3.8.4 Other Tab

This topic explains the other tab of FCIS Subscription Transaction Detail.

  1. On the FCIS Subscription Transaction Detail screen, click Other tab to enter the details.
    The Other details are displayed.

    Figure 3-27 FCIS Subscription Transaction Detail - Other


    Description of Figure 3-27 follows
    Description of "Figure 3-27 FCIS Subscription Transaction Detail - Other"

  2. On Other screen, specify the fields.
    For more information on fields, refer to the field description below,

    Table 3-39 Other Tab - Field Description

    Field Description
    Settlement Date Date Format; Optional

    Specify the settlement date.
    Remarks Alphanumeric; 255 Characters; Optional

    Specify remarks, if any.
    Base Cost Numeric; 6 Characters; Optional

    Specify the base cost details.
    Payment Allowed Optional

    Select if payment allowed is or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Auto Clear Reinvestments Optional

    Select if reinvestment details should be automatically cleared or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Dealing Date Date Format; Optional

    Specify the dealing date.

    The system displays the dealing date derived based on the dealing date maintained for the fund in the specific Fund Price Date Setup screen. The date displayed here can be altered, if required, and you can specify the requisite dealing date.

    Dealing date will not be displayed on the screen if it is not maintained for a fund or the fund is not a specific price date fund. System will default the transaction date as the dealing date. If you have defined a different trade cycle for the fund in the Override Trade Cycle Date screen and the transaction falls within the override period mentioned in this maintenance, the system will default the dealing date from the maintenance.

    Refer the topic Other Fund Activities in the Fund Manager User Manual for more details on maintaining alternate trade cycles for a fund.

    EUSD Option Optional

    Select the EUSD option from the drop-down list. The list displays the following values;

    • With Holding Tax
    • Exchange of Information
    • Tax Exemption Certificate
    Price Date Date Format; Optional

    The field From Price Date is enabled when you select the fund in which the requested transaction is to be put through. The fund should be one for which you have specified forward pricing is applicable. The price date is arrived at by taking into consideration several conditions. This is explained in the topic Defaulting of Price Dates in the Transaction screens. You can modify this field.

    If you have defined a different trade cycle for the fund in the Override Trade Cycle Date screen and the transaction falls within the override period mentioned in this maintenance, the system will default the price date from the maintenance.

    Reversal Code Display

    The system displays the reversal code.

    This field is only available during transaction amendment, and you can use it to capture the appropriate rejection code, if any, for the amendment. The codes available in the option list are specific to the transaction type being amended.

    Maturity Date Date Format; Optional

    If the fund in which the transaction is being put through is a closed-end fund, then specify the maturity date for the transaction in the Maturity Date field. This field is only applicable for AMCs that have opted for the maturity date facility.

    Note: In case of block transactions, enter the maturity date of the block transaction. If the system date is equal to or greater than the date specified here, and the Auto generate Unblock option is checked then system generates an automatic unblock transaction on the date specified here. If the maturity date falls on a holiday, then the unblock transaction will be generated on the next working day.

    Cancel Instruction Optional

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

    • Standing Instructions

    You can use this field to indicate whether standing instructions defined in respect of a unit holder, in the selected fund, are to be cancelled.

    If you select this option, all standing instructions for the transaction is cancelled, including those that are to be generated after an automatic redemption occurs. Select the Standing Instruction option in this field to indicate cancellation of standing instructions.

    If this option has been chosen in the General Operating Rules for the fund, the automatic redemption process generates redemption transactions for unit holders in the fund, with the Cancel Instruction option automatically set.

    If this option has been set for the transaction in this field, the End of Day process cancels all standing instructions (irrespective of the transaction type) for the unit holder in the fund after the outflow transactions (redemption, switch and transfer) involving the unit holder have been allocated for the day.

    Note: Reversal or amendment of an outflow transaction for which Cancel Instruction has been set to Standing Instruction, would re-instate the standing instructions.

    Auto Clear Provisional Balance Optional

    Select Yes option to indicate that 100% outflow transaction should include provisionally allotted units. This option will be enabled if the transaction mode is Percent and the transaction value is 100.

    Fund Price Basis Alphanumeric; 6 Characters; Optional

    Specify the fund price basis details. Alternatively, you can select fund price basis details from the option list. The list displays all valid fund price basis maintained in the system.
    Short trade Units Numeric; 27 Characters; Optional

    Specify the short trade units.

    Units Classification Alphanumeric; 1 Character; Optional

    Specify the units classification in which the units have to be linked. Alternatively, you can select units classification from the option list. The list displays all valid units maintained in the system.

    This field is applicable only for onshore funds with USERMNTFIFO ageing logic. The system will validate the same during save of the transactions.

    Units Classification Description Display

    The system displays the description for the selected unit classification code.

    Completion Date Date Format; Optional

    The date on which the transaction is completed.
    LOI Transaction Optional

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

    • Yes
    • No

    If the unit holder that is subscribing to the fund through IPO is designated as a Letter or Intent investor, then specify if the present transaction is to be deemed and processed as a Letter of Intent transaction.

    This specification is only applicable for LOI unit holders that are transacting in a fund in a group for which LOI is deemed as allowed.
    CPMF Bonus Percent Numeric; 30 Characters; Optional

    Specify the percentage of CPMF bonus.

    By default, the CPMF Bonus percentage is displayed here which is arrived at based on the fund CPMF preference. If CPMF Bonus Type is Fixed, Percentage cannot be modified during the transaction input i.e., Bonus is credited on the lag EOD activity. Details regarding CPMF Preference are explained in the section Maintaining Fund CPMF Preferences in the Fund Manager module.

    CPMF Credit Lag Numeric; 4 Characters; Optional

    Indicate the lag for the CPMF bonus to be credited.
    Lock-In Period for Gain Numeric; 4 Characters; Optional

    The default lock-in period for the funds where IOF/IRRF are applicable is defaulted here. This can however be modified.

    Note: Reversals are not allowed post allocation. However if there is any judicial blocking (partial or full) or the subscription is partially redeemed the reversals will not be allowed.

    KIID Received? Optional

    Select if the transaction is KIID compliant or not from the drop-down list. The list displays the following values:

    • Yes
    • No

    The system will default the KIID compliant at the transaction level upon the selection of the Unitholder and Fund in the transaction screens. If the UCITS Fund at the Fund level is Yes and the UH mapping to the Fund in the UH KIID Compliance tab is NO then at the transaction level, the system will default the KIID Complaint to No.

    If the KIID Received is set to No, the system display an error message while saving the transaction as The Unit holder has not received the KIID.

    If the flag is set to YES there will be no error message and treated as if the UH has received the KIID. The system will always look at the latest UCITS fund mapping maintained at the UH level.

    If the transaction is being done in a fund which is not a UCITS Fund then the field KIID received at transaction level will be defaulted to blank. You cannot change this option to either a Yes or No at the transactions level if it is not a UCITS Fund.

    The business user can change the KIID Compliant flag at the transaction from No to Yes and proceed with the transaction capture but visa versa is not possible. The record at the Unit Holder level will however not get updated. You will have to manually update the same.

    In case of backdated transactions, if transaction date is less than effective date, system will default the KIID Compliant field to No and then you need to manually override it.

Parent topic: Subscription Transaction Detail