1.1.9 Unblock Allocation

This topic provides information on unblock allocation.

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

Refer Workflow of Allocation Process for executing the allocation process.

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

Table 1-8 Unblock Allocation

Unblock Allocation	Description
Certificate details	If the fund is scrip based or if the unit holder unblocks units out of issued balance in certificate optional funds, then the certificates are marked as unblocked and can be used for further transaction. For certificate option funds, where certificates are designated as required for block transactions in the fund rules, the allocation of the block transaction will result in certificate generation.
Reflection of allocated units in the system database	If the unblock 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 unblock transactions for the fund The fund transaction counter updating for unblock 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 unblock transaction. Confirmation of the unblock transaction is made after the allocation is successfully completed.

Note:

Amendment of an unblock transaction is not allowed.