1.1.10 Consolidation Allocation

This topic provides information on consolidation allocation.

Select the option Consolidation in the Transaction Type of Allocation Detail screen to trigger the allocation of unallotted consolidation transactions on a business day.

Refer Workflow of Allocation Process for executing the allocation process.

For more information on Consolidation allocation, refer to the field description table.

Table 1-9 Consolidation Allocation

Consolidation Allocation	Description
Certificate details	The certificate numbers are also affected by the consolidation transaction. The certificates are consolidated based on the certificate denomination details defined in the fund rules or as requested by the unit holder and a single certificate is issued for the units consolidated.
Reflection of allocated units in the system database	If the consolidation transaction is successfully allocated through this menu item, the changes are reflected in the following data stores in the database: The unit holder counter updating for consolidation transactions for the fund The fund transaction counter updating for consolidation transactions Loads (fee/incentive) between the various entities (fund manager - broker, unit holder, agent, etc.) are logged Fund certificate details updating, if the transaction is scrip based If any of these counter limits is exceeded or if any of the fund rules set up at the Fund Manager are violated then an error is logged against the consolidation transaction. Confirmation of the consolidation transaction is made after the allocation is successfully completed.

Note:

Amendment of a consolidation transaction is not allowed.