3.6.1.1 Multi Switch Transaction

This topic provides information on Multi Switch Transaction.

Whenever a multi switch transaction is captured, the system will check the unit balance including unallocated units from any other outflow transaction of the same fund. If the unit balance thus calculated is less than the transaction value, the transaction generation will fail for Insufficient Unit Balance. For unallotted unit based or percentage based transactions, the system will identify the unallocated units from the transaction details.

For Amount based transaction, the system will compute the units balance as follows:

Unallotted units= Amount/ Latest Available NAV * (1 - Fluctuation %)

Note: Fluctuation % is a system level param value that can be maintained in Parameter Maintenance Screen (UTDPARAM) considering the maximum load and maximum fluctuation in price that can happen. PARAM Code to be maintained is FLUCTUATIONPERCENT.

Example

For Example:

Table 3-24 Opening Balance

Opening Balance	120
Buffer %	5%
NAV	11.23778

Table 3-25 TX N Details

TXN	Txn Mode	Txn Value	Units redeemed	Settlement Amount	Outstanding	Txn Status	Remarks
RED1	Units	75	75	842.8335	45	Success	No un-allotted Transactions during RED1 capture hence available units will be 120
RED2	Units	50	NA	NA	NA	Failed	Un-allotted units - 75 pending, hence system will consider the available units as 45 (120-75)
RED3	Amount	100	9.3669	105.2632	35.6331	Success	System will use buffer % to arrive at units for amount based outflow transactions

The system will run Multi Switch batch to generate pseudo switch in-leg. The system will split the pseudo out-leg and link to each pseudo in-leg (For instance, multiple switch out from 1 fund to 3 funds. There should be 3 out-leg link to 3 in-leg).If there is residual balance of units, it should be generated at the point of the allotment of pseudo switch out-leg.

Pseudo switch-in generation will be part of BOD sequence. The same can be scheduled as part of Mini-EOD, based on business requirement.