Home

Interface with Depositary Systems User Manual

image

Contents

1. e Invoke the Fund ISIN Mapping Summary screen from the Browser e Select the status of the record that you want to retrieve for deletion e Specify any or all of the details in the corresponding fields on the screen e Click Search button All records with the specified fields are retrieved and displayed in the lower portion of the screen e Double click the record that you want to delete in the list of displayed records The Fund ISIN Mapping Detail screen is displayed e Select Delete Operation from the Action list The system prompts you to confirm the deletion and the record is physically deleted from the system database 2 3 7 Authorizing Fund ISIN Mapping An unauthorized Fund ISIN Mapping must be authorized in the system for it to be processed To authorize a record e Invoke the Fund ISIN Mapping Summary screen from the Browser e Select the status of the record that you want to retrieve for authorization Typically choose the unauthorized option e Specify any or all of the details in the corresponding fields on the screen e Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen e Double click the record that you wish to authorize The Fund ISIN Mapping Detail screen is displayed Select Authorize operation from the Action List 2 3 8 Amending Fund ISIN Mapping After a Fund ISIN Mapping is autho
2. Payout Remarks Input by DateTime Authorized by DateTime Mod No Open Authorized For each association you can indicate any of the following income distribution modes e Payout e Reinvestment For instance for a fund ISIN association if the distribution mode maintained is Reinvestment then during dividend processing for the depositary unit holders whose beneficiaries have holdings in the fund mapped to the ISIN code the dividend will be reinvested The income distribution option for a fund ISIN association must be unique i e each fund ISIN association can only be associated with one income distribution option The Fund ISIN association is an optional attribute for a fund and can be maintained for any authorized fund as and when necessary ee ORACLE 2 3 1 2 3 2 Fields in Fund ISIN Mapping Screen Fund ID 6 Characters Maximum Alphanumeric Mandatory Specify the ID of the fund that you are associating with an ISIN code and distribution mode in this screen ISIN Alphanumeric Mandatory Specify the ISIN code to be associated with the fund that you have selected for the selected distribution mode Distribution Mode Alphanumeric Mandatory Select the income distribution mode applicable for the selected fund and ISIN code Fora fund ISIN association you can only associate one income distribution mode Remarks 255 Characters Maximum Alphanumeric Optional Specify any applicable remarks
3. in electronic form which could be with a depositary to physical shares This is called re materialization S ORACLE 3 Function ID Glossary U UTDFNDIS 2 2 UTSFNDIS 2 4 SA ORACLE ORACLE Depositaries November 2012 Version 12 0 1 0 0 Oracle Financial Services Software Limited Oracle Park Off Western Express Highway Goregaon East Mumbai Maharashtra 400 063 India Worldwide Inguiries Phone 91 22 6718 3000 Fax 91 22 6718 3001 www oracle com financialservices Copyright 2007 2012 Oracle and or its affiliates All rights reserved Oracle and Java are registered trademarks of Oracle and or its affiliates Other names may be trademarks of their respective owners U S GOVERNMENT END USERS Oracle programs including any operating system integrated software any programs installed on the hardware and or documentation delivered to U S Government end users are commercial computer software pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the programs including any operating system integrated software any programs installed on the hardware and or documentation shall be subject to license terms and license restrictions applicable to the programs No other rights are granted to the U S Government This software or ha
4. materialization of shares held by the beneficiaries To configure the FC IS system to act as a registrar to an external depositary you must ensure that the following processes and maintenances are in place e Maintaining the depositary as a unit holder in the system e Associating a fund with the ISIN Code e Maintaining interfaces for importing beneficiary positions Maintaining Depository as Unit Holder Each depositary for which FC IS provides registrar services must be maintained as a unit holder entity in FC IS The total balance held by all beneficiaries in the depositary can then maintained as the depositary unit holder balance in FC IS A unit holder account that is created for a depositary is identified by the dealing type D indicating depositary When the account is created in the system in the Unit Holder New Account screen you must specify Depositary in the Dealing Type field Just before a dividend is processed the external depositary system exports a file called BENPOS file containing the positions of all beneficiaries When this file is uploaded into FC IS the system validates that the sum of these positions in the BENPOS file must be egual to the balances in the depositary unit holder account Based on this information dividend is processed and disbursed for each beneficiary The updated positions are maintained in the FC IS database and can be exported back to the depositary system when reguired Divide
5. screen by querying in the following manner Press F7 Input the ISIN ORACLE 2 3 4 2 3 5 PressF8 You can perform Edit Delete Amend Authorize operations by selecting the operation from the Action list You can also search a record by using a combination of and alphanumeric value Example You can search the record for ISIN by using the combination of and alphanumeric value as follows e Search by A System will fetch all the records whose ISIN starts from Alphabet A For example AFUND1 AFUND2 AFUND10 etc e Search by 7 System will fetch all the records whose ISIN ends by numeric value 7 For example AFUND7 AFUND17 etc e Searchby 17 System will fetch all the records whose ISIN contains the numeric value 17 For example AFUND17 DUMMY17 etc Editing Fund ISIN Mapping You can modify the details of Fund ISIN Mapping that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows e Invoke the Fund ISIN Summary screen from the Browser e Select the status of the record that you want to retrieve for modification in the Authorized field You can only modify records that are unauthorized Accordingly choose the unauthorized option e Specify any or all of the details in the corresponding fields to retrieve the record that is to be modified e Click Search button All unauthorized records w
6. Depositaries Oracle FLEXCUBE Investor Servicing Release 12 0 1 0 0 November 2012 Oracle Part Number E51524 01 ORACLE FINANCIAL SERVICES Table of Contents About This Manual sassari aieiai casini 1 1 LIS Produ cy ad AI A a a LAA AE SN ENAA A a az 1 1 1 2 Related Documents 44 5uu55u 2e5 as saa An EA A Ae i nn A aaa Ea 1 1 WS Audlencestss ia io mar suma namn m Nansen 1 1 1 4 zOrgani ation en reni A cc eel A Kat ee ee ate eet Ta TANE 1 1 1 5 Conventions Used in this Manual e uuu eee aaa aaa aaa aaa 1 1 1 5 1 General CONVENTIONS seisis tt eee aaa kaa aaa aa aa kanaa a a nananana 1 2 1 5 2 Keyboard CONVENTIONS cece eet aa a aa a aa aka kaa naa nannaa 1 2 1 62 lt Glossary OEIC NSA zi ai aan E L BEE Ha Harmaa es 1 2 1 7 Abbreviations and AcronymS eee eee aaa an aan aan annan n naan enn naan aan neen 1 2 128 Getme a ea eee rhei ia tts 1 3 Interface with Depositary Systems cooosssssssssnennnan nananana Kaanaa neen 2 1 24 Introduction u nakin sana va ences A ESA AE PA a ene I n akan ta annat ovet 2 1 2 2 Maintaining Depository as Unit Holder ousussssssese nn aa n e naan nannaa eanet 2 1 2 3 Associating Fund with ISIN Code eesseee aaa an naa a annan a nannaa nannat 2 2 2 3 1 Fields in Fund ISIN Mapping Screen s sssssao aaa aaa aaa aa aan aa aaaeen 2 3 2 3 2 _ Fund ISIN Summary screen e
7. ain an interface through the Interface Definition facility to upload the beneficiary position before each dividend declaration The beneficiary positions are exported from the external depositary as a file known as the BENPOS file Dividend Processing for Beneficiaries When an authorized dividend is processed in FC IS the first step is the identification of holdings eligible for dividend also called the freeze holdings process This process is first executed for non depository unit holder accounts After this the freeze holdings process is executed for the beneficiaries in each depositary unit holder account for each fund in which the beneficiaries are eligible for dividend The positions information contained in the BENPOS file is used for identifying the freeze held units for the beneficiaries After the freeze holding units are identified the dividend is computed and the positions updated accordingly The income distribution option specified for the fund ISIN association for each fund in which the beneficiaries receive dividends is used to determine whether the dividend is to be paid out or reinvested Processing Requests for De materialization FC IS also processes requests by unit holders for de materialization of shares i e conversion from physical to electronic form which can be kept in a depositary A unit holder could therefore be a beneficiary in the depositary FC IS maintains the balances of unit holders in any fund
8. asks You can get help for any function by clicking the help icon provided or by pressing F1 13 ORACLE 2 1 2 2 2 Interface with Depositary Systems Introduction Oracle FLEXCUBE Investor Servicing FC IS provides the facility to interface with external depository systems A depositary system is an agency that maintains the holdings ofinvestors in an electronic form An AMC could also function as a depositary Investors who hold investment units in a depositary system are known as beneficiaries Depositary systems may have registrar systems which maintain records of the balances known as positions held by each beneficiary and also process and disburse dividend payments for the beneficiaries In some cases depositaries could also interface with external systems that will provide registrar services for the depositary Another function served by a registrar is the conversion of the physical shares to electronic format and vice versa When a physical share is converted to an electronic form it is said to be dematerialized When the reverse occurs it is said to be rematerialized Oracle FLEXCUBE Investor Servicing provides the facility of functioning as a registrar system to an external depositary In such a scenario FC IS receives details of positions held by beneficiaries in the depositary and updates these positions whenever a dividend is disbursed FC IS also processes requests for dematerialization and re
9. eeee eee aaa aaa aaa ERTA AREETA 2 3 2 3 3 Retrieving Record in Fund ISIN Summary screen 222 111122111 2 4 2 3 4 Editing Fund ISIN Mapping esisiini eee aaa aaa a aan aaa aaa a nn a aa ae eanet 2 5 2 3 5 Viewing Fund ISIN Mapping cccoosssusss aikanaa aa naa a aan ankan kaan een 2 5 2 3 6 Deleting Fund ISIN Mapping eese eee ainkaan aaa aaa aaa akkaa aan eeeaen 2 6 2 3 7 Authorizing Fund ISIN Mapping aseee eesseeaeaa aaa aaa kkka aka a kaka aaeeeen 2 6 2 3 8 Amending Fund ISIN Mapping ccscosssssssuaa akkaa kka akkaa akkaa aa aeeaen 2 6 2 3 9 Authorizing Amended Fund ISIN Mapping ccccoossussssssuas iii ieeeeen 2 6 2 3 10 Maintaining Interfaces for Uploading Beneficiary Positions 2 7 2 4 Dividend Processing for Beneficiaries ussussss o nn aan an naan ennnen 2 7 2 5 Processing Requests for De materialization eeee enne nananana 2 7 2 6 Processing Requests for Re materialization see aaa aaa 2 8 Function ID GIOSSary ssa ii iR GC EE iz RA NONL KSTKASTSNT 3 1 1 1 1 2 1 3 1 4 1 5 1 About This Manual Introduction Welcome to Oracle FLEXCUBE Investor Servicing a comprehensive mutual funds automation software from Oracle Financial Servicing Software Ltd This Oracle FLEXCUBE Investor Servicing User Manual helps you use the system to achieve optimum automation of all your mutual
10. ers For example lt CTRL gt Shortcut All short cut keys are contained in brackets For example keys lt ALT SHIFT gt 1 6 Glossary of Icons This User Manual may refer to all or some of the following icons Icons Function Ea Exit Add Row Delete Row Pr Option List 1 7 Abbreviations and Acronyms The following acronyms and abbreviations are adhered to in this User Manual Abbreviation Meaning Acronym ADMIN User Administrator AGY The Agency Branch component of the system AMC Asset Management Company BOD Beginning of Day CDSC Contingent Deferred Sales Charge CGT Capital Gains Tax Ve ORACLE CIF Customer Information File EOD End of Day EPU Earnings per unit FC IS Oracle FLEXCUBE Investor Servicing FMG The Fund Manager component of the system FPADMIN Oracle FLEXCUBE Administrator ID Identification IHPP Inflation Hedged Pension Plan IPO Initial Public Offering LEP Life and Endowment Products LOI Letter of Intent NAV Net Asset Value REG The Registrar component of the system ROA Rights of Accumulation ROI Return on Investment SI Standing Instructions SMS Security Management System URL Uniform Resource Locator VAT Value Added Tax WAUC Weighted Average Unit Cost 1 8 Getting Help Online help is available for all t
11. for the fund ISIN distribution mode association Fund ISIN Summary screen To perform any operation on Fund ISIN association you must first retrieve the record from the database in the Summary screen ORACLE Invoke the Fund ISIN Mapping Summary screen by typing UTSFNDIS in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Fund1SIN Mapping Summary undefined Authorized v Open v Fund ID a ISIN Code zi Distribution Mode v Records per page 15 v 1 of 1 Authorized Open Fund ID ISIN Code Distribution Mode Remarks i 4 m J 2 3 3 Retrieving Record in Fund ISIN Summary screen You can retrieve a previously entered record in the Summary Screen as follows In the Browser select Fund ISIN menu and click on Summary specify any or allofthe following details in the corresponding fields e The status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved e The status of the record in the Record Status field If you choose the Blank Space option then all records are retrieved e Fund ID e ISIN e Distribution Mode Click Search button to view the records All the records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail
12. fund investor servicing processes It contains guidelines for specific tasks descriptions of various features and processes in the system and general information Related Documents The User Manual is organized in to various parts each discussing a component of the Oracle FLEXCUBE Investor Servicing system Audience This Fund Manager User Manual is intended for the Fund Administrator users and system operators in the AMC Organization This volume of the Fund Manager User manual is organized under the following chapter sequence About This Manual explains the structure audience organization and Chapter 1 related documents of this manual Depositories Interface with Depositary Systems explains maintaining Chapter 2 depository as unit holder associating funds with ISIN code processing requests for dematerialization and re materialization Conventions Used in this Manual Before you begin using this User Manual it is important to understand the typographical conventions used in it 1 1 ORACLE 1 5 1 General Conventions Convention Type of Information Italic type Functional foreign terms Validations for fields on a screen References to related Headings Users Manuals For emphasis Numbered Step by step procedures Bullet 1 5 2 Keyboard Conventions Convention Type of Information Keys All keys of the keyboard are represented in capital lett
13. ith the specified details are retrieved and displayed in the lower portion of the screen e Double click the record that you want to modify in the list of displayed records The Fund ISIN Mapping Detail screen is displayed e Select Unlock Operation from the Action list to modify the record Modify the necessary information e Click Save to save your changes The Fund ISIN Mapping Detail screen is closed and the changes made are reflected in the Fund ISIN Summary screen Viewing Fund ISIN Mapping To view a record that you have previously input you must retrieve the same in the Fund ISIN Mapping Summary screen as follows e Invoke the Fund ISIN Mapping Summary screen from the Browser e Select the status of the record that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option e Specify any or all of the details of the record in the corresponding fields on the screen e Click Search button All records with the specified fields are retrieved and displayed in the lower portion of the screen e Double click the record that you want to view in the list of displayed records The Fund ISIN Mapping Detail screen is displayed in View mode 5 ORACLE 2 3 6 Deleting Fund ISIN Mapping You can delete only unauthorized records in the system To delete a record that you have previously entered
14. nd processing therefore is done for the beneficiaries and not for the depositary unit holder account When dividend is processed the income distribution option maintained for the fund ISIN association for each fund in which the beneficiaries hold balances is applied Dividends are apportioned to each beneficiary as applicable and a report is sent back to the depositary with the updated positions ORACLE 2 3 Associating Fund with ISIN Code Each fund of the AMC which is traded through a depositary must be associated with an identification called the ISIN Code The ISIN Code will be the common identifier for the fund both in the external depositary and FC IS so that the balances of the depositary unit holder in the fund can be maintained and also apportioned to each beneficiary The income distribution option for each ISIN fund association can be maintained and used during dividend processing and distribution to achieve apportionment to each beneficiary You maintain the association of each fund with the ISIN Code in the Fund ISIN Mapping Detail screen You can invoke this screen by typing UTDFNDIS in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Fund ISIN Mapping FCIS Fund ISIN Detail New 5 Enter Query Fund ID ISIN Code Distribution Mode
15. of the AMC FC IS also maintains the balances of depositary unit holders Therefore when a unit holder who has purchased the shares from the AMC requests for de materialization you can enter a transfer transaction for the unit holder through which the physical holdings i e the shares that need to be converted can be transferred to the depositary unit holder balance in electronic form The beneficiary balance of the unit holder in the depositary unit holder account will be updated with the transferred shares Example Mr X a unit holder of your AMC holds 100 shares that he has purchased from your AMC by subscribing to the Carey Bugle Growth Fund He wishes to convert these shares to electronic form Mr X is also a beneficiary in the NGDL Depositary which has a depository unit holder account in your AMC To process the de materialization reguest you enter a transfer transaction with Mr X as the transferor in Units mode and specify the certificate details of the 100 shares that must be de materialized The transferee for this transaction would be the depositary unit holder account held by NGDL in which Mr X is a beneficiary The beneficiary position of Mr X in the Carey Bugle Fund will be updated with the units transferred due to the de materialization of the 100 shares at ORACLE 2 6 Processing Reguests for Re materialization FCIS provides the facility of processing reguests from unit holders for conversion of units
16. rdware is developed for general use in a variety of information management applications It is not developed or intended for use in any inherently dangerous applications including applications that may create a risk of personal injury If you use this software or hardware in dangerous applications then you shall be responsible to take all appropriate failsafe backup redundancy and other measures to ensure its safe use Oracle Corporation and its affiliates disclaim any liability for any damages caused by use of this software or hardware in dangerous applications This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws Except as expressly permitted in your license agreement or allowed by law you may not use copy reproduce translate broadcast modify license transmit distribute exhibit perform publish or display any part in any form or by any means Reverse engineering disassembly or decompilation of this software unless required by law for interoperability is prohibited The information contained herein is subject to change without notice and is not warranted to be error free If you find any errors please report them to us in writing This software or hardware and documentation may provide access to or information on content products and services from third parties Oracle Corporation and its affiliates are not respon
17. rized it can be modified using the Unlock operation from the Action List To make changes to a record after authorization e Invoke the Fund ISIN Mapping Summary screen from the Browser e Select the status of the record that you want to retrieve for authorization You can only amend authorized records e Specify any or all of the details in the corresponding fields on the screen e Click Search button All records with the specified details are displayed in the lower portion of the screen e Double click the record that you wish to amend The Fund ISIN Mapping Detail screen is displayed in amendment mode Select Unlock operation from the Action List to amend the record e Amendthe necessary information and click on Save to save the changes 2 3 9 Authorizing Amended Fund ISIN Mapping An amended Fund ISIN Mapping maintenance must be authorized for the amendment to be made effective in the system The authorization of amended records can be done only from Fund Manager Module The process of subseguent authorization is the same as that for normal transactions 286 ORACLE 2 3 10 2 4 2 5 Maintaining Interfaces for Uploading Beneficiary Positions Prior to each dividend declaration the positions for each beneficiary must be obtained from the depositary and stored in the FC IS database so that the dividend declared and processed can be apportioned to each beneficiary based on the beneficiary position You must maint
18. sible for and expressly disclaim all warranties of any kind with respect to third party content products and services Oracle Corporation and its affiliates will not be responsible for any loss costs or damages incurred due to your access to or use of third party content products or services

Download Pdf Manuals

image

Related Search

Related Contents

Engagement de versement employeur - immigration  変更版 - 久留米市  RIDGID R250AFE Use and Care Manual  Guía de usuario del Nokia 2330 classic  Achtung - Viessmann  MANUAL TERMOFORMADORA p imprimir.cdr  Philips USB battery pack DLP2000  V650 - Wholesale Point  20B011-00 E3 User Manual - Diamond Point International  

Copyright © All rights reserved.
Failed to retrieve file