1.8.1 Payment Details

This topic explains the Payment Details of FCIS Process Dividend Payment screen.

1. On the FCIS Process Dividend Payment screen, click the Payment Details button.
   The Fund Payment Details screen is displayed.
2. On Fund Payment Details, specify the fields.
   For more information on fields, refer to the field description table.

   Table 1-6 Fund Payment Details - Field Description

   Field	Description
   Fund ID	Display The system displays the fund ID.
   Corporate Action Type	Display The system displays the corporate action type.
   Issue Date	Date Format; Optional Enter the Date on which the Dividend Payment is to be issued. This date must be before or the same as the application date. By default, the application date is displayed here
   Payment Date	Date Format; Optional Enter the Date on which the Dividend Payment is to be done. This must be later than or the same as the application date and must be before the next payment end period. The system defaults the payment date for the dividend as follows: Dividend Payment Date = Last dividend processed date + Dividend payment frequency + Payment lag, if any. You can override the defaulted date. If you do so, the date you specify must not be earlier than the application date. If the payment date is a system/Fund/Currency holiday then the system will display an error message as The payment Date cannot be a holiday. The currency calendar of the fund base currency of the respective fund will be used for currency calendar validation. If the entered payment date is less than the dividend process date (application date), the system will display an error message as Payment Date cannot be less than dividend process date. If the value date (reinvestment transaction date) field is less than the application date, then the system will display an error message as Reinvestment value date cannot be less than the application date.
   Reference Number	Alphanumeric; 20 Characters; Optional Enter the Reference Number for the dividend payment.
   Exchange Rate Source	Alphanumeric; 6 Characters; Optional The system displays the exchange rate source. However, you can amend this value. Note: Exchange rate defaulting logic will default from default setup where user has overridden or given a source, system will give preference to overridden value.
   Min. Amount for Payment	Numeric; 22 Characters; Optional Specify the minimum amount that can be paid out as dividend, through the dividend payment that you are processing. For a unit holder, if the dividend to be paid falls below this amount, it is distributed according to the Default Distribution Mode defined for the fund and the Income Distribution options (IDS) specified for the unit holder is ignored.
   Remarks	Alphanumeric; 255 Characters; Optional You can specify any narrative for the dividend payment, as free format text, in this field.

• Fund Bank Details
  This topic explains the Fund Bank Details in the Payment Details of FCIS Process Dividend Payment screen.