1.16 Process Mock Dividend Detail

This topic provides the systematic instructions to perform mock processing of dividends, and obtain projections of dividend payment.

Specifications for Mock Dividend Processing

The Oracle FLEXCUBE Investor Servicing provides you the facility of mock processing dividends and obtaining projections of dividend payment.

View the projected details of a dividend that has not been processed through mock processing. You can also view the effect of changes in EPU or stock ratio in respect of a dividend that has been processed.

Note:

  • Mock processing does not perform any actual dividend processing; the details obtained are projected details for viewing only and are not results of actual dividend processing. To perform actual dividend processing, follow the sequence of steps explained under the topics Process Dividend Payments.
  • Mock dividend is not available for negative cash dividends.
  1. On Home screen, type UTDMOCKD in the text box, and click Next.
    The Mock Dividend Detail screen is displayed.

    Figure 1-13 Mock Dividend Detail


    Description of Figure 1-13 follows
    Description of "Figure 1-13 Mock Dividend Detail"

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

    Table 1-12 Mock Dividend Detail - Field Description

    Field Description
    Old Reference Number Display

    For each dividend for which you perform mock processing in this screen, you must provide a unique identification reference number. You can execute the mock processing, and obtain projection reports based on the reference number.

    Click the Default IDR button to default Old Reference Number.

    Projection Type Mandatory

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

    • Mock Dividend
    • Accumulation
    • Accumulation Reversal
    Reference Number Alphanumeric; 16 Characters; Mandatory

    Specify the reference number.
    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.
    Fund Name Display

    The system displays the name of the fund for the selected fund ID.
    ISIN Code Alphanumeric; 12 Characters; Optional

    Specify the ISIN code.

    If you have selected fund ID, the system displays the ISIN code for the selected fund ID. However, you can amend this value.

    • Yes
    • No
    Corporate Action Type Mandatory

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

    • Cash Dividend
    Pay Dividend During Redemption Mandatory

    Select if dividend is paid during redemption or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Number of Decimals for Dividend Numeric; 5 Characters; Mandatory

    Specify the number of decimals for dividend.

    TDS Basis Mandatory

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

    • Each Dividend
    • Fiscal Year
    • Tax Exempt
    EPU Lot Numeric; 6 Characters; Mandatory

    Specify the EPU lot details.
    Exchange Rate Source Alphanumeric; 6 Characters; Mandatory

    Specify the exchange rate source. Alternatively, you can select exchange rate source from the option list. The list displays all valid exchange rate source maintained in the system.

    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.

    Payment Date Date Format; Mandatory

    Select the payment date from the adjoining calendar.
    Project Amendment Optional

    Select if project is amended or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    IDR Exists Optional

    Select if IDR exists or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    NPI Applicable Optional

    Select if NPI is applicable or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Override Unitholder Preference? Optional

    Select if unit holder preference is overridden or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Minimum Amount to be paid out Numeric; 20 Characters; Optional

    Specify the minimum amount to be paid out.
    Special Dividend Mandatory

    Select if dividend is special or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Round Off/Truncate Dividend Mandatory

    Select if dividend is round off or truncate from the drop-down list. The list displays the following values:

    • Round Off
    • Truncate
    Default Distribution Mode Mandatory

    Select the default distribution mode from the drop-down list. The list displays the following values:

    • PayOut - A/C Transfer
    • PayOut - AC Check
    • Full Reinvestment
    EPU Based on Components? Optional

    Select if EPU is based on components or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Threshold Limit Numeric; Mandatory

    Specify the threshold limit.
    Default NPI Payment Optional

    Select default NPI payment from the drop-down list. The list displays the following values:

    • Pay to Fund Trust
    Force Reinvestment of Uncleared Units Optional

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

    • Force Reinvestment
    • No Preference
    Value Date Date Format; Mandatory

    Select the value date from the adjoining calendar.
    Payment Number Numeric; 5 Characters; Optional

    Specify the payment number.
    Can be overridden at payment time? Optional

    Select if the dividend can be overridden at payment time or not form the drop-down list. The list displays the following values:

    • Yes
    • No
    Action Optional

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

    • Hold
    • Reinvest
    Remarks Alphanumeric; 255 Characters; Optional

    Specify remarks, if any.
    FATCA WHT Amount Optional

    Select to deduct the FATCA WHT amount from the drop-down list. Following are the options available in the drop-down list:

    • Yes
    • No
    Dividend Details The following details are displayed.
    Dividend Number Numeric; 5 Characters; Mandatory

    Specify the dividend number
    Distribution Type Alphanumeric; 3 Characters; Optional

    Specify the distribution type. Alternatively, you can select distribution type from the option list. The list displays all valid distribution type maintained in the system.
    Net/Gross Optional

    Select if the dividend is net or gross.
    EPU Numeric; 20 Characters; Optional

    Specify the Earnings per Unit (EPU) for cash dividends. You can provide the EPU based on components. You can also specify any EPU reporting components.

    Equalization Rate Numeric; 20 Characters; Optional

    Specify the equalization rate.
    NPI Value Numeric; 20 Characters; Optional

    Specify the NPI value.
    Exchange Rate Date Date Format; Optional

    Select the exchange rate date.
    Ex Distribution NAV Date Date Format; Optional

    Select ex distribution NAV date from the adjoining calendar.
    Freeze Holdings Date Date Format; Optional

    Select freeze holdings date from the adjoining calendar.
    Dividend Declare Date Date Format; Optional

    Select dividend declare date from the adjoining calendar.
  3. Click the EPU button to view the EPU component details.
  4. Click the Report button to view the Report component details.
    • Component ID
    • Component Value
  5. Specify any EPU components that would be used for reporting purposes, by clicking on the Report Component Values link.
    The Reporting Components screen is displayed. The list of EPU reporting components is pre-shipped for your installation according to your requirements, and you can specify the EPU values for each reporting component.

Parent topic: Dividend Maintenance