3.29 Process Wrap Fund Maintenance

This topic provides the instructions to invoke wrap fund maintenance details.

When an investor subscribes into a wrap fund, the investment is channelled into the underlying investment funds that are associated with the wrap fund.

In Oracle FLEXCUBE Investor Servicing, you can maintain details of wrap funds, with the underlying funds and the respective split percentages, using the Wrap Fund Maintenance Detail screen.

1. On Home screen, type UTDWRFND in the text box and click Next.
   The Wrap Fund Maintenance Detail screen is displayed.

   Figure 3-37 Wrap Fund Maintenance Detail

   
   

   
   Description of "Figure 3-37 Wrap Fund Maintenance Detail"

   
   
2. Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the wrap fund you wish to maintain.
3. On Wrap Fund Maintenance Detail screen, specify the fields.

   Note:

   You can maintain details of wrap funds in the system for information and reporting purposes only. No processing or validation in respect of the same is performed by the system when there is an investment into the fund or its underlying investment funds.

   In this screen, any authorized fund in the system can be designated as a wrap fund, and any authorized funds in the system may be designated as underlying investment funds for the wrap fund. An effective date may also be specified for the wrap fund.

   You can specify the following fields in this screen:

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

   Table 3-48 Wrap Fund Maintenance Detail

   Field	Description
   Wrap Fund ID	Alphanumeric; 6 Characters; Mandatory Specify the ID of the Wrap Fund. The list contains authorized funds in the system.
   ISIN No	Alphanumeric; 12 Characters; Optional The system displays the ISIN Number. However, you amend this value. If you specify the ISIN Code, the ID of the fund is displayed in Wrap Fund ID field and vice versa.
   Rule Effective Date	Date Format, Mandatory Specify the date from which the fund is effective as a wrap fund in the system. This rule effective date is different from the effective date of the actual fund in the system, which is specified in the Fund Demographics profile for the fund.
   Fund ID	Alphanumeric; 6 Characters; Mandatory Specify the ID of the underlying investment fund. The list contains authorized funds in the system
   Fund Name Short	Display The system displays the short fund name for the selected Fund ID.
   Split Percentage	Numeric; 5 Characters; Mandatory Specify the percentage limit for investment into the selected underlying fund. This percentage must not exceed one hundred percent.