4.33 Process FCIS - RTA Transfers Detail

This topic provides the instructions to process RTA Transfer Details.

The RTA Transfers Detail In and Out screen captures the details that are present in the RTA incoming interface related data store. In the case of a transfer out transaction, the transaction is generated and needs to be confirmed by the bank. To invoke this screen, click the main menu item Maintenance and then click the Details under the sub-menu item RTA Transfer Detail.

  1. On Home screen, type UTDRTAIO in the text box, and click Next.
    The FCIS - RTA Transfers Detail screen is displayed.

    Figure 4-27 FCIS - RTA Transfer Detail


    Description of Figure 4-27 follows
    Description of "Figure 4-27 FCIS - RTA Transfer Detail"

  2. On FCIS - RTA Transfers Detail screen, specify the fields.

    Table 4-32 FCIS - RTA Transfer Detail

    Field Description
    Reference Number Alphanumeric; 16 Characters; Mandatory

    Specify a reference number for the account. This will be deemed as a unique alphanumeric identifier for the account. It could be the serial number that is given on the application form through which the investor has invested in the AMC. It could also be any alphanumeric value given by the investor, to identify the account.

    Transaction Type Mandatory

    Specify the type of transfer, the options being

    • Transfer In Details
    • Transfer OUT Details
    • Channel Transfer Details
    CIF Alphanumeric; 20 Characters; Mandatory

    Specify the CIF number of the customer for whom you are creating a transferring the units.
    RTA/Channel Alphanumeric; 12 Characters; Mandatory

    Specify the CIF number of the customer for whom you are creating a transferring the units.
    Unitholder ID Alphanumeric; 12 Characters; Mandatory

    It may be defaulted based on the selection from Unit holders for CIF; else you need to specify the unit holder ID here.

    You can query for unit holder ID by clicking Find button.

    Unit Holder Name Display

    The system displays the name of the selected unit holder ID
    Name Alphanumeric; 255Characters;Mandatory

    Specify the name of the RTA/Channel here.

    Table 4-33 Transfers IN Details

    Fields Description
    AMC ID Alphanumeric; 12 Characters; Optional

    Select the code of the AMC in whose funds the investor wishes to invest, from the list provided. You capture this information for the purpose of identifying the AMC to which the unit holder belongs, and in whose database the unit holder account will reside.
    AMC Name Display

    The system displays the name of the selected AMC ID.
    Fund ID Alphanumeric; 6 Characters; Optional

    Select the fund ID into which the unit holder wishes to invest.
    Fund Identification Number Display

    The system displays the fund identification number.
    Fund Name Short Display

    The system displays the short name of the fund.
    Transaction Date Display

    The default date here would be the application date; however you will be able to edit it.
    Folio Number/Check Digit Alphanumeric; 20 Characters; Optional

    Specify the folio for the AMC if the unit holder does not have prior records of transactions with the AMC specified, else is it defaulted depending on the unit holder ID and the AMC ID.
    Entity ID Alphanumeric; 20 Characters; Optional

    Specify the entity ID.
    Units Numeric; 27 Characters; Optional

    Specify the number of units the unit holder wishes to buy.

    Cost Price Numeric; 17 Characters; Optional

    Specify the cost of each unit.
    Amount Numeric, Mandatory

    This is arrived at by multiplying the number of units and the cost price of each.

    Note:

    Conditions required to be fulfilled for validations for transfer in transactions
    • Transfer in is not allowed in case the unit holder does not have folio for the given AMC and transaction is subsequent.
    • Back dated and future dated transactions are not allowed.
    • If cross branching is 'No', unit holder should belong to the logged in branch.

    Registrar should be mapped to the fund selected.

  3. Click the Transfer OUT Details tab to specify the fields.
    The Transfer OUT Details are displayed.

    Figure 4-28 Transfer OUT Details


    Description of Figure 4-28 follows
    Description of "Figure 4-28 Transfer OUT Details"

    Table 4-34 Transfer Out Details

    Fields Description
    Fund ID Display

    The fund in which the transaction was put through is displayed here.
    Balance Units Display

    The unit balance of your holding is displayed here.
    NAV Display

    Display the current NAV of your holdings.
    Market Value Display

    This displays the market value of all your holdings which is derived at by multiplying the Balance Units with the current NAV.
    Select Optional

    The box needs to be checked against the fields which are to be processed.

    Note:

    Conditions required to be fulfilled for validations for transfer out transactions,
    • Fund price needs to be available.
    • Sufficient balance is required in the unit holders fund.
    • Transfer out transaction amount should be a multiple of step amount as defined in Fund Rule.
  4. Click the Channel Transfers Details tab, to specify the details.
    The Channel Transfers Details are displayed.

    Figure 4-29 Channel Transfers Details


    Description of Figure 4-29 follows
    Description of "Figure 4-29 Channel Transfers Details"

    FCIS provides the facility to transfer an investor along with all the transactions done prior to the transfer to the new channel. The following transfers will be allowed under channel transfer:
    • Channel to Channel
    • Channel to Non-Channel

    Channel transfers cannot be triggered from non-channel agency branches.

    Table 4-35 Channel Transfers Details

    Fields Description
    Transfer Branch Code Alphanumeric; 12 Characters; Optional

    Specify the branch of the agent to whom the investor is being transferred.
    Branch Name Display

    Upon selection of the branch code, the associated branch name gets populated.

    Broker Code Alphanumeric; 12 Characters; Optional

    Select the code of the broker to whom the investor is being transferred.
    Broker Name Display

    Upon selection of the broker code, the associated broker name gets populated.
    Rule Effective Date Date Format; Optional

    Specify the date from when the unitholder transfer that is currently being set up should become effective.
    Remarks Alphanumeric; 255 Characters; Optional

    Descriptive text about the transfer can be entered here.

    On authorizing the transfer, system will check for the following:

    • Any unauthorized transaction exists with previous channel for the specified rule effective date
    • Any authorized transaction to be allocated on or greater than the specified rule effective date
    • Any allotted transaction to be cleared or settled on or greater than the specified rule effective date
    • Any blocked or pledged transaction

    If any of the above mentioned checks fail, system will not allow you to save and authorize the transfer. System will also verify if any balance is available in any of the funds involved in the transfer. If not, system will not allow you to save or authorize the transfer. Channel Transfer will be effective on confirmation of the Authorised channel transfer through the RTA Summary screen.

Parent topic: Process the Transactions - II