1.8 Perform FCIS Process Dividend Payment

This topic provides the systematic instructions to initiate the processing for a declared dividend.

Use this screen to initiate the processing for a declared dividend, either for a single fund and corporate action type, or a group of funds and corporate action types, as well as for all funds and corporate action types.

FCIS Process Dividend Payment

  1. On Home screen, type UTDDIPMT in the text box, and click Next.
    The FCIS Process Dividend Payment screen is displayed.

    Figure 1-5 FCIS Process Dividend Payment


    Description of Figure 1-5 follows
    Description of "Figure 1-5 FCIS Process Dividend Payment"

  2. On FCIS Process Dividend Payment screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 1-5 FCIS Process Dividend Payment - Field Description

    Field Description
    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 Description Display

    The system displays the description of the selected Segment ID.
    Fund ID Alphanumeric; 6 Characters; Optional

    Specify the fund ID. Alternatively, you can select fund ID from the option list. The list displays all valid fund ID maintained in the system.
    Fund Name Display

    The system displays the fund name for the selected fund ID.
    Corporate Action Type Display Only

    The corporate action type for which the dividend payment details are being specified is displayed here.
    Recalculate Freezeholding Optional

    Select the recalculate freezeholding status from the drop-down list. The list displays the following values:

    • Yes
    • No
    Process Optional

    Select the process status from the drop-down list. The list displays the following values:

    • Yes
    • No

    Click Populate button to populate the following dividend details.

    • Fund ID
    • Corporate Action Type
    • Distribution Type
    • Dividend Number
    • From Date
    • To Date
    • Freeze Holdings Date
    • Dividend Declare Date
    • Directors Meeting Date
    • Earnings / Lot
    • SD Parent Ratio
    • SD Resultant Ratio
    Recalculate Freezeholding Optional

    Select the recalculate freezeholding status from the drop-down list. The list displays the following values:

    • Yes
    • No
    Process Mandatory

    Select the process status from the drop-down list. The list displays the following values:

    • Yes
    • No

    Note: Select Process flag as Yes against dividend records for which payment has to be processed.

  3. When you open this screen, all funds for which processing of any of the corporate actions are due on the application date are displayed.
    In GTA setup, enter or choose Segment ID value either manually or from adjoining LOV List.
  4. Click the Get Funds button to fetch eligible records for dividend processing.
    The following details are displayed for each fund and corporate action type:
    • The From and To dates for the dividend
    • The freeze holdings date for the dividend
    • The reference number
    • The dividend declare date
    • The earnings per lot (for cash dividends)
    • The stock dividend ratio (for stock dividends)
    • Distribution Type for Corporate Action type as Cash.
  5. Click the Execute Now or process button to process the dividend.
  6. Click the Payment Details button to provide payment details.
    The Fund Payment Details screen is displayed.

Parent topic: Dividend Maintenance