2.15 Process Agent Level Unit Rounding Detail

This topic provides the systematic instructions to capture rounding precision for units at agent level.

Design scope

Along with the existing Rounding Precision at fund level, Rounding Precision at agent level has been also considered during units rounding process.

• If the Agent level rounding is not maintained, then the fund level precisions will be considered.
• If the Agent level precisions are higher than the fund level, then the later will be considered.

Features in scope

Below features are impacted in Agent Level Rounding enhancement:

• No. of Decimals for Units which is maintained for the Intermediary Agent, has to be considered during allocation along with the existing round off or truncate flag at the fund level.
• If TXNBROKERS is turned ON, then the No. of Decimals for Units is not applicable.
• Lien marking/Unmarking (Block/Unblock) transactions are not in the scope of Agent Level Rounding. Fund Level rounding is continued for such Block/Unblock transactions.
• The latest available precision maintained for the agent has to be considered during allocation. Subsequent maintenance/amendment will not impact the allotted units.
• Rounding precision for units is applicable only for below mentioned Transactions.
  • IPO
  • Subscription
  • Redemption
  • Switch Transfer

1. On Home screen, type UTDAGLUR in the text box, and click Next.
   The Agent Level Unit Rounding Detail screen is displayed.

   Figure 2-28 Agent Level Unit Rounding Detail

   
   

   
   Description of "Figure 2-28 Agent Level Unit Rounding Detail"

   
   
2. On Agent Level Unit Rounding Detail screen, click New to enter the details.
   For more information on fields, refer to the field description table.

   Table 2-20 Agent Level Unit Rounding Detail - Field Description

   Field	Description
   Agent Code	Alphanumeric; 12 Characters; Mandatory; Non amendable field Specify the Agent code. Alternatively, you can select agent code from the option list. The list displays all valid agent code maintained in the system.
   Agent Name	Display The system displays the Agent name for the selected Agent code.
   No of Decimal for Units	Mandatory; Amendable field Specify the number of decimals for units. The minimum value for the field will be 0. The maximum value for the field will be 12. Decimals values are not allowed for the field.

   Examples explaining the Rounding Precision for units

   The following examples explain the rounding precision for units. The different number of decimal for units at agent and fund level are considered and possible results are explained in the remark section.

   The Agent level Rounding precision for units:

   Agent Code	No of Decimal For Units
   ALRAGT1	2
   ALRAGT2	8
   ALRAGT3	0
   ALRAGT4	Nil

   Consider the following No. of Decimals at Fund Level for Units (at TPR > Pricing) for transaction types 02, 03, 04, 05 and 54.

   Table 2-21 No. of decimals in Fund Level for Units

   Fund ID	Rounding Options For Units	Rounding Precision For Units
   ALROFF	Round off	6

   Consider the following No. of decimals in Currency Maintenance.

   Table 2-22 No. of decimals in Currency Maintenance

   Number Of Decimals	Round Off/ Truncate
   3	Round off

   The following Gross amount Subscriptions shows the rounding precision for the allotted units, which is arrived according to the unit rounding precision maintained at Fund level and Agent level as mentioned above.

   Table 2-23 Gross amount Subscriptions shows the Rounding Precision

   Txn Type	Fund ID	UH ID	Intermediary Agent	Amount Applied	Unit Price	Load (5%)	Load 1000	Net Amt In FBC	Allotted Units
   02	ALR OFF	UH1	ALRA GT1	100000	9.4573	5000	0.027	95000.027	9950.46
   02	ALR OFF	UH1	ALRA GT2	99500	9.4573	4975	-	94525.000	9900.704911
   02	ALR OFF	UH1	ALRA GT3	100000	9.4573	5000	4.365	94995.635	9950
   02	ALR OFF	UH1	ALRA GT4	107000	9.4573	5350	-	101650.000	10646.989201

   Remarks: The following different No of Decimal for Units at agent and fund level considered, and possible results explained.

   • Allotted units for UH 1 is 9950.46, because the rounding precision for units maintained at Agent level is (2) and at Fund level is (6). So the system considered the lowest precision of 2 decimals (Agent level).
   • Allotted units for UH 2 is 9900.704911, because the rounding precision for units maintained at Agent level (8) is greater than Fund level (6). So the system considered the lowest precision (TPR).
   • Allotted units for UH 3 is 9950, because the rounding precision for units maintained at Agent level (0) is lesser than Fund level (6). So the system considered the lowest precision (Agent).
   • Allotted units for UH 4 is 10646.989201, because the rounding precision is not maintained for the Agent and so the system considered the Fund level maintenance TPR) which is 6 decimals.