3.10.1 Process FCIS Cancel Transaction Detail

This topic provides the systematic instructions to enter a cancellation request.

An initial purchase (subscription) transaction entered into by an investor can be cancelled at the investor’s request, through a Cancel operation, provided the cancellation period specified for the fund has not elapsed.

When a cancellation is processed, a redemption transaction that annuls the original subscription transaction is generated. Upon successful processing of the cancel operation, the subscription amount refunded.

Cancellation is possible only for subscription transactions.

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

   Figure 3-39 FCIS Cancel Transaction Detail

   
   

   
   Description of "Figure 3-39 FCIS Cancel Transaction Detail"

   
   
2. On FCIS Cancel Transaction Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 3-50 FCIS Cancel Transaction Detail - Field Description

   Field	Description
   Client Information	The section displays the following fields.
   Unit Holder ID	Alphanumeric; 12 Characters; Mandatory Specify the unit holder that has requested for a cancellation. You can query for unit holder ID by clicking Find UH button.
   Unit Holder Name	Display The system displays the name of the selected unit holder ID.
   CIF Number	Display The system displays the CIF number for the selected unit holder ID.
   Transaction Cancellation Details	The section displays the following fields.
   Fund ID	Alphanumeric; 6 Characters; Mandatory Specify the fund in which the subscription was entered, for which a cancellation is being sought.
   Fund Name	Display The system displays the name of the fund for the selected fund ID.
   ISIN Code	Display The system displays the ISIN code for the selected fund ID.
   Transaction Number	Alphanumeric; 16 Characters; Mandatory Specify the transaction number of the subscription transaction being cancelled.
   Cancellation Number	Display The system displays the cancellation number.
   Cancellation Date	Date Format; Mandatory Select the cancellation date from the adjoining calendar. The cancellation date, which is deemed to be the current date. It must fall within the cancellation period for the fund. The system checks to see that the transaction being cancelled is an initial purchase, and that the unit holder has no holdings in the fund at the time of cancellation; also, that the cancellation date is within the cancellation period for the fund. If any of these checks fail, an override is sought.

• Processing Cancellations
  This topic provides information about processing cancellations in the FCIS Cancel Transaction Detail screen.