1.1 Set Up Distributor Installations
This topic provides instructions to set up a distributor installation.
Features of Distributor Installations
For distributor installations, the distributor is specified as the default institution at the time of installation. The distributor is set up as entity in the system, and the entity record can be viewed through the Entity Maintenance screen. The system defaults and system parameters are maintained for the distributor.
No new distributor entities can be maintained, except the distributor entity created at the time of installation.
Note:
A distributor type of installation is not available unless you have specifically requested for it.Table 1-1 Features of Distributor Installations
| Features | Descriptions |
|---|---|
| Mapping Entities to Distributor |
When unit holder accounts or broker records are set up for new investors /brokers, they can be mapped to the distributor entity. The logic of generation of ID’s for unit holders will include the distributor ID and not an AMC. |
| Investor Account Preferences |
When Income Distribution Setup options, standing instructions, deals, letters of intent, non-tax limits are set up for a unit holder account, they will be applicable to investments entered into at the distributor organization to which the account is mapped. |
| Transactions for Unit Holders |
Since unit holders could subscribe to funds floated by different AMC’s at a distributor installation, transactions are accepted for unit holders into funds that are mapped to different AMC’s. |
| Switching Logic |
The restrictions for switch transactions (switches between different AMC’s) are not applicable in a distributor installation. |
| Funds at a Distributor Installation |
Funds floated by different AMC’s can be set up at the distributor installation. As mentioned earlier, restrictions to switching between funds of different AMC’s will not be applicable. |
Parent topic: Distributor Installations