1.6.1 Maintenance Activities

This topic contains the information to perform maintenance activities in Redemption transactions.

FCIS allows you the option of redeeming the units that have been provisionally allocated to you by the system when you enter into a subscription transaction. Redemption transactions can be linked to unsettled inflow transactions as well as settled inflow transactions.

The maintenance you have to carry out is explained below:

Figure 1-3 Transaction Processing Rules_Policies _Link to Unsettled Trades

Description of "Figure 1-3 Transaction Processing Rules_Policies _Link to Unsettled Trades"

Specify, for a fund, whether or not a redemption transaction can be linked to unsettled inflow transactions. This can be done in the Policies tab of the Transaction Processing Rules screen where you may:

• Select the transaction type as Redemption
• Select the option YES against the field Link to Unsettled Inflows? to indicate redemption transactions can be linked to unsettled inflow transactions.
• Select the option NO against the field Link to Unsettled Inflows? to indicate redemption transactions can be linked to settled inflow transactions only.

Note:

Though, during amendment, you are allowed to change the status of the field Link to Unsettled Inflows? from YES to NO, this is not recommended. You may however change the status from NO to YES.

Refer topic Setting Up Fund Rules (II) in Fund Setup User Manual for further information on the Transaction Processing Rules screen.