4.3 Process FCIS Group Definition

This topic provides the instructions to invoke FCIS group definition screen details.

In Oracle FLEXCUBE Investor Servicing, you create a load group as follows:

  • Give the load group a unique identifier (ID) and identify the funds that will constitute the load group. A fund can be mapped to more than one load group.
  • Indicate the load and transaction processing characteristics that would apply to transactions in any of the funds belonging to the group. This includes specifying Letter of Intent (LOI) applicability and Rights of Accumulation (ROA) applicability. If ROA is applicable, you must also specify the method of computation applicable.
  • Map any required loads to the group in the Group Load Mapping screen. Fund Present holdings (units) Subscription price on 02-01-2003 Total worth of holdings (TA3) CBGF 10000 11 110000 FIF 5000 12 60000 15000 (sum) 170000 (sum) Slab From Amount To Amount Return Value (%) 001 0 10000 5 002 10000 20000 4 003 20000 40000 3 004 40000 80000 2 005 80000 16000 1 006 160000 320000 0.25 5-4
  • Have the load group authorized by another user.. The Group Definition (Summary) screen can be used for this. This screen can be accessed through the Group Definition (Summary) menu item in the Maintenance menu category in the Fund Manager component.
  1. On Home screen, type UTDGRPDF in the text box and click Next.
    The FCIS Group Definition Detail screen is displayed.

    Figure 4-1 FCIS Group Definition Detail


    Description of Figure 4-1 follows
    Description of "Figure 4-1 FCIS Group Definition Detail"

    You must specify the following as mandatory information for the creation of a load group:

    • A unique ID for the group and descriptive text qualifying the group, in the Group and Description fields in the screen, respectively.
    • The date from which this rule is effective.
    • Whether Rights of Accumulation (ROA) would be applicable for investors that invest in the funds identified for the load group. Specify this in the ROA Applicable field.
    • If ROA is applicable, you must also specify the ROA computation method that would apply on investment into the group, as well as whether current transactions must be taken into account for ROA computation.
    • Whether Letters of Intent (LOI) would be applicable for investors that invest in the funds identified for the load group. Specify this in the LOI Applicable field.
    • The funds that would constitute the group, in the Funds Included box. A fund can be mapped to more than one load group.
  2. On FCIS Group Definition Detail screen, specify the fields.
    For more information on fields in the screen, refer the below table.

    Table 4-5 FCIS Group Definition Detail

    Field Description
    Group ID Alphanumeric; 6 Characters; Mandatory

    Specify a unique alphanumeric identifier for the load group. You will use this ID to set up characteristics for the group.
    Group Description Alphanumeric; 255 Characters; Mandatory

    Enter descriptive text, a short phrase that qualifies the group.
    LOI Transaction Mandatory

    Choose Yes from the drop-down list to indicate the applicability of Letters of Intent for funds in the group.

    Choose No from the drop-down list if the LOI investors investing in the group cannot avail of the Letter of Intent facility.

    ROA Applicable Mandatory

    Choose Yes for this option to indicate the applicability of Rights of Accumulation for funds in the group.

    Choose No if the ROA investors investing in the group cannot avail of the Rights of Accumulation facility.

    ROA Computation Method Numeric; 1 Character; Mandatory if ROA is applicable for the group

    Specify the method of interpreting the history of investments, which will be used to arrive at the basis for ROA computation, for any investments by unit holders into the ROA group.

    The following methods could be available:

    • Amount invested by the investor
    • Holdings * NAV as of that date
    • Holdings * Subscription Base Price as of that date
    • Higher of (1) and (2)
    • Higher of (1) and (3)
    • Current Day’s Transaction Value

    Based on the value selected, the system displays the description in the adjacent field.

    Include Current Transactions for ROA Optional, Applicable only if ROA is applicable for the group

    Choose Yes for this option to indicate that current transactions are to be taken into consideration when the selected method of interpretation of investments (ROA computation method) is applied on investments into the ROA group.

    Rule Effective Date Date Format; Mandatory

    This is the date from which the group definition is effective. It should be later than or the same as the application date. You can select the Date from the calendar provided.

    Remarks Alphanumeric; 255 Characters; Optional

    Specify remarks, if any.
    Fund ID Alphanumeric; 6 Characters; Mandatory

    You can select the Funds that you want to designate to be part of the load group. A fund can be mapped to more than one load group.

    Note: In GTA setup, field Fund ID can have value selected of same segment.

    Fund Name Display

    The system displays the fund name for the selected Fund ID.

    Fund Identification Number Display

    The system displays theFund Identification Number.

Parent topic: Load Groups Setting