1.9 Process Dividend Reinvestments

This topic provides the systematic instructions to trigger the processing of any reinvestment transactions resulting out of dividend processing, for both cash and stock dividends.

When you open this screen, the funds and corporate action types for which reinvestments are due to be processed as on the application date are displayed.

• The system defaults the Value Date for the reinvestment transactions as the application date, if there is no lag specified for reinvestments in the Corporate Action profile.
• If a lag is specified, then the Value Date is defaulted accordingly. You can override the defaulted date, if necessary.

You have the facility to change the reinvestment date to a previous date, called backdating. In the payment date field you have the option to specify the date, here you may enter a previously specified date, in case you receive a delayed instruction from the client on the reinvestment.

For instance, a dividend period from 01 July to 31 July has the date of Dividend Payment processing as 15 August. You can change the date to the 1 August, which is accepted by the system.

1. On Home screen, type UTDPRRIN in the text box, and click Next.
   The Process Dividend Reinvestments screen is displayed.

   Figure 1-6 Process Dividend Reinvestments

   
   

   
   Description of "Figure 1-6 Process Dividend Reinvestments"

   
   
2. On Process Dividend Reinvestments screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-8 Process Dividend Reinvestments - Field Description

   Field	Description
   Segment ID	Alphanumeric; 12 Characters; Optional Specify the segment ID. Alternatively, you can select the segment ID from the option list. The list displays all valid segment IDs maintained in the system. Note: Segment ID is mandatory in Global Transfer Agency(GTA) Setup. In Non GTA Setup, Segment ID will be defaulted to value FMG.
   Segment Description	Display The system displays the description of the selected Segment ID.

3. View the following details for each reinvestment record.
   The following details are displayed:

   • The ID of the fund
   • The Corporate Action Type
   • The Payment Number of the dividend that resulted in the reinvestment transaction
   • The Payment Date of the dividend
   • The Value Date for the reinvestment transactions
   • The Process

• Process in GTA Setup
  This topic provides the systematic instructions to process in GTA Setup.
• Process in Non-GTA Setup
  This topic provides the systematic instructions to process in Non-GTA Setup.
• Process all the records at the same time
  This topic provides the systematic instructions to process all the records at the same time.