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.
- 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.
Parent topic: Dividend Maintenance