7.1 Process Load Maintenance Detail

This topic provides the systematic instructions to capture cut off time for each currency that is maintained in the system.

Transaction instructions received post cut off time of the currency involved in the transaction, then the transaction will be processed on the next working day.

Use Load Maintenance Detail screen to enter cut off time for currencies.

  1. On Home screen, type UTDLOADM/ UTDLODM in the text box, and click Next.
    The Load Maintenance Detail screen is displayed.

    Figure 7-1 Load Maintenance Detail


    Description of Figure 7-1 follows
    Description of "Figure 7-1 Load Maintenance Detail"

  2. Specify the basic parameters on the basis of which the load will be applied and computed, in the main Load Maintenance Detail screen. These include the following mandatory information:
    1. A unique identifier for the load, in the Load ID field.
    2. Descriptive or narrative text qualifying the load, in the Description field.
    3. Whether the load is fee or an incentive, in the Load Type field.
      The system deems the load as a fee or an incentive based on the fund load mapping for a fund.
    4. Whether the return value of the load is arrived at based on an amount or a percentage, in the Amount or Percentage field.
    5. Whether the load being defined is a price basis load, in the Price Basis Load field.
    6. The applicable slab type for the load, in the Slab Mode section.
    7. The basis upon which the period is reckoned, in the Period Basis field.
    8. The method of calculation to be used for the load, in the Load Calculation Method field.
    9. Whether a deal can be maintained for a unit holder based on the load, in the UH Deal Maintainable field.
    10. Whether the load is a cumulative load, in the Cumulative Loads field.
    11. Whether the lower boundary of a slab is inclusive for the slab, in the Consider as Lower Boundary field.
    12. Click OK to save your changes.
    13. Specify the details of slabs for the load and their boundaries in the Load Details section, in the lowest portion of the screen.
      Setting up slab details for a load is mandatory. When you have set up the slabs, you need to save the changes.
    14. If you are not setting up a criteria-based load, basis load or derived load, you can save the load in the main Load Definition screen at this stage.
  3. If you are setting up a criteria-based load, basis load or derived load, click the appropriate button as follows:
    1. Click Basis link if the load is a basis load.
      The Basis Definition screen is opened, and you can set up the load.
    2. Click Derived link if the load is a derived load.
      The Derived Load screen is opened, and you can set up the derived load in this screen.
    3. Click Criteria link if the load is based on criteria.
      The Query Builder is opened, and you can set up the criteria for the load.
  4. You must save your changes in each of the screens.
    The system closes the screen and returns you to the main Load Definition screen, where you must save the load record again.

    Note:

    When you create a load for the first time in this screen, it is advisable that you set up any criteria-based loads, derived loads or basis loads simultaneously
  5. After a load is authorized, no changes are possible to the load details, i.e., you cannot subsequently set up derived, basis or criteria-based loads, if it has been already mapped to a fund or a group.
  6. To support benefit plans for investors based on successful deduction counter, the system will setup load based on deduction counter.
  7. On Load Maintenance Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 7-1 Load Maintenance Detail - Field Description

    Field Description
    Basic Information Section

    The section displays the following fields.
    Load ID Numeric; 5 Characters; Mandatory

    Specify a unique alphanumeric identifier for the load. Do not specify the ID of an existing load here.
    Load Description Alphanumeric; 60 Characters; Mandatory

    Enter some descriptive or narrative text, qualifying the load. It should describe the purpose for which the load has been set.
    Cumulative Loads Optional

    Select yes to indicate that the load is cumulative in nature. If you check this box, it will be applied based on the static options set up for processing cumulative loads for the AMC. This type of a load is applicable for funds for which the Rights of Accumulation (ROA) facility is applicable.

    Price Basis Load Optional

    You can use this field to indicate whether the load being defined is a price basis load, that is, whether the load could be an inherent fee or incentive in respect of fund prices for which price bases other than the NAV and Transaction Base Price components are used.

    Note: Any loads that have been defined as price basis loads are only used as the indicator for computing load values, and are not picked up during evaluation of criteria. That is, the other load details specified for such loads, such as the return value, slabs and so on, are not taken into consideration. The difference between the Transaction Base Price and the Price Basis defined for the transaction is considered as an inherent fee or incentive, during allocation.

    For instance, if the Price Basis for a transaction is Offer Price, and Transaction Base Price is 1.009 and the Offer Price is 1.060, the difference (1.06-1.009 = 0.051, without currency rounding) is considered as the inherent fee (since the TBP is less than the offer price). If the offer price were less than the TBP, the difference between the two is considered an inherent incentive.

    ROA Threshold for Initial Fee Numeric; 22 Characters; Mandatory

    Specify a threshold for initial fees for ROA based loads. The system compares the value specified with the cumulative AUM of the client to determine what a client should be charged by way of initial fees.

    If the cumulative AUM exceeds the threshold value maintained, the system considers the Cumulative AUM for load slab pick up basis.

    If the cumulative AUM is lower than the Threshold value maintained, the system considers the transaction value for load slab pick up basis.
    Load Type Optional
    Indicate whether the load is to be applied and processed as a fee or an incentive, by choosing the appropriate value from the drop-down list. The list displays the following values:
    • Fee
    • Incentive
    Amount or Percentage Optional
    Indicate whether the return value for the load is a flat Amount or a Percentage of the Base Price/Transaction Amount, by choosing the appropriate value from the drop-down list. The list displays the following values:
    • Amount
    • Percentage
    Consider as Lower Boundary? Optional

    Select Yes to indicate that a slab basis value (either amount or units or period or date) that is a boundary value separating slabs, must be considered as the lower boundary of a slab.

    Amount Basis Optional
    Select whether the load return value is to be applied on the fund capital from the drop-down list. The list displays the following values:
    • Net
    • Gross

    This specification is applicable only for Loaded to Price (LTP) loads.

    Select the Gross option to indicate that the load return value is to be applied on the fund capital.

    If not, select the Net option.

    Slab Mode

    The section displays the following fields.
    UH Deal Maintainable Optional
    Select Yes from drop-down list to indicate whether maintaining any deal based on the load would be permitted for unit holders. The list displays the following values:
    • Yes
    • No
    Mode Optional
    Indicate the parameter, upon which basis the slabs for the load will be defined from the list. The list displays the following values:
    • Date
    • Period
    • Date Amount
    • Period Amount
    • Amount
    • Units
    • Date Units
    • Period Units
    • Deduction Counter
    Period Basis Optional
    Indicate the basis upon which the period specified for period-based loads must be interpreted, by choosing the appropriate option from the drop-down list. The list displays the following values:
    • Days
    • Months
    • Years

    This information is mandatory for slab modes based on Period, Period and Amount or Period and Units.
    Load Calculation Method Optional
    From the list, select the option that indicates the method by which the load must be computed. The following methods of calculation are available:
    • Slab Basis
    • Linear Interpolation
    • Weighted Average
    • Progressive Weighted Average

    Refer topic Managing Investor Accounts in the Agency Branch User Manual for more information on deals for unit holder.

    Tables Referred
    You can define a single criterion for a single load. Criteria can be based on any one of the ten parameters given under the Tables Referred section. You can check the relevant boxes from the following list:
    • Agent
    • Agency Branch
    • Broker
    • IFA
    • Investor
    • Payment Mode
    • Fund
    • Investor Fund
    • Investor Transaction
    • Account Officer
    • Transaction Rule
    • Transaction Details
    • Custom Values

Parent topic: Set up Loads