3.33.6.3 Maintain Details for Capital Payout

This topic provides information on maintaining details for capital payout details.

For capital payouts, you must maintain the details mentioned below in the Corporate Actions Maintenance screen. Select the Capital Payout option in the Corporate Action Type field.

• Date of capital payout.
• ID and ISIN code of the fund, balances from which are being redeemed and paid out as a result of the capital payout.
• The new par value per unit, for the units being liquidated.
• Whether fractional units are allowable as a result of the capital payout. If you indicate so, you can also specify the applicable number of decimals.
• Whether the capital payout date must be moved forward or backward, if it falls on a holiday.
• Threshold amount.
• Whether or not the capital payout process is to be automatically initiated on the corporate action date (the Beginning of Day processes initiate the capital payout process in the system, if automatic initiation is specified)
• The book closing period that signifies the dates between which transactions into the fund are suspended for processing the capital payout.
• The exchange rate source applicable and the exchange rate date.
• The percentage of the units balance in the fund that are to be liquidated due to processing the capital payout.
• The units that are to be liquidated as part of the capital payout – as of price date of the transaction (all units), transaction date (all or confirmed units) or allocation date (all or confirmed units).
• Whether the payment for the liquidated units is to be made in the unit holders’ base currency or the fund base currency.
• Whether prior capital redeemed units are to be redeemed when the capital payout is processed.