3.35.6.2.1 When the new fund is the same as the old fund

This topic provides information on when the new fund is the same as the old fund.

• The fund rule of the new fund is amended and the par value changed to reflect the latest split / reverse split ratio values.
• Balances of all unit holders balances in the current fund, as of a date less than the action date, are picked up.
• Changes in the outstanding units and the balances of the unit holders based on split / reverse split ratio, are posted as unit-based subscription transactions (split) or unit based redemption transactions (reverse split).
• Certificates are destroyed and recreated for the new units.
• Any underlying standing instructions for the unit holders are marked as Cancelled; if any reversal has been done after original processing, the original SI status is restored.
• Any unexecuted limit orders for the unit holders are marked as EXPIRED, and the limit status for underlying limit orders is marked as Ungenerated.
• Subsequently, if any backdated transactions are entered with transaction date being earlier than the corporate action date, a message is shown, indicating that a corporate action has been processed within the period (this is done for limit orders and standing instructions too).
• If a reversal or an amendment has been done after original processing, a reversal transaction is generated for all transactions for the day with a reference type indicating split or reverse split.
• Fractional units, if any, that result from the processing of the corporate action, are computed.