. The list displays the following values: Amount/Units Percentage
   Escalation Value	Numeric; 18 Characters; Optional Enter the value by which the standing instruction transaction value must be escalated.
   Next Escalation Date	Date Format; Optional This is the date on which the next escalation will take place. It is updated by the system based on the standing instructions start date and the escalation frequency in the case of a new record. For records retrieved in the Amend mode, this date may be altered in the amend session. If this date is overridden manually, then next escalation will take place on the date amended by the user. If Next Escalation Date is updated, then this field given priority over Escalation Start Date. Note: If escalation is requested, then you must specify all the details in this section as mandatory information, to enable the system to process the escalation.
   Other Details	The section displays the following fields.
   Campaign Level	Optional Select the campaign level from the drop-down list. The list displays the following values: Campaign Code Campaign Group By default, campaign code will be selected.
   Campaign Code	Alphanumeric; 6 Characters; Optional Specify the Campaign Code to show the result based on Campaign Level selected. Alternatively, you can select campaign code from the option list. The list displays all valid campaign code maintained in the campaign maintenance. If campaign Level is Campaign Code, then the system will tag the campaign while saving the transaction. You can link the campaign to the subscription and switch transaction type of standing instruction. Specify the campaign to be mapped. You can also select the campaign code from the option list.
   Transaction Category	Alphanumeric; 1 Character; Optional Specify the type of transaction. Alternatively, you can select transaction category from the option list. The list displays all valid transaction category code maintained in the system.
   Description	Display The system displays the description for the selected transaction category.
   Enable Auto Switch	Optional Select if auto switch to be enabled or not from the drop-down list. The list displays the following values: Yes No If you select Yes option, you need to maintain the Auto switch mode sub screens maintained, else the system will display an error message.
   Switch Back Fund ID	Alphanumeric; 16 Characters; Optional Specify the fund ID for which the switch back should happen when yield is met. Alternatively, you can select switch back fund ID from the option list. The list displays all valid switch back fund ID maintained in the system.
   Gross or Net	Optional Specify whether the transaction is a Grossor Net transaction. Note: If you have chosen Plan Level as the SI level then this field defaulted as Gross. You will not be allowed to change this.
   Generate Auth Txns	Mandatory Select the option Yes or No from drop-down list to indicate whether authorized/unauthorized transactions generates when the standing instruction is processed This specification is applicable and enabled only for scrip-less funds, and for funds in which the Aging Policy is based on Transaction Receipts (from the Transaction Processing Rules for the fund).This option is not applicable for certificate-option funds in which the unit holder has requested for certificates.
   SI Prospectus Delivery Method	Alphanumeric; 2 Characters’ Optional Specify the SI Prospectus Delivery Method. Alternatively, you can select SI prospectus delivery code from the option list. The list displays all valid SI prospectus delivery code maintained in the system. Note: You can maintain this delivery method based on Param Code SIPROSPECTUSDELIVERYMTHD.
   Delivery Option	Alphanumeric; 1 Character; Optional Specify the Delivery Option. Alternatively, you can select delivery option from the option list. the list displays valid delivery option maintained in the system.
   Template ID	Alphanumeric; 6 Characters; Optional Specify the Template ID. Alternatively, you can select template ID maintained in the system. The list displays all valid template ID maintained in the system.
   Yield Percentage	Numeric; 22 Characters; Mandatory Specify the yield percentage mentioned by the investor and at which units in target fund achieve the yield will be switched back to source fund. The system uses percentage (1-99) to validate the returns and switch back to source fund. This field is mandatory if you select Enable Auto Switch field as Yes.
   Counter Details	The section displays the following fields.
   SI Auto-Termination Cumulative Counter	Alphanumeric; 3 Characters; Optional Specify the maximum number of times the SI payment rejections are allowed before the auto termination. If you have not maintained any value, then on saving/modifying the SI transaction, the system defaults the value maintained at the Plan Maintenance screen, if the SI level is Plan. Similarly, if the SI level is Fund, then the system defaults the value maintained in the Transaction Processing Rule – Detail screen. However, the value available here is considered for auto termination of the standing instruction. If you set this counter to zero, then the SI is cancelled on the very first rejection of the payment and the SI status maintained as Cancel. If there is no value maintained, then the SI will not be automatically terminated if the payment is rejected. Note: After automatically terminating the SI, the system will set the description for the SI to Cancelled due to exceeding cumulative payment rejections.
   SI Auto-Termination Consecutive Counter	Numeric; 3 Characters; Optional Specify the maximum number of times consecutive SI payment rejections are allowed before the SI is automatically terminated. If you have not maintained any value, then on saving/ modifying the SI transaction, the system defaults the value maintained at the Plan Maintenance screen, if the SI level is Plan. Similarly, if the SI level is Fund, then the system defaults the value maintained in the Transaction Processing Rule – Detail screen. However, the value available here is considered for auto termination of the standing instruction. If you set this counter to zero, then the SI is cancelled on the very first rejection of the payment. If there is no value maintained, then the SI will not be automatically terminated if the payment is rejected. Note: After automatically terminating the SI, the system will set the description for the SI to Cancelled due to exceeding consecutive payment rejections.
   No. Of Cumulative Failures	Display The system displays the number of cumulative failures.
   No. Of Consecutive Failures	Display The system displays the number of consecutive failures.
   No. of SI Transaction Generated	Display The system displays the number of SI transactions generated for the fund/plan. If this value is found to be equal to the limit set for the fund (in Fixed No of SI Installments field in the Transaction Processing Rules) and the SI Level is Fund, then the SI will be cancelled. Similarly, where the SI Level is Plan, an SI will be cancelled if the number of SI transactions generated is found to be equal to the Fixed no of SI installments for any of the funds under that plan. In both cases, after cancelling the SI, the system will update the SI Status to Cancel and the SI Description field to Cancelled due to exceeding number of maximum transactions allowed.