1.8.1 Transaction Details Tab

This topic explains the transaction details tab of FCIS LEP Propagate Transaction Detail screen.

  1. On FCIS LEP Propagate Transaction Detail screen, click Transaction Details tab to enter the basic details for the transaction along with the exchange rates to be used.
    The Transaction details are displayed.

    Figure 1-12 FCIS LEP Propagate Transaction Detail_Transaction Details


    Description of Figure 1-12 follows
    Description of "Figure 1-12 FCIS LEP Propagate Transaction Detail_Transaction Details"

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

    Table 1-9 Transaction Details - Field Description

    Field Description
    Policy Details

    This section displays the following details.
    Transaction Date

    Date Format; Mandatory

    Specify the date for the transaction.
    Transaction Currency

    Alphanumeric; 3 Characters; Mandatory

    When different currencies have been used in payment details, then you are required to enter the transaction currency.
    Transaction Amount

    Numeric, 30 Characters; Mandatory

    Specify the investment amount of the transaction.
    Txn Type

    Alphanumeric; 2 Characters; Optional

    Select the Transaction Type. Alternatively, you can select transaction type from the option list. The list displays all valid transaction type maintained in the system.
    Phase In To Be Cancelled

    Alphanumeric; 16 Characters; Optional

    You could choose to cancel all, none or specific IDs of the active Phase-In setup.
    Include Interest in Investment

    Optional

    Select, from the adjoining drop-down list, if the interest earned on the initial investment should be considered along with the initial investment for investment in the policy.
    • If you select Yes, the interest amount will be included in the investment and a single transaction will be generated for both. You need to manually add the interest amount calculated in the settlement details to the transaction amount of the particular currency in the asset allocation details.
    • If you select No, the interest amount will be generated as a separate UT transaction.
    Interest Amount

    Numeric; 18 Characters; Optional

    Specify the interest amount based on the interest calculation days and interest rate provided.
    Transaction Entry Date

    Date Format, Mandatory

    The Transaction Entry Date signifies the date on which the transaction is entered into the system. By default, the application date is displayed in this field, and it cannot be altered.
    Transaction Mode

    Mandatory

    Select the transaction mode from the drop-down list. The list displays the following values:
    • Amount
    • Unit
    • Percent
    Top Up Inclusive

    Optional

    Select if the transaction is an inclusive top up transaction or not from the drop-down list. The list displays the following values:
    • Yes
    • No

    When a top up is inclusive, the top up amount is considered immediately for the next annuity payment. If it is an exclusive top up, the top up amount is not considered for annuity payments till after the first anniversary date.
    Portfolio Switch

    Optional

    Select if portfolio switch is considered or not from the adjoining drop-down list. The list displays the following values:
    • Yes
    • No
    Portfolio Surrender

    Optional

    Select if portfolio surrender is considered or not from the adjoining drop-down list. The list displays the following values:
    • Yes
    • No
    Surrender Money Payable

    Alphanumeric; 1 Character; Optional

    Specify the surrender money payable details.

    Refer to the topic Maintaining System Parameters for further information on the System Parameters Maintenance screen.

    Transaction Category

    Mandatory

    Select the transaction category from the adjoining drop-down list. Following are the options available:
    • Legal
    • Advised Business
    • Execution Only
    Exchange Rate Details

    This section displays the following details.
    Amount Applied

    Numeric; 30 Characters; Optional

    Specify the amount calculated based on the exchange rate specified.
    Source ID

    Alphanumeric; 6 Characters; Optional

    Specify the source from which the exchange rate is obtained or select the source ID from the option list provided.
    Exchange Rate Applied

    Numeric; 21 Characters; Optional

    Specify the exchange rate applied.
    Override Exchange Rate

    Optional

    Select the option to indicate if you wish to override the exchange rate that gets defaulted. Select Yes to indicate that you want to override the exchange rate and No to indicate otherwise.

  3. Click the Calculate button to calculate the amount using the exchange rate specified.
    The interest amount associated with the policy transaction also gets converted to policy base currency based on the exchange rate specified.

Parent topic: Process FCIS LEP Propagate Transaction Detail