1.12 Process Selected UH Detail

This topic provides information on Dividend Reversal / Amendment for selected unit holders.

When a dividend that has been processed is reversed through the Dividend Reversal/ Reprocess screen, it is reversed for all unit holders for whom the dividend was processed.

If you require reversal of processed dividend for specific unit holders, you can perform the reversal through the Selected UH Dividend Reversal/Amendment screen.

Similarly, if amendment of processed dividend is required for specific unit holders, you can perform the amendment through the Selected UH Dividend Reversal/Amendment screen.

  1. On Home screen, type UTDSELUH in the text box, and click Next.
    The Selected UH Detail screen is displayed.

    Figure 1-9 Selected UH Detail


    Description of Figure 1-9 follows
    Description of "Figure 1-9 Selected UH Detail"

  2. Perform the following operations in this screen:
    • Reverse and / or amend a dividend that has been processed.
    • Select the specific unit holders for whom the reversal or amendment of dividend must be performed.
    • For amendment, indicate whether the freeze holdings computation must be processed again with the amendment in effect, as well as whether appropriate reinvestments in respect of the amended dividend must be generated. For reversal, the freeze holdings recalculation is done as a mandatory process.
    • Perform operations such as editing, viewing or deleting a reversal or amendment which has not been authorized.
    • Have users with requisite rights authorize a reversal or amendment of dividend.
  3. On Selected UH Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 1-10 Selected UH Detail - Field Description

    Field Description
    Operation Optional

    Select the operation that you wish to perform. The following operations can be performed through the screen:

    • Reverse - Reversal of last processed dividend for selected fund and corporate action, for specific unit holders
    • Amend - Amendment of last processed dividend for selected fund and corporate action, for specific unit holders
    Fund ID Alphanumeric; 6 Characters; Mandatory if ISIN Code is not entered

    Select the ID of the fund for which the last processed dividend is being reversed / amended for the selected corporate action, for the specified unit holders.

    To select the fund, you can either indicate the Fund ID or the ISIN Code of the fund. When you select the fund and the corporate action, the Payment Number and Dividend Reference Number of the last processed dividend are also displayed for the combination.

    Serial Number Display

    The system displays the serial number.
    ISIN Code Alphanumeric; 12 Characters; Mandatory if Fund ID is not entered

    Select the ISIN code of the fund for which the last processed dividend is being reversed / amended for the selected corporate action, for the specified unit holders.

    To select the fund, you can either indicate the Fund ID or the ISIN Code of the fund. When you select the fund and the corporate action, the Payment Number and Dividend Reference Number of the last processed dividend are also displayed for the combination.

    Corporate Action Type Alphanumeric; 1 Character; Mandatory

    Select the corporate action for the selected fund that resulted in the dividend, which is being reversed / amended for the specified unit holders.

    When you select the fund and the corporate action, the Payment Number and Dividend Reference Number of the last processed dividend are also displayed for the combination.

    Payment Number Numeric; 5 Characters; Mandatory

    Choose the payment number generated by the system from the option list.
    Status Display

    The system displays the status.
    Payment Date Display

    The system displays the payment date.
    Reference Number Display

    The system displays the reference number.
    Recalculate freezeholdings Optional

    Select if freeze holdings has to be recalculated or not from the drop-down list. The list displays the following values:

    • Yes
    • No

    You can use this field to indicate whether the freeze holdings calculation must be performed again for the amendment to the dividend to come into effect in respect of the selected unit holders. When you enter a reversal in this screen, recalculation of freeze holdings is performed by the system as a mandatory process, when the reversal is processed.
    Processed Type Optional

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

    • Yes
    • No
    Generate Reinvestments Optional

    You can use this field to indicate whether reinvestments resulting from the dividend amendment are to be generated when the amendment is processed, in respect of the selected unit holders from the drop-down list. The list displays the following values:

    • Yes
    • No
    Unit Holder Details The system displays the following details.
    Unit Holder ID Alphanumeric; 12 Characters; Mandatory

    Specific unit holders for whom the reversal / amendment of dividend is to be applicable.
  4. Select Unit Holder ID by clicking the Find button.
  5. Click Add after you have specified the unit holder number.
    Each unit holder you select in this fashion is displayed in the text box.
  6. Click Remove to remove a selected unit holder number from the list.

Parent topic: Dividend Maintenance