4.41.6 Validations

This topic provides information about Validations.

• The limit check for switch into source funds will follow the fund rule maintenance (Transaction Limit maintained in Transaction Processing Rule). The system will check if the inflow limit validations is maintained at the fund rules
• Events such as insufficient units, minimum holdings check failure and investor risk level check failure will trigger failure on switch-out of Source fund. These failures will increment the Number of consecutive failures count.
• The system will check for the unit holder risk rating with target fund during execution of F1 (Source to Target switch) and with source fund during execution of F2 (Target to Source) of standing instructions (SI’s).
• The system will check for the expiry date of the unit holder risk profile.
• The system will perform the standard checks on the switch-out leg (for instance, minimum redemption, minimum holding, etc) and switch-in leg (for instance minimum subscription, etc) for F1(Source to Target switch).