1.5.5 Maintain Cash Dividend for Fund

This topic explains the steps to maintain cash dividend for fund in the Fund Dividend Detail screen.

To maintain details of declaration for a cash dividend for a fund in this screen,:

1. Select the ID of the fund in the Fund ID field.
   If you are entering a INTERIM dividend, the following information is displayed by default in the screen:

   • The Fund Base Currency
   • The Dividend Status (New, if you are entering a new dividend record)
   • The Dividend Number
   • The Dividend Type (Regular)
   • The Dividend From Date
2. You can view the following information by using the specifications made in the Corporate Actions profile for the fund:
   The system defaults the following information:

   • The Freeze Holdings Date
   • The Dividend To Date
   • The Book Closing From and To Dates
   • The Dividend Declare Date
3. For an interim dividend, only the fund base currency, dividend status, dividend number, dividend type (interim) and the dividend from date are defaulted.
   1. Select the Cash Dividend option in the Corporate Action Type field.
   2. If necessary, override any of the defaulted information and make your own specifications.
   3. Specify the exchange rate applicable for the dividend.
   4. Specify the Directors’ Meeting Date if necessary.
   5. Specify the applicable Earnings Per Unit/LOT if applicable.
      If components are applicable for the EPU, click EPU/LOT Component Values link.
      The Fund Dividend Components screen is opened and specify the components as is applicable.
   6. Back in the Fund Dividend Detail screen, you can specify any EPU components that would be used for reporting purposes, by clicking the Report Component Values link.
      The Reporting Components screen is displayed. The list of EPU reporting components is pre-shipped for your installation according to your requirements, and you can specify the EPU values for each reporting component.
   7. If the components are not applicable for EPU and the fund is NPI applicable, then specify the NPI portion of the EPU in the NPI Value field.
   8. Specify the Equalization Rate for dividend if it is applicable for the fund.
   9. Click Show Details button to default the dividend component details.
   10. Select if redemption to be generated or not.
4. Select Zero Distribution for zero distribution of funds in the Process Type field.
   Once this value is selected, the system processes the record with EPU as Zero.
5. For multiple distribution of funds appropriate Distribution Type (dividend, interest, property income distribution) values as maintained in the Fund Rule Maintenance screen are defaulted in the Distribution Type field of the Fund Dividend Detail screen.
6. To enable reinvestments on a different date or on the same date as the payment date, the payment date and reinvestment date fields are defaulted by the system. The payment date is derived using the First/Previous date, last day of the month value, and the frequency. The reinvestment date is derived on the basis of the reinvestment lag value (Fund Rule Maintenance) and the payment date.