3.33.6.2 Maintain Details for Split

This topic provides information on maintaining details for split details.

For fund splits, you must maintain the details mentioned below in the Corporate Actions Maintenance screen. Select the Split option in the Corporate Action Type field.

• Date of split
• ID and ISIN code of the resultant (or child) fund. Specify this in the Resultant Fund section in the screen. If a new resultant fund is to be created by the split, click on the Create Fund link to create the new fund.
• ID and ISIN code of the parent fund. Click on the Split Details link to invoke the Split Details screen, where you can specify the parent fund details.
• The split parent ratio for the split. The parent ratio must be less than the resultant (child) ratio.
• The split Resultant Ration for the split. The parent ratio must be less than the resultant (child) ratio.
• Whether fractional units are allowable as a result of the split. If you indicate so, you can also specify the applicable number of decimals.
• The new par value per unit, for the units being split.
• Whether the split date must be moved forward or backward, if it falls on a holiday.
• Payment lag, if any, for the split.
• Threshold amount.
• Whether or not the split process must be automatically initiated on the split date (the Beginning of Day processes initiate the split 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 split.
• The exchange rate source applicable and the exchange rate date.
• Whether the units to be considered for the split are to be considered as of the transaction date, allocation date or price date.