3.6 Process Unit Holder LOI Setup Detail

This topic provides the systematic instructions to set up the options requested by the investor for a Letter of Intent.

In Oracle FLEXCUBE Investor Servicing, you can set up any or all of the following options for investors who choose to invest through a Letter of Intent, at the investor’s behest:

1. The period during which the Letter of Intent will be fulfilled.
2. The amount indemnified in the Letter of Intent.
3. The load group in which the investor seeks to invest, through a Letter of Intent.
4. The applicability of standing instruction transactions as a means of fulfilling Letter of Intent (i.e., reducing the LOI used up amount).
5. The applicability of transactions put through earlier than the Letter of Intent period start date, as a means of reducing the Letter of Intent used up amount. Any period earlier than the start date is known as a Prior Period.
6. The duration of a prior period, if applicable.
7. For an LOI investor, you can designate any transaction requested by the investor as an LOI transaction, at the investor’s request. By so doing, the transaction will be taken into account to reduce the used up Letter of Intent amount.

Note:

For an investor, you can only set up one Letter of Intent options record for a load group.

1. On Home screen, type UTDUHLOI/ UTDUHLOA in the text box, and click Next.
   The Unit Holder LOI Setup Detail screen is displayed.

   Figure 3-8 Unit Holder LOI Setup Detail

   
   

   
   Description of "Figure 3-8 Unit Holder LOI Setup Detail"

   
   
2. On Unit Holder LOI Setup Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 3-9 Unit Holder LOI Setup Detail - Field Description

   Field	Description
   Apply At	Mandatory Select the applicability of the Letter of Intent setup to all unit holders under a CIF Account from the drop-down list. The list displays the following values: UH Level CIF Level
   First Name	Display The system displays the first name of the unit holder.
   UHID/CIF No.	Alphanumeric; 12 Characters; Mandatory Select the CIF unit holder for whom you are creating the Letter of Intent options from the list. When you specify the CIF number, the name of the corresponding CIF account is retrieved from the database and displayed alongside the field. All the unit holder accounts under the CIF account that you have selected are listed in the option list in the unit holders for CIF field.
   LOI Number	Alphanumeric; 12 Characters; Optional Specify the LOI Number.
   LOI End Date	Date Format; Mandatory Indicate the latest date by which the investor would fulfill the amount indemnified in the Letter of Intent.
   LOI Start Date	Date Format; Mandatory Indicate the date on which the period of the Letter of Intent commences. Following this date, the investor will have to fulfill the Letter of Intent. If a prior period is applicable, then the duration of the prior period is reckoned from the date you specify here.
   Prior Period Applicable	Mandatory Select if prior period is applicable or not from the drop-down list. The list displays the following values: Yes No
   Prior Period Duration	Numeric; 3 Characters; Mandatory Specify the duration of the prior period (in days), to be reckoned from the Letter of Intent period start date. If a prior period is specified, the used up amount on an LOI must be updated during authorization, based on the transactions that have been allocated before the LOI start date, within the prior period.
   LOI Currency	Alphanumeric; 3 Characters; Mandatory Specify the LOI currency in which the Letter of Intent amount will be deemed.
   Currency Name	Display The system displays the name of the currency for the selected LOI currency code.
   LOI Amount	Numeric; 18 Characters; Mandatory Specify the LOI Amount.
   Include Standing Instructions	Mandatory Select the applicability of standing instruction transactions as a means of reducing the Letter of Intent used up amount from the drop-down list. The list displays the following values: Yes No
   Group ID	Alphanumeric; 6 Characters; Mandatory Specify the load group in which the investor seeks to invest, through the Letter of Intent.
   LOI Status	Mandatory Select the LOI status from the drop-down list. The list displays the following values: Active Cancel
   Remarks	Alphanumeric; 255 Characters; Optional Specify remarks, if any.
   Used-up Amount	Numeric; 30 Characters; Optional On any given date after the LOI start date, specify the amount that reflects the portion of the Letter of Intent amount that the investor has already fulfilled as on that date. When you are creating the Letter of Intent options for the investor for the first time, this field contains a Zero value. After making your specifications, save your changes by clicking the Save button. This setup must be authorized for it to be effective.