3.6.1 Process FCIS Bulk Transaction Detail

This topic provides the instructions to process FCIS Bulk Transaction Detail Screen.

You may need to enter multiple transactions in multiple funds for a unit holder.

  1. On Home screen, type UTDTXNB in the text box and click Next.
    The FCIS Bulk Transaction Detail screen is displayed.

    Figure 3-18 FCIS Bulk Transaction Detail


    Description of Figure 3-18 follows
    Description of "Figure 3-18 FCIS Bulk Transaction Detail "

  2. On FCIS Bulk Transaction Detail screen, specify the fields.
    For more information on fields, refer to the field description table.

    Table 3-22 FCIS Bulk Transaction Detail

    Field Description
    Bulk Transaction Number Display

    When you save the multiple transactions that you have entered in this screen, a bulk transaction number is generated by the system for each set of multiple transactions entered. You can use the bulk transaction number to retrieve the transactions, in the FCIS Bulk Transactions Summary screen.

    Unit Holder Name Display

    The name of the unit holder is displayed.
    Unit Holder ID Alphanumeric; 12 Characters; Optional

    Specify the unit holder ID. You can also click the Find button to list the unit holder IDs maintained in the system. Select the required ID.

    Specify the unit holder ID. You can also click the Find button to list the unit holder IDs maintained in the system. Select the required ID.

    CIF Number Alphanumeric; 20 Characters; Optional

    Specify the CIF number of the unit holder for whom you wish to enter multiple transactions.

    You can also click the Find button to list the CIF number maintained in the system. Select the required ID.

    Aggregate Currency Alphanumeric; 3 Characters; Optional

    Specify the aggregate currency. You can also select the currency from the option list provided. The list consists of valid and authorised currencies maintained in the system.

    Aggregate currency is used in case of multiple transactions with multiple currencies. This currency is used as an intermediate currency to do settlement between outflow and inflow transactions. If the fund base currency is same for all the funds involved in the transaction, then the system defaults the aggregate currency as the fund base currency. However, if the currency is different, then the system prompts to enter the aggregate currency on save.
    Transaction Date Date Format; Optional

    The transaction date is defaulted. However, you can modify the same.
    Fund ID Alphanumeric; 6 Characters; Optional

    Specify the transaction Fund ID.
    Transaction Type Optional

    Select the type of transaction from the drop-down list. The options available are:

    • IPO Subscription
    • Subscription
    • Redemption
    • Switch
    • Transfer
    • Multi Transaction
    • Multi Switch

    For a unit holder, you can capture multiple redemptions, for which multiple settlements and subscriptions are captured through one wrapper reference number. This wrapper reference will be the reference number for all the subscription and redemption transactions. If you select the Multi Transaction option, then the system will link all the transactions to one reference number. For instance, you can capture multiple transactions as follows:

    Outflows,

    • Redeem 1000 units from F1 as R1
    • Redeem 5000 USD from F2 as R2
    • Redeem 50% from F3 as R3

    Inflows,

    • Invest 30% into F4 as S1
    • Invest 1000 USD to F5 as S2
    • Invest remaining into F6 as S3

    All these transactions will be linked to one wrapper reference number.
    Fund Name Display

    The name of the fund is displayed.
    ISIN Code Display

    The system displays the ISIN code.
    Transaction Currency Alphanumeric; 3 Characters; Mandatory

    Specify the transaction currency. Alternatively, you can select transaction currency from the option list. The list displays all valid transaction currency maintained in the system.
    Transaction Mode Optional

    Select the mode of transaction. The options available are:

    • Amount
    • Units
    • Percent
    Payment Mode Optional

    Select the mode of payment from the drop-down list. The following are the options available:

    • Cash
    • Cheque
    • Money Transfer
    • Multi Payment
    • Direct Debit
    Gross or Net Optional

    Select if the bulk transaction is gross or net mode for pseudo switch out leg for multi switch transactions from the drop-down list. The list displays the following values:

    • Gross
    • Net
    Multi Switch Out Value Numeric; 22 Characters; Mandatory

    Specify the multi switch out value for the pseudo switch out leg for multi switch transactions.

    If selected, the system will treat the transaction captured as part of multiple switch transactions and it will link them with same reference number (wrapper number). This multi switch transaction will be a pseudo switch transaction. The system will switch out from one fund (pseudo switch out) to multiple switch into different funds (pseudo switch-in)

    Multi switch transaction will allow one pseudo switch out (PS03) transaction captured against multiple inflows pseudo switch in (PS02) in bulk transaction screen. Internally it will create one-out leg transaction for each in-leg transaction. If switch out fund and switch in fund are different then it will be saved as pseudo switch and if switch out fund and switch in fund are same then it will be saved as bed and breakfast switch.

    Source ID Alphanumeric; 12 Characters; Optional

    Select the source through which the transactions are routed.
    Remarks Alphanumeric; 255 Characters; Optional

    You can specify any remarks for the transactions.

    Transaction Details

    You can enter information that is specific to each individual transaction that you wish to enter.

    To add a new transaction, click the Add (+) button. To delete a transaction that you have entered, select the transaction row and click the Delete (-) button.

    The default details that you have specified above are displayed for each transaction. However, you can change the following details:

    Table 3-23 FCIS Bulk Transaction Detail - Transaction Details

    Field Description
    Transaction Date Date Format; Mandatory

    The system displays the transaction date. However you can amend the same.
    Unit Holder Alphanumeric; 12 Characters; Mandatory

    Specify the unit holder details.

    You can query for unit holder ID by clicking on Fund UH button.

    Fund ID Alphanumeric; 6 Characters; Mandatory

    The system displays the fund ID. However you can amend the same.
    Transaction Type Mandatory

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

    • IPO Subscription
    • Subscription
    • Redemption
    • Switch
    • Transfer
    • Multi Transaction
    • Multi Switch
    Sub Type Alphanumeric; 1 Character; Mandatory

    Specify the sub type. Alternatively, you can select the sub type from the option list. The list displays all valid sub types maintained in the system.

    For Transfer Switch transaction, you need to select Switch in Transaction type and Transfer Switch in Subtype from the list displayed,

    • Normal Switch
    • Bed and Breakfast Switch
    • Cash Management Account Switch
    • RIS
    • Pseudo Switch
    • Transfer Switch
    Transaction Currency Alphanumeric; 3 Characters; Optional

    The system displays the transaction currency. However, you can amend this value.
    TXN Mode Optional

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

    • Amount
    • Units
    • Present
    • Residual
    TXN Value Numeric; 22 Characters; Mandatory

    Specify the transaction value.
    Payment Mode Alphanumeric; 2 Characters; Optional

    Specify the mode of payment. Alternatively, you can select payment mode from the option list. The list displays all valid mode of payment maintained in the system.
    Gross or Net Optional

    Select Gross or Net option from the drop-down list.
    To Unit Holder ID Alphanumeric; 12 Characters; Optional

    Specify To unit holder ID. You can query for To Unit holder ID by clicking ‘Find UH’ button.
    To Fund ID Alphanumeric; 6 Characters; Optional

    Specify the To Fund ID. Alternatively, you can select To Fund ID from the option list. The list displays all valid To Fund ID maintained in the system.
    Reference Number Alphanumeric; 16 Characters; Optional

    Specify the reference number.
    Txn Number Alphanumeric; 16 Characters; Optional

    Specify the transaction number.

    Click the Detail button to get the transaction details.

    Click the Clear button to clear all the transaction details.

    Click the Log button to view the transaction error details. The Log field will log the overrides (warning messages) and error messages. You can view overrides/ error post authorization of the bulk transaction. On launching the sub screen; system will display the following:

    • Transaction Number
    • Error/Override
    • Code
    • Description
    Transaction Number Alphanumeric; 16 Characters; Optional

    Specify the transaction number.
    Error/Override Alphanumeric; 50 Characters; Optional

    Specify the error or override details.
    Code Alphanumeric; 20 Characters; Optional

    Specify the code.
    Description Alphanumeric; 255 Characters; Optional

    Specify the error description.
    Operate? Optional

    Select the operate status from the drop-down list. The list displays the follwoing values:

    • Edit
    • Delete
    Units Classification Alphanumeric; 1 Character; Optional

    Specify the unit classification details.
    Age out Preference Alphanumeric; 1 Character; Optional

    Specify the age out preference details.
    Status Alphanumeric; 4000 Characters; Optional

    Specify the status of transaction.
    Total Amount Numeric; 22 Characters; Optional

    Specify the total amount.
    Total Units Numeric; 22 Characters; Optional

    Specify the total units.

    Note:

    • For multi transactions, only redemption and subscription transactions are allowed
    • For multi transaction, the transaction date and the unit holder ID are defaulted from the header and you cannot modify the same.
    • For subscription transactions, you can select the following transaction modes:
      • Amount
      • Units
      • Percentage
      • Residual
    • For redemption transactions, Residual transaction mode is not applicable
    • You have to maintain different fund IDs for multiple transactions

    The unit holder will be same for all the outflows and inflow transactions. If there is a different unit holder, the system will validate when the transaction is saved.

Parent topic: Bulk Transactions