3.1 Process Defaults Maintenance

This topic provides the systematic instructions to set up system default information.

  1. On Home screen, type UTDDEFMT in the text box, and click Next.
    The Defaults Maintenance screen is displayed.

    Figure 3-1 Defaults Maintenance


    Description of Figure 3-1 follows
    Description of "Figure 3-1 Defaults Maintenance"

  2. On Defaults Maintenance screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 3-2 Defaults Maintenance - Field Description

    Field Description
    Company Details

    The section displays the following fields.
    Company Short Name Alphanumeric; 15 Characters; Optional

    Enter the short name of the Company that is using Oracle FLEXCUBE Investor Servicing.

    Company Name Alphanumeric; 60 Characters; Optional

    Enter the full name of the Company that is using Oracle FLEXCUBE Investor Servicing. The system will print this as the company name in all the reports.

    Distributor Defaults

    In this section, define the default information applicable for the AMC, in any maintenance operation in the system.
    Distributor ID Alphanumeric; 12 Characters; Optional

    Enter the ID of the default distributor for the installation.
    Country Alphanumeric; 3 Characters; Optional

    Enter the default Country of the unit holder.
    Minor Age Numeric; 22 Characters; Mandatory

    Enter the default age limit for the Minors.
    Check Validity Period Numeric; 22 Characters; Optional

    Enter the number of days for which a Check is valid, by default during transactions.
    Registrar ID Alphanumeric; 12 Characters; Optional

    Enter the ID of the default Registrar for the installation.
    Nationality Alphanumeric; 3 Characters; Optional

    Enter the default Nationality of the unit holder.
    Bank Alphanumeric; 12 Characters; Optional

    Enter the code of the default Bank for the system.
    Low Date Date Format; Optional

    Enter the default Low date value for the system.
    High Date Date Format; Optional

    Enter the default High Date Value for the system.
    High Amount Numeric; 30 Characters;, Mandatory

    Enter the default high amount value.
    High Units Numeric; 27 Characters;, Mandatory

    Enter the default high unit value.
    Round Off Amount Numeric; 22 Characters;, Mandatory

    Enter the default value for round off amount.
    VAT Percent Numeric; 5 Characters;, Optional

    Displays the default value of Value Added Tax (VAT) Percentage.

    Amend Period Numeric; 22 Characters; Optional

    Enter the default Amendment period for the Fund Rule/Transactions.
    Default Level Numeric; 2 Characters; Mandatory

    This displays the hierarchy default number in the fund. For instance, if the existing fund has a parent fund, then the default level will be 2.

    High Counter Numeric; 22 Characters; Optional

    Enter the default high counter value.
    Check UH Duplicates Mandatory

    Select Yes or No from drop-down list to check for unit holder Duplicates.

    Source ID Alphanumeric; 6 Characters; Optional

    From the list, select the default exchange rate source for the AMC.
    Country Code Alphanumeric; 3 Characters; Optional

    Displays the code given to the country where the client site is located.
    Client Code Alphanumeric; 15 Characters; Optional

    Displays the code given to the client where Oracle FLEXCUBE Investor Servicing has been installed.

    FPAM Installed Optional

    If Oracle FLEXCUBE Asset Management has been installed at the client site, select Yes from the drop-down list.

    FPAM User Name Alphanumeric; 15 Characters; Optional

    Specify the name of the user where Oracle FLEXCUBE Asset Management has been installed.

    Tax Year Start Date Format, Optional

    Specify the start date from which the tax payment should be considered.
    Tax Year End Date Format, Optional

    Specify the date till which the tax payment should be considered.
    EUSD Options Optional
    Select the default EUSD (European Union Savings Directive) option for the segment. The options available are:
    • WithHolding Tax (WHT): EUSD tax is computed and deducted
    • Exchange of Information (EOI): EUSD tax is computed but not deducted
    • Tax Exemption Certificate (TEC): EUSD tax is computed but not deducted

    By default, the option is left unchecked. If you do not indicate any EUSD option, then EUSD option will not be applicable for the segment.

    Note: This functionality is applicable only for the Fund Manager module.

    Settlement Level Optional

    Indicate whether the payment amount must be compared with the fund base currency amount or the transaction currency amount from the drop-down list while processing transaction settlements.
    Interim Tax Paid Date Date Format; Optional

    Specify the tax payment date here. This is only applicable for non-pensions funds.

    Note: It is mandatory to specify the interim tax for funds where IOF/IRRF is applicable.

    Interim Tax Frequency Numeric; 2 Characters; Optional

    Specify the tax payment frequency here. This is only applicable for non-pensions funds.

    Note: It is mandatory to specify the interim tax frequency for funds where IOF/IRRF is applicable.

    Fund ID Generation Logic Alphanumeric; 6 Characters; Optional

    Indicate the pattern using which the fund ID needs to be generated, where the first two characters represent the ISO Country Code (except for any jurisdiction with distributor schemas where the 2nd character will designate whether it is "R"egistrar-world or "D"istributor-world) and the following four characters are auto generated numerals.
    Branch Defaults

    In this section, define the default information applicable for any branch of the AMC, in any maintenance operation in the system.
    Title Alphanumeric; 15 Characters; Optional

    Enter the Title to default during unit holder Data Entry. You can make a blank specification so that a blank entry may be accepted as a title by the system.
    Investor Type Optional

    Enter the default Investor Type, whether Individual or Corporate from the drop-down list, during unit holder data entry.
    Marital Status Optional
    Select the Marital Status from the drop-down list to default during unit holder data entry. The list displays the following values:
    • Divorced
    • Married
    • Not Available
    • Single
    • Widow
    Resident Status Optional

    Enter Resident or Non-Resident as the Resident Status to default during unit holder data entry.

    Sex Optional

    Select Male or Female from drop-down list as the Sex to default during unit holder Data Entry.

    Mode of Payment Alphanumeric; 1 Character; Optional

    Enter Cash, Check or Transfer as the Payment Mode to default during Transaction data entry.

    Redemption Mode Optional

    Enter Amount or Units as the Redemption Mode to default during transaction acceptance.

    Account Type Alphanumeric; 1 Character; Optional

    Enter Current, Savings or Fixed as the Payment Mode to default during Transaction data entry.

    Language Alphanumeric; 12 Characters; Optional

    Enter English or Non-English as the default language in which the system should display messages.

    Password Valid For (in days) Numeric; 22 Characters; Optional

    Enter the minimum number of days after which the Users will have to change the Password. At the end of this retention period, the system will automatically prompt the User at login time to change the password.
    System General Reference Number Mandatory

    Enter the option of using a System General Reference Number. If yes, then the Reference Number for all the transactions will also be generated by the system. If not, the Reference Number must be specified at the time of entering the transaction.
    Error Level Numeric; 22 Characters; Optional
    Enter the Error Messages Level.
    • Enter 1 if you want the system to display an Error Message and not log it.
    • Enter 2 if you want the system not to display an Error Message but to log it.
    • Enter 3 if you want the system to display an Error Message and Log it.
    • If any other level is indicated, the system will display Error Messages and Log it.
    Online Optional
    Select the online status of the branch from the drop-down list, at the time of viewing this record. The list displays the following values:
    • Yes
    • No
    Default Time Zone Alphanumeric; 12 Characters; Mandatory; Non-amendable

    Select the default time zone from the values available. All time zones you have maintained through the Time Zone Maintenance screen are displayed in the option list.
    Auto Clear Reinvestments Character Maximum, Alphanumeric, Mandatory

    Indicate whether 100% outflow transactions include freeze held and reinvestment units.

    You can specify any of the following options:
    • Option not allowed: Freeze held/reinvestment units should not be considered while processing 100% outflow transactions.
    • Allowed – Default checked: Freeze held/reinvestment units should be considered while processing 100% outflow transactions by default.
    • Allowed – Default unchecked: Freeze held/reinvestment units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.
    Auto Clear Provisional Balance Mandatory
    Indicate whether 100% outflow transactions include provisionally allotted units. You can specify any of the following options:
    • Option not allowed: Provisionally allotted units should not be considered while processing 100% outflow transactions.
    • Allowed – Default checked: Provisionally allotted units should be considered while processing 100% outflow transactions by default.
    • Allowed – Default unchecked: Provisionally allotted units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.
    Other Defaults

    In this section, define the other default information applicable for the AMC, in any maintenance operation in the system.
    Database Alphanumeric; 15 Characters; Optional

    Enter the name of database that contains all the objects (tables, stored procedures, etc.) used by the system. This will be displayed at the footer of all the screens at run time. This field cannot be edited after it has been entered for the first time.

    When you are in Edit mode, this is a Display Only field.
    Agent Alphanumeric; 12 Characters; Optional

    Enter the code of the default Agent for the system.
    Branch Alphanumeric; 12 Characters; Optional

    Enter the code of the default Agency Branch for the system.

    When you are in Edit mode, the Agent and Branch fields are Display Only fields.
    Component Alphanumeric; 1 Character; Optional

    Enter the default Component of the system for the installation.
    Segment ID Alphanumeric; 12 Characters; Optional; Amendable

    Specify the segment ID. Alternatively, you can select segment ID from the LOV. The list displays all the valid segment ID of current Installation maintained in the system.

    The segment ID maintenance should be done as following,
    • For Non-Global Transfer Agency Setup, Segment ID should not be maintained.
    • For Global Transfer Agency Setup, Segment ID has to be selected from LOV in Defaults maintenance and the same will be defaulted to the user in the Local branch in UTDUH screen.
    • For Global Transfer Agency Setup, Segment ID should not be maintained in Defaults maintenance whereas in Unit holder maintenance, Segment Id has to be selected by the user from LOV in the Global Branch.

Parent topic: Maintain System Parameters