1.18 Process Guaranteed Funds

This topic provides the systematic instructions on batch processing for Guaranteed Funds.

You need to update the revised fund prices to process adjustments. The Guaranteed Funds batch process will process the adjustments due to price revisions for a period. This is done in the Guaranteed Funds screen.

1. On Home screen, type UTDUFUND in the text box, and click Next.
   The Guaranteed Funds screen is displayed.

   Figure 1-16 Guaranteed Funds

   
   

   
   Description of "Figure 1-16 Guaranteed Funds"

   
   
2. On Guaranteed Funds, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 1-22 Guaranteed Funds - Field Description

   Field	Description
   Processing Type	Mandatory Select whether the batch processing is Interim or Year End Processing from the drop-down list. The list displays the following values: Interim Final
   Processing Date	Date Format; Mandatory Select the processing date from the adjoining calendar.
   From Date and To Dates	Date Format; Mandatory Enter the period for which the price revision is applicable.
   Mock Processing	Optional Check this box if you require the system to carry out a Simulation (Mock GF correction) run. The Simulation run is possible on an Interim as well as Year End basis. The system uses the Mock GF Fund Price for its calculations during these runs. After the successful completion of a Simulation run, the system generates a 16- digit Batch number that you can use for reporting purposes. If you leave the box unchecked, the system treats the run as an Actual run and uses the Actual GF Fund Price. Note: The system does not generate the policy related transaction for a policy holder, if you have checked the Mock Processing option. In the case of investors who have left before the final run occurs, the system does not create any adjustment entries during the Mock GF final run. It indicates the number of units that is to be shared proportionately among existing investors only at the time of the actual final run. The bulk fund price upload for Mock (simulation) run and actual run has to be done separately and two separate interfaces should be maintained for the same.

3. Click the Process button to execute the batch process.

   Consequently, the system will consider all transactions recorded during the mentioned period for Unit Holder – Policy- Fund combination.

   The system will store the following information from the impacted transactions:

   • Batch Processing Type
   • Processing Date
   • From Date
   • To Date
   • UnitholderID
   • Policy Number
   • Transaction Number
   • Transaction Type
   • Transaction Mode
   • Amount Applied
   • Units Applied
   • Unit Price
   • Units Allotted
   • Settlement Amount
   • Revised Unit Price
   • Revised Units Allotted
   • Revised Settlement Amount
   • Difference Units
   • Adjusted Units
   • Action (Subscribe or Redeem)
   • Status
   • Remarks

   The system then recalculates and stores the units allotted, settlement account and unit price for all the relevant transactions.

   Note:

   The system ignores adjustment subscriptions and adjustment redemptions done in the current fiscal year and balance transfer in transactions.

• Formulae used to compute difference in units
  This topic gives instructions on formulae used to compute difference in units.