1.1.7 Transfer Allocation

This topic provides information on transfer allocation.

Select the option Transfer in the Transaction Type of Allocation Detail screen to trigger the allocation of unallotted transfer transactions on a business day.

Refer Workflow of Allocation Process for executing the allocation process.

For more information on Transfer allocation, refer to the field description table.

Table 1-6 Transfer Allocation

Certificate details	Description
Certificate details	If the fund is scrip based or if the unit holder transfers out of issued balance in certificate optional funds, the certificates are reissued in the name of the unit holder to whom it is being transferred if the transferee opts for certificates. The reassigned certificates can be printed using the Certificate Printing option in the Browser menu.
Amended transfer transactions	If an amended transfer is allocated then the following changes are reflected after the allocation - first, the changes affected by the original transfer are reversed and the current amended transfer is reallocated.
Reflection of allocated units in the system database	If the transfer transaction is successfully allocated through this menu item, the changes are reflected in the following data stores in the database: The unit holder’s balance in the fund The unit holder counter updating for transfer transactions for the fund The fund transaction counter updating for transfer transactions The outstanding units for the fund Loads (fee/incentive) between the various entities (fund manager - broker, unit holder, agent, etc.) are logged Fund certificate details updating, if the transaction is scrip based If any of these counter limits is exceeded or if any of the fund rules set up at the Fund Manager are violated then an error is logged against the transfer transaction. Confirmation of the transfer transaction is made after the allocation is successfully completed.

Note:

Only reversal is allowed for certificate based transfer transaction.