2.2 Process Unit Holder Maintenance Detail

This topic provides the systematic instructions to create a new unit holder account in the Oracle FLEXCUBE Investor Servicing (FCIS) system for an investor.

  1. On Home screen, type UTDUH/UTDFH in the text box, and click Next.
    The Unit Holder Maintenance Detail screen is displayed.

    Figure 2-1 Unit Holder Maintenance Detail


    Description of Figure 2-1 follows
    Description of "Figure 2-1 Unit Holder Maintenance Detail"

  2. In the Unit Holder Maintenance Detail screen, you create the account by:
    1. Specify information that will form a profile of the investor. This includes, first, all the mandatory information that is required, and then, any further specifications you might want to make.

      Note:

      You can also copy the details of an existing unit holder, and then modify the copied details as required, by using the Copy UH link.
    2. Save your specifications.
  3. On Unit Holder Maintenance Detail screen, specify the fields.
    For more information on fields, refer to the field description table.

    Table 2-2 Unit Holder Maintenance Detail - Field Description

    Field Description
    Unit Holder ID

    Display

    The system displays the unique number assigned to each unit holder account.

    In case you have input the unit holder ID, the system checks if:
    • The number of characters in the value input is less than 12.
    • The value specified is unique.
    • The last 2 characters (which are the check digits) of the value input are valid using the check digit algorithm for generating unit holder ID.

    If you input the last two characters as 04, the system displays an error message and you are required to enter a new value for the unit holder ID.

    In the case of system-generated ID, the automatic generation of unit holder ID takes place after you have specified all mandatory details for a new account, and clicked the Save button at the Client Information section.

    All your specifications are validated, and upon successful validation, the generated unit holder ID for the account is displayed.

    The logic governing the generation of unit holder ID’s would have been defined for the agency branch where you have created the account, in the agency branch maintenance record.

    This field is not visible when you are creating a new account in the Detail screen. If you are viewing, editing, deleting or amending a previously created unit holder record, then the ID of the account is displayed here, and is non-editable.

    If the unit holder account is being created for a CIF account in FCC, then the unit holder number will be identical to the FCC account number.

    Note: You should define the following System Parameters to enable the generation and validation of unit holder ID:
    • WEIGHTFACTOR
    • MODULAR
    • UHPREFIX
    Reference Number

    Alphanumeric; 12 Characters; Optional

    Specify the reference number.
    CIF Number

    Alphanumeric; 20 Characters; Optional

    Specify the CIF number of the customer for whom you are creating a unit holder account.

    You can also query for CIF number by clicking Find UH button.

    When you specify the CIF number, the name of the corresponding CIF customer is retrieved from the database and displayed alongside the field.

    Also, the default information from the initial unit holder account created for the CIF account is displayed in the fields of this screen. You can override any of these if necessary, and make necessary specifications.
    First / Company Name

    Alphanumeric; 105 Characters; Mandatory

    Enter the First or Company name.
    AMC ID

    Alphanumeric; 12 Characters; Mandatory

    Select the code of the AMC/ Distributor in whose funds the investor wishes to invest, from the list provided. You capture this information for the purpose of identifying the AMC/ Distributor to which the unit holder belongs, and in whose database the unit holder account will reside.
    AMC Description

    Display

    The system displays the description for the selected AMC ID.

    Investor Type

    Mandatory

    Select the type of investor from the drop-down list and the default value displayed is Individual. The list displays the following values:
    • Individual
    • Corporate
    Find UH

    Click Find UH button to search for Unit Holder ID.

    Find CIF

    Click Find CIF button to search for CIF Number.

    The Copy CIF Button

    If you wish to copy the unit holder details from that of an existing unit holder account, click Copy CIF button alongside the CIF Number field. The Unit Holder Find screen is opened, and you can select the unit holder whose details you wish to copy.

    When you have selected the required unit holder, the details of the selected account are written into the respective fields in the UH New Account Detail screen.

    You can make changes to the copied details, if required, and save your changes to create the unit holder account. This feature can only be invoked in the New Mode.

    While creating a unit holder account using the Copy UH link, the system will not copy the KYC details. You need to provide new KYC details as per category selected.

    Copy UH Without KYC button

    Optional

    This button will be enabled upon Query operation. If you click this the system will copy the previous unit holder along with KYC details. When the KYC details are copied from the parent UH the All requested KYC documentation has been received field will be defaulted to No.

    If you want to copy the UH but not KYC details of the previous UH then click Copy UH without KYC. The system will not copy the KYC from the parent UH.

  • Account Details Tab
    This topic explains the account details tab of the Unit Holder Maintenance Detail screen.
  • Individual Dtls Tab
    This topic provides the systematic instructions to specify the personal details for individual investors in the Unit Holder Maintenance Detail screen.
  • Corporate Dtls Tab
    This topic provides the systematic instructions to specify the company details for corporate investors in the Unit Holder Maintenance Detail screen.
  • Contact Dtls Tab
    This topic provides the systematic instructions to specify the contact details for corporate investors in the Unit Holder Maintenance Detail screen.
  • Client Preferences Tab
    This topic provides the systematic instructions to specify the client preferences for corporate investors in the Unit Holder Maintenance Detail screen.
  • ID Details Tab
    This topic provides the systematic instructions to specify the ID details for corporate investors in the Unit Holder Maintenance Detail screen.
  • Bank Dtls Tab
    This topic provides the systematic instructions to specify the bank details for corporate investors in the Unit Holder Maintenance Detail screen.
  • Intermediary Dtls Tab
    This topic explains the intermediary details tab of Unit Holder Maintenance Detail screen.
  • KYC Details Tab
    This topic provides the systematic instructions to maintain KYC details in the Unit Holder Maintenance Detail screen.
  • Document Dtls tab
    This topic provides the systematic instructions to maintain document details in the Unit Holder Maintenance Detail screen.
  • Add Info tab
    This topic provides the systematic instructions to maintain additional Info details in the Unit Holder Maintenance Detail screen.
  • UH Signature Tab
    This topic provides the systematic instructions to upload the document containing unit holder’s signature using the UH Signature tab in the Unit Holder Maintenance Detail screen.
  • Related Parties tab
    TThis topic provides the systematic instructions to maintain related parties details in the Unit Holder Maintenance Detail screen.
  • FATCA Audit Log tab
    This topic provides the systematic instructions to maintain FATCA audit log details in the Unit Holder Maintenance Detail screen.
  • UH KIID Compliance Tab
    This topic provides the systematic instructions to maintain UH KIID compliance details in the Unit Holder Maintenance Detail screen.
  • Delivery Dtls Button
    This topic provides the systematic instructions to capture the delivery details in the Unit Holder Maintenance Detail screen.
  • Beneficiary Dtls Button
    This topic provides the systematic instructions to capture the beneficiary details button in the Unit Holder Maintenance Detail screen.
  • Joint Holder Dtls Button
    This topic provides the systematic instructions to specify the names of any joint unit holders to be considered for joint unitholder accounts, or Either or Survivor accounts.
  • Nominee Dtls Button
    This topic provides the systematic instructions to specify the details of one or more nominees, if any, for the unit holder. A nominee could be an existing unitholder in the system or could be an external entity.
  • Member Dtls Button
    This topic provides the systematic instructions to capture additional investor details pertaining to retirement accounts if the account is of type Retirement in the Member Details screen.
  • Alternate Language Dtls Button
    This topic provides the systematic instructions instructions to specify the customer details and customer contact details in the desired alternate language.
  • Director Details Button
    This topic provides the systematic instructions to maintain the details of boards of directors for a corporate unitholder.
  • Tax Compliance Button
    This topic provides the systematic instructions to enter the tax compliance details.
  • Multiple Tax Details Button
    This topic provides the systematic instructions to enter the multiple tax details.
  • Subscription Button
    This topic explains the subscription button in the Unit Holder Maintenance Detail screen.

Parent topic: Entities - Manage Investor Accounts