1.6 Process FCIS LEP Back Data Propagation Detail

This topic provides the systematic instructions to create a LEP transaction that has not been entered for a policy holder, delete existing erroneous data and modify certain details for an existing record.

  1. On Home screen, type LEDROPLE in the text box, and click Next.
    The FCIS LEP Back Data Propagation Detail screen is displayed.

    Figure 1-9 FCIS LEP Back Data Propagation Detail


    Description of Figure 1-9 follows
    Description of "Figure 1-9 FCIS LEP Back Data Propagation Detail"

  2. Use FCIS LEP Back Data Propagation Detail screen to modify or delete a transaction, you can specify the required operation, the original transaction number and change the details or delete the transaction.
  3. Use FCIS LEP Propagate Transaction Detail screen to create a new record however, you are required to enter a new and unique transaction number along with the other details of the transaction.
    Subsequently, you need to select the new transaction number in the FCIS LEP Back Data Propagation Detail screen to propagate the new record.
  4. On FCIS LEP Back Data Propagation Detail, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 1-7 FCIS LEP Back Data Propagation Detail - Field Description

    Field Description
    Basic Information

    This section displays the following details.
    Propagation Reference Number

    Display

    The system generates a unique number for each propagation process.
    Unit Holder ID

    Alphanumeric; 12 Characters; Mandatory

    Specify the UH for which the propagation is being done. You can use the UH Find button to select the required UH.

    Unit Holder Name

    Display

    The system displays the name of the selected UH.
    Propagation Date

    Display

    The system displays the application date here.
    Transaction Information

    This section displays the following details.
    Operation

    Optional

    Select from the adjoining drop-down list, the kind of propagation operation that is to be done. The options are:
    • New
    • Modify
    • Delete

    The data that you are required to enter from here on depends on the type of operation you have selected.
    Policy Number

    Alphanumeric; 16 Characters; Mandatory only if the Operation is Modify

    Specify the policy number for which you want to propagate back data. You can also select the policy number from the adjoining option list. The list contains the reference numbers of all authorized policies.
    Transaction Type

    Optional

    Select, from the adjoining drop-down list, the type of transaction to be propagated. The options are:
    • Policy Initial Investment
    • Topup
    • Switch
    • Surrender
    • Annuity
    • Premium
    • Recurring Switch
    To Unit Holder Name

    Display

    The system will display the name of the unit holder selected.
    Initial Investment Amount

    Numeric; 30 Characters; Mandatory if Transaction Type is Policy Initial Investment

    Enter the initial investment amount for the policy.
    Old Transaction Number

    Alphanumeric; 16 Characters; Mandatory if Operation is Delete

    Enter the transaction number of the transaction that you wish to delete or modify.
    New Transaction Number

    Alphanumeric; 16 Characters; Mandatory if Operation is New

    Specify a new unique transaction number for a transaction that you wish to create. You can also select the transaction number from the adjoining option list. The list contains the reference numbers for all the transactions that were created in the FCIS LEP Propagate Transaction Detail screen.

    Transaction Currency

    Alphanumeric; 3 Characters; Mandatory if Operation is Modify

    Specify the currency in which the new transaction is to be reckoned.
    Transaction Mode

    Mandatory if Operation is Modify

    Select the mode of transacting from the adjoining drop-down list. The options are:
    • Amount
    • Percent
    • Units
    Amount Applied

    Numeric; 30 Characters; Mandatory if Transaction Mode is Amount

    If the transaction mode is amount, specify the amount for the transaction.
    Percent

    Numeric; 5 Characters; Mandatory if Transaction Mode is Percent

    If the transaction mode is percent, specify the percentage.
    Units

    Numeric; 27 Characters; Mandatory if Transaction Mode is Units

    If the transaction mode is units, specify the number of units for the transaction.
    Transaction Category

    Optional

    Select the transaction category from the drop-down list. The list displays the following values:
    • Legacy
    • Advised Business
    • Execution Only
  5. Click Save after entering the requisite details.
    The system will propagate the transactions (and commissions) as per the operation specified and generate a detailed report.
  6. If any of the following transactions have taken place during the data propagation period, the system will take these into account along with the original data for reiteration:
    • Dividend payout or re-investment transaction
    • Annuity, recurring switches, recurring premium or surrender transactions
    • Applicable loads
    • Annuity Journals
    • Periodic fees
    • CGT Recovery Transactions

Parent topic: Back Data Propagation