3.16.4 Other Details

This topic explains the Other Details tab in the FCIS Transaction Switch Detail screen.

  1. Click Other Details tab in the FCIS Transaction Switch Detail screen.
    The Other Details are displayed.

    Figure 3-67 FCIS Transaction Switch Detail screen - Other Details


    Description of Figure 3-67 follows
    Description of "Figure 3-67 FCIS Transaction Switch Detail screen - Other Details"

  2. On Other Details tab, specify the fields.
    For more information on fields, refer to the field description table.

    Table 3-90 FCIS Transaction Switch Detail - Other Details Tab

    Field Description
    Auto Clear Provisional Balance Optional

    Select Yes option from drop-down list to indicate that 100% outflow transaction should include provisionally allotted units.

    This option will be enabled if the transaction mode is Percent and the transaction value is 100.

    Auto Clear Reinvestments Optional

    Select if reinvestment details should be automatically cleared or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Reversal Code Display

    The system displays the reversal code.
    KIID Received? Optional

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

    • Yes
    • No

    The system will default the KIID compliant at the transaction level upon the selection of the Unitholder and Fund in the transaction screens. If the UCITS Fund at the Fund level is Yes and the UH mapping to the Fund in the UH KIID Compliance tab is NO then at the transaction level, the system will default the KIID Complaint to No.

    If the KIID Received is set to No, the system display an error message while saving the transaction as The Unit holder has not received the KIID.

    If the flag is set to YES there will be no error message and treated as if the UH has received the KIID. The system will always look at the latest UCITS fund mapping maintained at the UH level.

    If the transaction is being done in a fund which is not a UCITS Fund then the field KIID received at transaction level will be defaulted to blank. You cannot change this option to either a Yes or No at the transactions level if it is not a UCITS Fund.

    The business user can change the KIID Compliant flag at the transaction from No to Yes and proceed with the transaction capture but visa versa is not possible. The record at the Unit Holder level will however not get updated. You will have to manually update the same.

    In case of backdated transactions, if transaction date is less than effective date, system will default the KIID Compliant field to No and then you need to manually override it.

    Short Trade Units Numeric; 27 Characters; Optional

    Specify the short trade units.

    If the unit holder is nominee account, only then system will allow you to capture the short trade units.

    Applicable short trade units will be taken for applying penalty.

    If short trade units is not entered, then the transaction allocation will follow the normal allocation process.
    Units Classification Alphanumeric; 1 Character; Optional

    Specify the units classification code. Alternatively, you can select units classification code from the option list. The list displays valid unit classification code maintained in the system.

    Note: As part of corporate action for merger, split and reverse split, if both from fund and to fund is CDSC fund with USERMNTFIFO ageing Logic, then movement of unit holdings will be in same unit classification bucket.

    Units Classification Description Display

    The system displays the description for the selected units classification code.
    Remarks Alphanumeric; 255 Characters; Optional

    Specify remarks, if any.
    Settlement Date Date Format; Optional

    Specify the settlement date.
    Base Cost Numeric; 15 Characters; Optional

    Specify the base cost details.
    Cancel Instruction Optional

    Select the cancel instruction from the drop-down list. The list displays the following values:

    • Standing Instructions

    You can use this field to indicate whether standing instructions defined in respect of a unit holder, in the selected fund, are to be cancelled. If you select this option, all standing instructions for the transaction is cancelled, including those that are to be generated after an automatic redemption occurs. Select the Standing Instruction option in this field to indicate cancellation of standing instructions.

    If this option has been chosen in the General Operating Rules for the fund, the automatic redemption process generates redemption transactions for unit holders in the fund, with the Cancel Instruction option automatically set.

    If this option has been set for the transaction in this field, the End of Day process cancels all standing instructions (irrespective of the transaction type) for the unit holder in the fund after the outflow transactions (redemption, switch and transfer) involving the unit holder have been allocated for the day.

    Note: Reversal or amendment of an outflow transaction for which Cancel Instruction has been set to Standing Instruction, would re-instate the standing instructions.

    Payment Allowed Optional

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

    • Yes
    • No
    Retain Ageing Optional

    Select if ageing is retained or not from the drop-down list and the default retain ageing value displayed is blank field. The list displays the following values:

    • Yes
    • No
    Age out Preference Alphanumeric; 1 Character; Optional

    Specify the age out preference from which we need to preferably redeem the units during outflow and is applicable for Redemption, Switch and Transfer screens. Alternatively, you can select age out preference from the option list. The list displays all valid age out preference code maintained in the system.

    Based on the Age out preference selection, the system will age out the transactions during outflow. If there is no sufficient balance in the respective buckets, then the system will age out the transactions from other buckets based on fund rule ageing logic.

    The system will consider the following parameter to age out onshore funds based on USERMNTFIFO ageing logic:

    • Unit classification
    • Ageing Sequence
    Age out Preference Description Display

    The system displays the description for the selected age out preference code.
    Gross or Net Optional

    Select if Gross or Net has to be selected from the drop-down list. The list displays the following values:

    • Gross
    • Net
    Communication Mode Mandatory

    Select the mode of communication from the drop-down list. Alternatively, you can select communication mode from the option list. The list displays all valid communication mode maintained in the system.
    Delivery Option Optional

    Select the delivery option from the drop-down list. The list displays the following values:

    • Investment Account
    • Clearing Ac-Against Payment
    • Clearing Ac-Free of Payment
    • Delivery to Custodian
    • Physical Delivery
    • PUEV
  3. Click the Delivery Details button to specify the delivery details.

    For further information on delivery details, refer Transaction Tab in the topic Process FCIS IPO Subscription Detail in this User Manual.

    In case of Pseudo switch between equity funds and money funds, the system will perform the following logic for CDSC load computation:

    Table 3-91 CDSC Load Computation Logic

    Case From units To units Switch out Leg (PS-03) Switch in Leg (PS-02)
    Case 1 Equity Fund CDSC units Equity Fund FEL units Invalid combination. Will be restricted at the screen level Invalid combination. Will be restricted at the screen level
    Case 2 Equity Fund CDSC units Equity Fund CDSC units No CDSC fee will be applied on switch out leg.

    CDSC ageing should be carried forward. Retain ageing flag will be turned on to cater this requirement.

    Switch fee on switch-in leg
    Case 3 Equity Fund CDSC units MMF FEL units CDSC fee on switch-out leg No switch fee on switch-in leg
    Case 4 Equity Fund FEL units Equity Fund FEL units No CDSC Fee Switch fee on switch-in leg
    Case 5 Equity Fund FEL units Equity Fund CDSC units Invalid combination .will be restricted at screen level -
    Case 6 Equity Fund FEL units MMF FEL units No CDSC Fee No switch fee on switch-in leg
    Case 7 MMF FEL units Equity Fund FEL units No CDSC Fee Switch fee on switch-in leg
    Case 8 MMF FEL units Equity Fund CDSC units No CDSC Fee No switch fee on switch-in leg
    Case 9 MMF FEL units MMF FEL units No CDSC Fee No switch fee on switch-in leg

Parent topic: Transaction Switch Detail