2.32 Perform Emergency Holiday Transaction Processing

This topic provides the systematic instructions to process emergency holiday transactions.

Processing Emergency Holiday Transaction

  • If there are any changes in price date, dealing date or settlement date of previously captured transactions due to emergency holiday those transactions will be logged by the system during Mini EOD. You need to review and confirm all transactions to proceed with EOD. The transactions logged during mini EOD process will be populated based on the criteria.
  • If any of the listed transaction to be excluded, you can manually remove the same before saving. Based on the action selected, system will either confirm the date changes or ignore these transactions. On save, the system will generate a reference number for this batch update.
  • You should review all the applicable transactions to proceed with emergency day EOD. The system will perform mandatory pre-EOD check to show the transactions which are not reviewed for date change.
  • You can use Emergency Day Transaction Processing to review or modify transactions having price date, settlement date, and dealing Date as current date or future date. For unallotted transactions, the system will update transaction date, price date, settlement date and 3-122 dealing date. For unsettled allotted transactions, the system will update settlement date and payment date.

Note:

When we query for emergency holiday transaction, the system will display the emergency holidays in different color (blue color) to differentiate emergency holiday with the normal holidays.
  1. On Home screen, type UTDEMPRC in the text box, and click Next.
    The Emergency Holiday Transaction Processing screen is displayed.

    Figure 2-43 Emergency Holiday Transaction Processing


    Description of Figure 2-43 follows
    Description of "Figure 2-43 Emergency Holiday Transaction Processing"

  2. On Emergency Holiday Transaction Processing screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 2-32 Emergency Holiday Transaction Processing - Field Description

    Field Description
    Reference Number

    Display

    The system generates the reference number during save.

    This field is applicable only for Query option.

    Action

    Optional

    Select the action required for processing emergency holiday from the drop-down list. the list displays the following values:
    • Confirm - select this option to confirm the processing of emergency holiday
    • Ignore - select this option to ignore the processing of emergency holiday
    Filter Criteria The section displays the following fields.
    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 Name Display

    The system displays the name of the selected Segment ID.

    Transaction Number

    Alphanumeric; 16 Characters; Optional

    Specify the transaction number. Alternatively, you can select transaction number from the option list. The list displays the valid transaction number from the option list.
    AMC ID Alphanumeric; 6 Characters; Optional

    Specify the AMC ID. Alternatively, you can select AMC ID from the option list. The list displays the valid AMC ID from the option list.

    AMC Description Display

    The system displays the description for the selected AMC ID.

    Date Type Optional
    Select the date type from the drop-down list. The list displays the following values:
    • Transaction Date
    • Price Date
    • Settlement Due Date
    • Dealing Date
    • Payment Date
    Fund Family Alphanumeric; 6 Characters; Optional

    Specify the fund family. Alternatively, you can select fund family from the option list. The list displays the valid fund family from the option list.
    Fund Family Description Display

    The system displays the description for the selected fund family.
    From Date Date Format; Optional

    Select the from date from the adjoining calendar.
    Fund ID Alphanumeric; 6 Characters; Optional

    Specify the Fund ID. Alternatively, you can select Fund ID from the option list. The list displays the valid Fund ID from the option list.

    Fund Name Display

    The system displays the fund name based on the fund name selected.
    To Date Date Format; Optional

    Select the to date from the adjoining calendar.
    Transaction Type Alphanumeric; 2 Characters; Optional

    Specify the transaction type. Alternatively, you can select transaction type from the option list. The list displays the valid transaction type from the option list.
    Transaction Name Display

    The system displays the name of the selected transaction type.
    Ref Type Alphanumeric; 2 Characters; Optional

    Specify the reference type. Alternatively, you can select reference type from the option list. The list displays the valid reference type from the option list.
    Reftype Description Display

    The system displays the description for the selected reference type.
  3. Click the Fetch button in Transaction Details section.
    The system displays the following values:
    • AMC ID
    • Fund Family
    • Fund ID
    • Transaction Type
    • Ref Type
    • Transaction Number
    • Transaction Date
    • New Transaction Date
    • Price Date
    • New Price Date
    • Settlement Due Date
    • New Settlement Due Date
    • Dealing Date
    • New Dealing Date
    • Payment Date
    • New Payment Date
    The system will update the following attributes for all unallotted transactions which are having transaction date as emergency holiday date:
    • Transaction Date
    • Settlement Due Date
    • Payment Date
    • Price Date
    • Dealing Date
    • FX Deal Date
    • FX Value Date

    For unsettled allotted transactions, the system will update the payment date and settlement due date.

    Example: Assuming all transactions are unallotted.

    Consider the following setup.

    Current day: 05th July

    The transaction attributes will be as follows:

    Table 2-33 Settlement and Price Date

    Fund Transaction Type Holiday Settlement Price Date
    Fund A SUB 9,10 T+2 T+1
    Fund A RED 9,10 T+2 T+1
    Fund A Transfer 9,10 T+0 T+0
    Fund B SUB 6 T+0 T+0
    Fund B RED 6 T+2 T+0

    Consider the following transactions have been identified as impacted by the emergency holiday:

    Table 2-34 Payment Date and Settlement Due Date for transactions

    Fund Transaction Type Transaction Date Settlement Due Date Payment Date
    Fund A Subscription 5-Jul 7-Jul 7-Jul
    Fund B Subscription 5-Jul 5-Jul 5-Jul
    Fund A Redemption 4-Jul 6-Jul 6-Jul
    Fund B Redemption 1-Jul 5-Jul 5-Jul
    Fund B Redemption 4-Jul 7-Jul 7-Jul
    Fund B Switch out 4-Jul 7-Jul 7-Jul
    Fund B Switch In 7-Jul 7-Jul 7-Jul
    Fund B RSP (system generated) 5-Jul 5-Jul 5-Jul
    Fund A Target Yield Switch Out (system generated) 4-Jul 6-Jul 6-Jul
    Fund B Reinvestments (system generated) 8-Jul 8-Jul 8-Jul
    Fund A Dividend payment (system generated) NA 8-Jul 8-Jul
    Fund B Dividend payment (system generated) NA 5-Jul 5-Jul

    Post executing the emergency holiday process, the attributes will be as follows:

    Table 2-35 Payment Date and Settlement Due Date post executing the emergency holiday process

    Settlement Due Date Paid Date Transaction Date Fund Transaction type New Transaction date New Price Date New Settlement Due date New Payment Date
    7-Jul 7-Jul 5-Jul Fund A Subscription 6-Jul 7-Jul 8-Jul 8-Jul
    5-Jul 5-Jul 5-Jul Fund B Subscription 7-Jul 7-Jul 7-Jul 7-Jul
    6-Jul 6-Jul 4-Jul Fund A Redemption Unchanged 6-Jul 7-Jul 7-Jul
    5-Jul 5-Jul 1-Jul Fund B Redemption Unchanged Unchanged 7-Jul 7-Jul
    7-Jul 7-Jul 4-Jul Fund B Redemption Unchanged Unchanged 8-Jul 8-Jul
    7-Jul 7-Jul 4-Jul Fund B Switch out Unchanged Unchanged 8-Jul 8-Jul
    7-Jul 7-Jul 7-Jul Fund B Switch In 8-Jul 8-Jul 8-Jul 8-Jul
    5-Jul 5-Jul 5-Jul Fund B RSP (system generated) 7-Jul 7-Jul 7-Jul 7-Jul
    6-Jul 6-Jul 4-Jul Fund A Target Yield Switch Out (system generated) 4-Jul 6-Jul 7-Jul 7-Jul
    8-Jul 8-Jul 8-Jul Fund B Reinvestments (system generated) Unchanged Unchanged Unchanged Unchanged
    8-Jul 8-Jul NA Fund A Dividend (system generated) NA NA Unchanged Unchanged
    5-Jul 5-Jul NA Fund B Dividend payment (system generated) NA NA 7-Jul 7-Jul

    If there is a weekly price fund C for which the transaction cut off is 5th July for pricing on 8th, the system will consider only transactions captured till 4th July in this cycle (for pricing on 8th). The system will move all transactions captured on 5th July to the next pricing cycle, That is,15th July.

Parent topic: Maintain Reference Information