2.1.6.6 Transaction Cancellation Period

This topic provides information on transaction cancellation period tab details.

1. Click on the Transaction Cancellation Period tab in General Operating Rules screen to specify the details.
   The Transaction Cancellation Period details are displayed in General Operating Rules screen.

   Figure 2-11 Transaction Cancellation Period

   
   

   
   Description of "Figure 2-11 Transaction Cancellation Period"

   
   

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

   Table 2-15 General Operating Rules - Transaction Cancellation Period

   Field	Description
   Transaction Cancellation Period	Numeric; 3 Characters; Optional You can specify a number of calendar days that represents a period from the date of transaction within which cancellations are allowed.
   Transaction Cancellation Allowed	Optional Select whether cancellation is allowed for the fund. Choose Yes from the drop-down list if you wish to allow cancellation or else choose No.
   Cancellation Period Calendar Basis	Optional Select the cancellation period from the drop-down list. The list displays the following values: Actual Calendar System Calendar AMC Calendar Fund Calendar
   Allow Switching in Cancellation Period	Optional You can specify if you wish to allow switch transactions any time within the cancellation period. Choose Yes from drop-down list to allow switches in the holdings due to the transaction else choose No.
   Cancellation Price Basis	Alphanumeric; 10 Characters; Optional Specify the price basis to be followed for cancellations. The price basis could be NAV for a single pricing fund. For other type of funds, the basis could be Bid or Offer Price. The current market value computation as well as the cancellation amount would depend on the bid / offer / NAV. The system will consider original Subscription price as cancellation price during allocation. While adding subscription load amounts to redemption proceeds, the system will consider only Fee paid by the unitholder.