2.18 Process Capital Call Clearing Detail

This topic provides the systematic instructions to track the collections made against the tranches done.

It is available in AGY module. In case of LCL and GLB payments, the respective AGY to be logged in for payment clearing.

1. On Home screen, type UTDCCCLR in the text box, and click Next.
   The Capital Call Clearing Detail screen is displayed.

   Figure 2-41 Capital Call Clearing Detail

   
   

   
   Description of "Figure 2-41 Capital Call Clearing Detail"

   
   
2. On Capital Call Clearing Detail screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 2-42 Capital Call Clearing Detail - Field Description

   Field	Description
   Tranche Number	Alphanumeric; 16 Characters; Mandatory Specify the tranche number. Alternatively, you can select tranche number from LOV which list all the values available in the system.
   Fund ID	Alphanumeric; 6 Characters; Optional Specify the fund ID of the tranche.
   Tranche Reference Number	Alphanumeric; 16 Characters; Optional Specify the Tranche Reference Number.
   Unit Holder ID	Alphanumeric; 12 Characters; Optional Specify the Unit Holder ID of the tranche. Click Find UH button to list all unitholders available in the system.
   Operation Type	Alphanumeric; 3 Characters; Optional Specify the operation type of clearing and the default value displayed is View All. The list displays the following values: View All View Cleared View Rejected Clearing - Pending Clearing Authorize - Unauthorized Cleared/Rejected View Tranche Revoked Delete Clearing
   Show Details button	Click Show Details button to display the eligible tranche transaction records available for the operations to perform. User can choose either Cleared or Rejected option for any record that has not been Cleared/Rejected/Tranche Revoked and the default Payment Status for this will be Pending Clearing. when the operation is Clearing - Pending Clearing, following fields are enabled, Clearing Date Payment Status Remarks Late Paid Number of Days Delayed Penalty Interest
   Submit button	Click Submit button to perform Clear, Authorize, or Reject operation. This button will be disabled for all sort of view operations. Once the record is Cleared/Rejected, records will be available for authorize operation. Before authorization of a record, if the maker wishes to reset the payment status for that record, then it can be done through Delete Clearing operation. Once cleared records are Authorized, system will generate the transactions with following attributes: Ref Type – CC Transaction Mode will be Amount based Gross Type Payment Mode as Transfer Auto Authorized Remarks – Capital Call Transaction Transaction Sub Type – (P - Capital Call) Clearing Date will be taken as user overridden transaction date that excludes cutoff time derivation on the transaction date. Investor should have a Default Bank account for fund base currency and the system will validate it before clearing the records. Even if transaction date basis is closing date, paid date and settlement date will be the actual clearing date. Transaction will be auto/system generated with the transaction date being equal to the clearing date or closing date. This will be based on fund capital call maintenance. Maker ID/ Checker ID will be authorizer ID of clearing record. Clearing Date must be less than or equal to Application Date. In GTA Setup, Clearing has to be done from their respective AGY branches. Transaction number will be visible once the transaction is successfully generated. Capital Call transactions will be allocated with Allocation Price maintained in tranche maintenance screen during subsequent EOD. Factors such as Allocation Lag, Price Lag and Specific Fund Price - Cut off are not considered for the same. Capital Call transactions are excluded as Part of NAV correction process. Except Allocation and NAV correction, there is no impact on other process like Dividend processing, Corporate Actions, etc., Reversal of UT or Modification of UT transaction will not impact commitment utilization. In case of failure, error message and its reason will be displayed in the screen. During clearing of UH commitment record, If (amount already utilized + Capital Call Threshold amount) > = Current UH commitment amount. Then system will mark the record as complete. Capital Call Threshold Amount is maintained as a parameter in the system. Clearing cannot be executed at same time for same fund from two different AGY branches. Pre-EOD check is done at AGY Level and Branch Sign off Level to validate Number of Unauthorized Capital Call Clearing records.
   Reset button	Click this button to reset the given values.
   Clearing Details	The section displays the following fields.
   Process	It displays if process for clearing details is applicable or not from the drop-down list. The list displays the following values: Yes No
   Authorization Status	Display It displays the status of the capital call clearing record.
   Clearing Date	Specify the clearing date of the unitholder commitment record.
   Payment Status	Display It displays the payment status of the unitholder commitment record.
   Remarks	Specify the remarks of the unitholder commitment record.
   Commitment Number	Display It displays the commitment number.
   Unit Holder ID	Display It displays the unitholder ID.
   Unitholder Tranche Amount	Display It displays the unitholder tranche amount.
   Capital Call Currency	Display It displays the fund capital call currency.
   Late Paid	Select if user has cleared payment lately or not from the drop-down list. The list displays the following values: Yes No
   Number of days delayed	Specify the number of days delayed.
   Penalty Interest	Specify the number of days penalty interest for late payment.
   Transaction Number	Display It displays the UT transaction number.
   Transaction Result	Display It displays the UT transaction generation result.
   Failure Reason	Display It displays the failure reason.