2.2.8 Intermediary Dtls Tab

This topic explains the intermediary details tab of Unit Holder Maintenance Detail screen.

At the time of saving the investor’s account, if the client country parameter Verification of Bank Accounts is applicable, the system will save the account with the status Un-Verified. If the client country parameter is not applicable, the account will be saved as Verified.

If the client country parameter Third Party Bank Details is applicable, the system will not allow you to capture random bank details.

In this section, specify the intermediaries (with the respective hierarchies) that will represent the investor in transactions with the AMC. You can also specify applicable commission percentages that each is to receive.

  1. On Unit Holder Maintenance Detail screen, click Intermediary Dtls tab to enter the details.
    The Intermediary Dtls are displayed.

    Figure 2-9 Unit Holder Maintenance Detail_Intermediary Details Tab


    Description of Figure 2-9 follows
    Description of "Figure 2-9 Unit Holder Maintenance Detail_Intermediary Details Tab"

  2. On Intermediary Dtls tab, specify the fields.
    For more information on fields, refer to the field description table.

    Table 2-12 Intermediary Dtls - Field Description

    Field Description
    Broker Details Section

    The section displays the following fields.
    Broker ID

    Alphanumeric; 12 Characters; Optional

    Select the Broker ID preferred by the investor, from the list. The corresponding information regarding the Broker Name and Parent Broker Name will automatically be populated in the adjoining fields on selection of the Intermediary.

    The broker can be selected by specifying the broker code or the name (or part of the name) and click on the adjacent option list. System will search for brokers with broker code or name having the given search string. In addition system will have a search option based on the legacy code in the option list.
    Broker Name

    Display

    The system displays the broker name for the selected Broker ID.

    Parent Broker Name

    Display

    The system displays the parent broker name for the selected Broker ID.

    Split Percentage

    Numeric; 5 Characters; Mandatory if you select any broker in the Intermediary field.

    Specify the percentage of the commission that the selected broker is entitled to receive on any transactions put through for the investor.

    This percentage must not exceed one hundred percent.

    Note: If you specify more than one broker in this section, then the split percentages for all brokers, when summed up, must not exceed or fall below one hundred percent.

    Default

    Optional

    Select Yes to identify the broker that is to be reckoned as the default broker for the investor in the system. In the desired row, check this box.

    Advise Mode

    Optional

    Select the mode of advise from the adjoining drop-down list. Following are the options available:
    • Select One
    • Independent
    • Advised
    Intermediary Details

    If the client country parameter TXNBROKERS is set to false for your installation, you can enter agent-agency branch as Intermediary.

    You can select at least one set of Agent, Agency branch, Account Officer and IFA combination as part of unit holder. The intermediaries maintained during unit holder creation get defaulted during Transaction, Bulk Transactions and Standing Instruction maintenance and can be overridden.
    Entity Type

    Alphanumeric; 1 Character; Optional

    Select the entity type that has been identified as the intermediary for the transaction.
    Entity ID

    Alphanumeric; 12 Characters; Optional

    For each Entity Type, specify the intermediary in this field. The name of the selected intermediary is displayed in the Entity Name field.

    While entering a transaction, system will default the intermediary specified here. However, you can override the defaulted value.
    Entity Name

    Display

    The system displays the name of the entity for the selected Entity ID.

    Split Percentage

    Numeric; 5 Characters; Optional

    Specify the percentage of the commission that the selected intermediary is entitled to receive on any transactions put through for the investor.
    Default

    Optional

    Select Yes to identify the intermediary that is to be reckoned as the default intermediary for the investor in the system.

    Advise Mode

    Optional

    Select the advise mode from the drop-down list. The list displays the following values:
    • Advised Business
    • Independent

Parent topic: Process Unit Holder Maintenance Detail