3.45 Process Capital Call Tranche

This topic provides the instructions to invoke capital call tranche screen details.

You can capture the details of the Tranches being made by the Fund Manager using Capital Call Tranche Detail screen. It is available in FMG module. The query operation in Gateway and REST features are supported. There can be only one active Tranche for a fund at a time.

  1. On Home screen, type UTDCCTRH in the text box and click Next.
    The Capital Call Tranche Detail screen is displayed.

    Figure 3-58 Capital Call Tranche Detail


    Description of Figure 3-58 follows
    Description of "Figure 3-58 Capital Call Tranche Detail "

    Figure 3-59 Capital Call Tranche Detail - Tranche Details


    Description of Figure 3-59 follows
    Description of "Figure 3-59 Capital Call Tranche Detail - Tranche Details"

  2. Select New from the Actions menu in the Application tool bar or click New icon to enter the details.
  3. On Capital Call Tranche Detail screen, specify the fields.

    For more information on fields in the screen, refer the below table.

    Table 3-81 Capital Call Tranche Detail

    Field Description
    Fund ID Alphanumeric; 6 Characters; Mandatory

    Specify the Fund ID of the tranche.
    Tranche Number Alphanumeric; 16 Characters; Mandatory

    Specify the Tranche Number entered by the user.
    Tranche Reference Number Alphanumeric; 16 Characters; Optional

    Specify the system generated Tranche Reference Number.
    Fund Name Display

    It displays the name of the Fund ID
    Tranche Amount Mandatory

    Specify the Tranche amount.
    Tranche Date Mandatory

    Specify the Tranche date.

    Note:
    • Tranche date will be defaulted as current date. Backdated and Future Dated Tranche Date is not supported.
    • The client country setup REVFUTURETXN should be turned off to allow reversal of future dated transactions.
    • The client country setup TRHAUTHREKEYREQ should be turned on to enable Rekey feature support for the system.
    Capital Currency Display

    It displays the capital currency.
    Total capital required Display

    It displays the total capital required.

    Tranche Percentage on Outstanding Display

    It displays the tranche percentage on Outstanding.

    It is Calculated as = (Tranche Amount/ Sum Of UH outstanding commitment Amount) *100.

    Click on OK once you entered the details.

    Other Details

    Table 3-82 Capital Call Tranche Detail

    Field Description
    Allocation Price Mandatory

    Specify the price at which units for tranche transactions will be allocated.
    Tranche Revoked Optional

    Select if tranche revoked is applicable to the fund or not from the drop-down list and the default value displayed is No. The list displays the following values:

    • Yes
    • No

    System will allow the user to revoke a tranche. When tranche is revoked, tranche status will be updated as Tranche Revoked as part of FMG EOD.

    Tranche is revoked,

    • When status of a tranche transaction for all investors is pending clearing, on reversal of Tranche, system will mark all pending clearing records for that particular drawdown as Tranche Revoked.
    • When few Investors are cleared and few are pending clearing, on reversal of Tranche,
      • For cleared records, transaction will be reversed, in case if transactions are already generated.
      • For pending clearing records, transaction status will be updated as Tranche revoked.
    • When status of a tranche transaction for all investors is cleared, on reversal of Tranche, generated transactions will be reversed completely.

    Reversal of transactions will happen as part of a new FMG EOD Batch. Mini EOD support is also provided for the batch.
    Remarks Alphanumeric; 255 Characters; Optional

    Specify the Remarks.

    Notice Period in Days Display

    It displays the notice period in days defaulted from Fund capital maintenance.

    Tranche Closing Date Mandatory

    Specify the tranche closing date.

    On click of OK button, it will get defaulted as Tranche Date + Notice Period in Days and it should not be a fund holiday.

    Cumulative Percentage Called Display

    It displays the Cumulative Percentage Called.

    It is calculated as = (Sum of all the Tranche amount excluding current tranche /Fund total capital) *100
    Tranche Status Display

    It displays the tranche status. The list displays the following values:

    • In Progress
    • Tranche Revoked
    • Closed

    When Tranche Closing Date is reached as part of FMG EOD, system will update the Tranche status from In Progress to Closed.

    Tranche Details

    Table 3-83 Capital Call Tranche Detail

    Field Description
    Closing Call Number Display

    It displays the closing call number..
    Commitment Number Display

    It displays the commitment number.

    Unit Holder ID Display

    It displays the unitholder ID.
    Unitholder Tranche Amount Display

    It displays the derived apportion of Unitholder Commitment amount.
    Amount Overridden Display

    If any of the UH Tranche Amount is overridden, user has to override all the rows.

    It displays the overridden amount.

  4. On click of OK button, based on computation method of the fund, system will list down all the eligible UH along with the amount defaulted. User can override the same.

    Only UH who’s UH commitment status is ACTIVE and has not paid 100% will be used for determining the tranche/drawdowns.

    Note:

    • In case any investor UH commitment status is Outstanding, subsequent calls made by the fund manager should exclude such investors from computation of tranche amount.
    • In case UH has to be included in subsequent calls, user has to amend the UH commitment and set the status to Closed and create new UH commitments for subsequent calls.

Parent topic: Other Fund Activities