3.4.17 Transaction Processing Logic for Currency of Expression Funds

This topic provides information about transaction processing logic for currency of expression funds details.

The system defaults the UH Currency of Expression (UHCOE) in the Transaction Currency field, if available, during transaction capture based on UH and fund combination.

If there is no UH Currency of Expression (UHCOE) maintained in UTDUHCOE, then FBC will be defaulted in the Transaction Currency field. If the transaction is processed, then upon authorization of the transaction FBC will be defaulted as UHCOE at the UHCOE maintenance (UTDUHCOE). The defaulted currency of expression in the UHCOE maintenance will be as system user.

If there is no UHCOE maintained in UTDUHCOE, then FBC will be defaulted in the Transaction Currency field (Transaction capture) and if you override this defaulted currency to one of the FPC (from the fund level new) then upon authorization of the transaction FPC will be defaulted as UHCOE at the UHCOE maintenance.

If there is no UHCOE maintained in UTDUHCOE, then FBC will be defaulted in the Transaction Currency field and if you override this defaulted currency to neither FBC/FPC, then upon authorization of the transaction FBC will be defaulted as UHCOE at the UHCOE maintenance.

Following are the system behaviour in case there is an unauthorized or a modified and unauthorized UHCOE maintenance:

Case 1: You need to input a transaction when there is an unauthorized UHCOE maintenance. During transaction input there is not UHCOE to be defaulted as the maintenance is still in unauthorized status. Hence as per logic Fund base currency defaults during transaction capture and this fund base currency will not get defaulted to UHCOE maintenance. Once the UHCOE maintenance is authorized then defaulting will happen during transaction capture.

Case 2: Authorized UHCOE is modified which is still in unauthorized status. In this case if you input a transaction, then the new modified UHCOE will get defaulted during transaction input.

• FX Logic
  This topic provides the information about the FX Logic details.
• Process Unit Holder Currency of Expression
  This topic provides information about processing unit holder currency of expression details.
• Process Fund Price Maintenance
  This topic provides information about processing fund price maintenance details.
• NAV Correction Impact for Fund Price Currencies
  This topic provides information about the NAV correction impact for fund price currencies in FCIS IPO Subscription Detail Screen.
• Currency of Expression Logic Applied During Transactions
  This topic provides the information about currency of expression logic applied during transactions.
• System Logic to Derive the Price Currency
  This topic provides information about system logic to derive the price currency details.
• Switch Logic for Currency of Expression
  This topic provides information about switch logic for currency of expression details in FCIS IPO Subscription Detail Screen.