3.18 Process Stop Code Maintenance Detail

This topic provides the systematic instructions to maintain new Stop Codes using the predefined attributes.

You can maintain the Transaction Restrictions with different attributes such as IPO Subscription (UTDTXN01), Subscription (UTDTXN02), Redemption (UTDTXN03), Switch Out UTDTXN04), Switch In (UTDTXN04), Transfer Out (UTDTXN05), Transfer In (UTDTXN05), Block (UTDTXN06),Unblock (UTDTXN07) and Standing Instruction Set up (UTDSIN). Restrictions applied to these transaction types will be applicable for all ref types under each transaction type.

Once the Stop Code is added and authorized in the system, you cannot delete it.

On modification/ changes in the Stop Codes restrictions (Transaction/Dividend/Payment) in Stop Codes Maintenance Detail screen, the restrictions will be effective to all the Unit Holders in the system once the stop codes maintenance screen is authorized.

  1. On Home screen, type UTDSTOPC in the text box, and click Next.
    The Stop Code Maintenance Detail screen is displayed.

    Figure 3-18 Stop Code Maintenance Detail


    Description of Figure 3-18 follows
    Description of "Figure 3-18 Stop Code Maintenance Detail"

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

    Table 3-15 Stop Code Maintenance Detail - Field Description

    Field Description
    Stop Code Alphanumeric; 25 Characters; Mandatory

    Specify the stop code.
    Stop Code Description Alphanumeric; 255 Characters; Optional

    Specify the description for the stop code.
    Transaction Restrictions

    The section displays the following fields.
    IPO Subscription Optional
    Select IPO Subscription transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Subscription Optional
    Select Subscription transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Redemption Optional
    Select redemption transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning

    If you select Not Applicable and you try to map the relevant stop code to the UH, then the system will stop the Redemption payment generation for the UH.

    If you generate payment for Redemption with restriction as Not Applicable, then the system will display an error message stating generating payment is restricted.

    Redemption transactions which requires confirmations will not be available to confirm in confirm redemption batch if Redemption Payment is restricted for the UH.

    Switch Optional
    Select switch transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Transfer In Optional
    Select transfer in transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Transfer Out Optional
    Select transfer out transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Block/UnBlock Optional
    Select block/unblock transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    • Applicable with Warning
    Standing Instructions Optional
    Select standing instruction transaction restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable
    Note:
    • If Standing Instructions is Not Applicable, then it will Pause the existing SI and will disallow the new ones.
    • If Standing Instructions is Applicable, then it will allow the new SI and Pause SI (if any) will be restarted.

    In case for a particular transaction type, restriction is Not Applicable, then the system will display an error message as STOPACCOUNT is issued for ‘Transaction Type’ to this Unit Holder stating this transaction is restricted.

    In case for a particular transaction type, restriction is Applicable with Warning, then the system will display a warning message as STOPACCOUNT is issued for ‘Transaction Type’ to this Unit Holder stating this transaction is restricted. You can override the warning message.

    Dividend Restrictions

    The section displays the following fields.
    Force Dividend Reinvestment Optional
    Select the force dividend reinvestment restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable

    If the relevant Stop Code where restriction is applied for Forced Dividend Reinvestment is mapped to the Unit Holder, the system will reinvest the dividend distribution irrespective of UH IDS maintenance.

    Force Dividend Payment Optional
    Select the force dividend payment restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable

    If the relevant Stop Code where restriction is applied for Forced Dividend Payout is mapped to the Unit Holder, system will Payout the dividend distribution irrespective of UH IDS maintenance.

    Deduct all Dividend Tax Optional
    Select the dividend tax restrictions from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable

    If the relevant Stop Code where restriction is applied for Deduct All Dividend Tax is mapped to the Unit Holder, system will Payout the dividend distribution irrespective of UH IDS maintenance.

    Payment Restrictions

    The section displays the following fields.
    Redemption Payout Optional
    Select the redemption payment restriction from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable

    If you select Redemption Payout field as Not Applicable, and the relevant Stop code is mapped to the UH, then the system will stop the Redemption payment generation for the UH.

    If you try to generate payment for Redemption with this status, then the system will display an error message stating generating payment is restricted.
    Dividend Payout Optional
    Select the dividend payment restriction from the adjoining drop-down list. Following are the options available:
    • Applicable
    • Not Applicable

    If you select Dividend Payout field as Not Applicable, and the relevant Stop code is mapped to the UH, then the system will stop the dividend payment generation for the UH. If you try to generate payment for a dividend with this status, then the system will display an error message stating generating payment is restricted.

    The system will use these restrictions in EFT file generation for Redemptions and Dividend Payments. Check Payments and Transfer will be restricted based on Payment restrictions. Upon release of the Payment restrictions, the system will generate all the pending Dividend and Redemption payments individually.

Parent topic: Maintain System Parameters