Process Lol Adjust Proc

4.7.2 Process Lol Adjust Proc

This topic provides the instructions to invoke lol adjust proc screen details.

To obtain such a report, you must trigger the computation and storing of the actual commission data, from the system database. You can use the Lol Adjust Proc screen for this.

On Home screen, type UTDLOIPR in the text box and click Next.
The Lol Adjust Proc screen is displayed.

Figure 4-5 Lol Adjust Proc

Description of "Figure 4-5 Lol Adjust Proc"

On Lol Adjust Proc screen, specify the fields.

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

Table 4-7 Lol Adjust Proc

Field	Description
LOI Number	Alphanumeric; 25 Characters; Optional Specify the LOI number of the corresponding letter of intent, on the next business date after the expiry date of the letter of intent. In this screen, you must specify the LOI number of the corresponding letter of intent, on the next business date after the expiry date of the letter of intent. Click on the Process button to trigger the process of computation and storage. Alternatively, if you do not specify the number, you can trigger the computation of commission data for all such letters of intent that are unfulfilled, after the expiry date. After you have triggered the computation of commission data, in the LOI Adjustment Processing screen, you can use the LOI Non-Fulfilment menu item in the Batch menu to obtain the actual report. The report contains details of the actual commission due on each of the transactions without considering the letter of intent. This amount must be recovered from the unit holder by the AMC. The following details are displayed in the report for each letter of intent for any investor which is unfulfilled as on the next business date after the expiry date: LOI Number Letter of intent amount agreed (LOI amount) Letter of intent amount fulfilled (used up amount) ID of the load group to which the fund belongs, for which the LOI was set up for the investor The funds in the load group Transaction number, for each transaction designated as an LOI transaction Commission collected for the transaction Actual commission that should have been collected had there been no letter of intent. The loss borne by the AMC, which is computed as the difference between the commission collected and commission that should have been collected had there been no LOI. The commission for each of the LOI transactions entered into during the LOI period is recomputed as if there had been no letter of intent. For each transaction, the actual commission collected and the commission that should have been collected without the LOI is displayed. The sum of the commissions will be subtracted from the actual commission collected and the difference is reported through the report.

Field

Description

LOI Number

Alphanumeric; 25 Characters; Optional

Specify the LOI number of the corresponding letter of intent, on the next business date after the expiry date of the letter of intent.

In this screen, you must specify the LOI number of the corresponding letter of intent, on the next business date after the expiry date of the letter of intent. Click on the Process button to trigger the process of computation and storage. Alternatively, if you do not specify the number, you can trigger the computation of commission data for all such letters of intent that are unfulfilled, after the expiry date.

After you have triggered the computation of commission data, in the LOI Adjustment Processing screen, you can use the LOI Non-Fulfilment menu item in the Batch menu to obtain the actual report.

The report contains details of the actual commission due on each of the transactions without considering the letter of intent. This amount must be recovered from the unit holder by the AMC.

The following details are displayed in the report for each letter of intent for any investor which is unfulfilled as on the next business date after the expiry date:

LOI Number
Letter of intent amount agreed (LOI amount)
Letter of intent amount fulfilled (used up amount)
ID of the load group to which the fund belongs, for which the LOI was set up for the investor
The funds in the load group
Transaction number, for each transaction designated as an LOI transaction
Commission collected for the transaction
Actual commission that should have been collected had there been no letter of intent.
The loss borne by the AMC, which is computed as the difference between the commission collected and commission that should have been collected had there been no LOI.

The commission for each of the LOI transactions entered into during the LOI period is recomputed as if there had been no letter of intent. For each transaction, the actual commission collected and the commission that should have been collected without the LOI is displayed. The sum of the commissions will be subtracted from the actual commission collected and the difference is reported through the report.

Parent topic: Non-Fulfilment of Letter of Intent