3.18 Process Light Weight Transaction Detail

This topic provides the systematic instructions to process FCIS Light Weight Transaction Detail screen.

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

    Figure 3-81 FCIS Light Weight Transaction Detail


    Description of Figure 3-81 follows
    Description of "Figure 3-81 FCIS Light Weight Transaction Detail"

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

    Table 3-102 Transaction Type

    Field Description
    Transaction Type Mandatory

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

    • IPO Subscription
    • Subscription
    • Redemption
    • Switch From
    • Transfer
    Transaction Sub Type Alphanumeric; 1 Character; Optional

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

    For Transfer Switch transaction, you need to select Switch From in Transaction Type and Transfer Switch in Transaction Sub Type from the list displayed,

    • Normal Switch
    • Pseudo Switch
    • CMA Switch
    • BB Switch
    • Transfer Switch

    Note: For a Switch From transaction type, you cannot opt the Bed and Breakfast Switch sub type.

    Description Display

    The system displays the description for the selected Transaction sub type.
    Client Information The section displays the following fields.
    Unit Holder ID Alphanumeric; 12 Characters; Optional

    Specify the unit holder ID of the unit holder who has requested for the transaction. You can select the unit holder ID by clicking Find UH button.

    Unit Holder Name Display

    The system displays the name of the selected unit holder ID.
    Unit Holder ID Alphanumeric; 12 Characters; Optional

    Specify the to unit holder ID. You can also select To Unit Holder ID by clicking Find UH button.

    This field is enabled only if you have selected Transfer option in Transaction Type field.

    Unit Holder Name Display

    The name of the unit holder is displayed.
    Transaction Information The section displays the following fields.
    Transaction Date Date Format; Mandatory

    By default, the settlement date is arrived at by taking the payment lag defined for the fund in the Transaction Processing Rules into consideration. The date displayed here can be altered, if required, and you can specify the requisite settlement date.
    Fund ID Alphanumeric; 6 Characters; Mandatory

    Specify the fund id for which the requested transaction is to be put through, from the option list in the Fund ID field.
    Fund Name Display

    The system displays the name of the selected fund ID.
    Fund Identification Number Display

    The system displays the Fund Identification Number.

    Transaction Currency Alphanumeric; 3 Characters; Optional

    Specify the currency in which the amount value for the transaction will be reckoned, in the Transaction Currency field.

    The option list displays only the maintained fund base currency and fund price currencies for the Fund ID selected.

    You can now save the transaction. A summary screen will appear showing all the details of the transaction along with defaults and transaction number.

    Note: Ensure that the verified bank accounts are used for redemption transaction. If the bank accounts are unverified, such accounts should not be processed till the account status is changed to Verified.

    This can be only a Fund Base Currency or Fund Price Currency

    Note: Multi currency is not handled in light-weight screens and Bulk client defaults should be maintained.

    The Inflow breach factor for IN transactions and Outflow breach factor for OUT transactions are considered for arriving at the fund inflow/outflow dilution levy breach limit (Fund Corpus * Inflow / Outflow Breach Factor < Net Amount in FBC) for the day. Dilution levy is validated against the gross transaction amount.

    If gross transaction amount is greater than the dilution levy breach limit, then a warning message is displayed by the system as Dilution levy value can be overridden. The overridden value is considered only if the transaction is breaching the dilution levy limit amount.

    If a transaction is saved and if there are overrides while saving such a transaction, then the warning message is displayed by the system as Transactions are saved with overrides.

    To Fund ID Alphanumeric; 6 Characters; Optional

    Specify the fund to which the unit holder wishes to switch the investment in the To Fund ID field.

    This field is enabled only if you have selected Switch From or Transfer option in Transaction Type field.

    Subscription Fund ID Alphanumeric; 6 Characters; Optional

    Specify the subscription fund ID. Alternatively, you can select subscription fund ID from the option list. The list displays all valid subscription fund ID maintained in the system.
    KIID Received? mandatory

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

    • Yes
    • No
    Units Classification Alphanumeric; 1 Character; Optional

    Specify the units classification details. Alternatively, you can select units classification code from the option list. The list displays all valid units classification code maintained in the system.
    Units Classification Description Display

    The system displays the description for the selected unit classification.
    Transaction Number Display

    The system displays the transaction number.
    Reference Number Alphanumeric; 16 Characters; Optional

    Specify the reference number.
    Transaction Mode Mandatory

    Select the mode in which the transaction value will be reckoned from the drop-down list. The list displays the following values:

    • Amount
    • Units
    • Percent

    Note: Transaction Mode will be enabled for only Pseudo switch transactions.

    Units Numeric; 27 Characters; Optional

    Specify the units applied details.

    You should specify the details in this field only if you have selected Transaction Mode field as Units. Else, while clicking Enrich Transaction button, the system will display an error message.

    Amount Numeric; 27 Characters; Optional

    Specify the amount applied details.

    You can specify the details in this field only if you have selected Transaction Mode field as Amount. Else, while clicking Enrich Transaction button, the system will display an error message.

    Percent Numeric; 27 Characters; Optional

    Specify the percent applied details.

    You should specify the details in this field only if you have selected Transaction Mode field as Percent. Else, while clicking Enrich Transaction button, the system will display an error message.

    Payment Mode Alphanumeric; 2 Characters; Optional

    Specify the mode in which the payment for the transaction will be made in the Payment Mode field.

    Payment Mode Description Display

    The description for the mode selected is displayed here.
    Age Out Preference Alphanumeric; 1 Character; Optional

    Specify the age out preference details. Alternatively, you can select age out preference from the option list. The list displays all valid age out preference details maintained in the system.
    Age out Preference Description Display

    The system displays the description for the selected age out preference.

    The Payment Details button is disabled if you select Transfer option in Transaction Type field.

  • Payment Details Button
    This topic explains the Payment Details button in the FCIS Light Weight Transaction Detail screen.
  • KYC Details Button
    This topic explains the KYC Details button in the FCIS Light Weight Transaction Detail screen.

Parent topic: Processing Transaction Requests