3.9.1 Maintain Transfer Switch (Twitch) Lag Maintenance

This topic provides information on maintaining transfer switch (twitch) lag maintenance details.

Twitch is the process of moving units from one Unitholder fund holdings to other Unitholder Fund holdings. It is the integration of both Transfer and Switch and hence known as Twitch. In FCIS, Transfer Switch in Transaction Type is used to implement Twitch functionality.

The End Of Day process is used to generate Transfer Switch Subscription leg. The transfer switch transactions can be unit/amount based and in leg transaction date can be different based on transaction mode (amount/units) even when the transaction happens within the same share class.

You can maintain the lag for the combination of two funds or for two Fund Families of two different unitholders. You can use Transfer Switch Lag Maintenance screen to maintain the lag at Fund or Fund Family level.

You can select AMC Id (from leg) and Fund/Fund Family option to capture various combination of lag maintenance. Transfer switch transaction in funds belonging to different segments can be initiated only for global customers from global segment. You need to select From Fund Id/ Fund Family, To Fund Id/ Fund Family, Switch Lag Option, Switch Lag, and Calendar Basis.