1.10 Process Mass Amendment Detail

This topic provides the systematic instructions to reverse a dividend that has been processed.

  1. On Home screen, type UTDMASAM in the text box, and click Next.
    The Mass Amendment Detail screen is displayed.

    Figure 1-7 Mass Amendment Detail


    Description of Figure 1-7 follows
    Description of "Figure 1-7 Mass Amendment Detail"

  2. On Mass Amendment Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 1-9 Mass Amendment Detail - Field Description

    Field Description
    Serial Number Display

    The system displays the serial number.
    Process Mandatory

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

    • Amend
    • Reverse
    Fund ID Alphanumeric; 6 Characters; Mandatory

    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.

    Corporate Action Type Alphanumeric; 1 Character; Mandatory

    Specify the corporate action type.
    Status Optional

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

    • Reverse
    • Reprocess
    ISIN Code Alphanumeric; 12 Characters; Optional

    Specify the ISIN code.
    Old Payment No Alphanumeric; 25 Characters; Optional

    Specify the old payment number.

    Gross or Net Display

    The system displays if the dividend is gross or net for calculation of distribution as maintained in the Corporate Actions tab in the Fund Rule Maintenance screen.

    Dividend Details

    The system will display the following details:

    • Old Payment No
    • Old Dividend No
    • Old EPU
    • Old Equalization Rate
    • Old Process Type
    • From Date
    • To Date
    • Status
    • Stock Dividend Type (Negative or Positive)
    • S D Parent Ratio
    • S D Resultant Ratio
    • Payment Number
    • Dividend Number
    • Earnings / Lot
    • Equalization Rate
    • Processed Type
    • Process Type
    • Distribution Type if cash is the corporate action type.
    Report Component Values
    The system will display the following details:
    • Fund ID
    • Component ID
    • Component Value
    EPU/Lot Component Values The system will display the following details:
    • Fund ID
    • Component ID
    • Component Value
  3. Select Reverse option in the Process field in this screen to signify reversal.
  4. Select Authorize option in the Actions list to authorize the reversal of the dividend.

    After authorization, the reversal is processed by reversing the dividend and reinvestment entries passed, and posting the applicable adjustment entries.

    The system will reverse the normal and negative stock dividends.

Reports for Reprocessing or Reversal of Dividends

  1. Print the reports for reprocessing.

    On the day of execution of reprocessing of dividend, the system prints the Income Advice as part of the End of Day processes, displaying the results of the reprocessing.

    If a reversal has been executed, the Reversal Advice is also printed, containing negative values for all details, to indicate the reversal.

    The following details are displayed:
    • The pre-processing and post-processing values for EPU.
    • The pre-processing and post-processing payment numbers.
    • The pre-processing and post-processing payment amounts in fund base currency.
    • The pre-processing and post-processing tax amounts, in fund base currency.
    • The pre-processing and post-processing reinvestment amounts in fund base currency.

Parent topic: Dividend Maintenance