Adding a New Investment Manager

Code

A short code for the Asset Manager.

Name

The name of the Asset Manager / Investment House.

Language

Select from the drop-down list.

Bank Name

Click on the LINK button to select the Bank.

Branch Name

Click on the LINK button to select the Branch.

Account Type

Select from the drop-down list.

Start Date

The start date of the relationship with the Bank Account.

Account Number

The Account Number of the Bank Account.

Surname/Company

The Account Holder name.

Bank Interface

Select from the drop-down list (where applicable).

Status

Select from the drop-down list (where applicable).

Surname

The person's surname

Initials

The person's initials

Title

Click on the LINK button to select a Title.

Language

Select from the drop-down list

Date of Birth

DD/MM/CCYY

Sex

Select from the drop-down list to select a gender.

Identity Type

Select one of the options from the drop-down box (BOTSWANA ID, Mozambique, Other, SA ID, ZAMBIA ID)

Identity Number

The person's identity number

Mandatory

Passport Country

The country which issued the Passport.  Select a Country from the LIST.

This field is mandatory if the Identity Type selected is PASSPORT.

Contact Person Role

The particular role and responsibility of the contact person

Start Date

The start date for the details of the contact person.

Code

Unique identifier for the investment medium - compulsory field

Description

Description of the investment medium - compulsory field

Asset Manager

The legal name of the Asset Manager.

Investment Manager

Click LINK. 

This links to the JU1AP Corporate Client List screen and displays a list of corporate clients for selection.

Contact Person

Click LINK. 

This links to the JU1CP Contact Person screen and displays a list of contact persons for selection.

Maximum Price

Increase %

The maximum percentage by which the unit price is likely to increase

Decrease %

The maximum percentage by which the unit price is likely to decrease

Maximum Investment %

The maximum percentage allowed for this investment medium.

Switches Out

Notice Period

The number of days notice required for a switch.

In the case of daily priced portfolios, the effective date of the switch will be set by adding this number of days to the date of capture.

In the case of monthly priced portfolios, the effective date of the switch will be set as the first day of the month greater than the date of capture plus this number of days.

(This is the OPTIONAL)

Settlement Delay Days

Defines the number of days within which the asset management company undertakes to pay the money into the product’s bank account, after receiving an instruction to disinvest.  i.e. when the buy leg can take place.

Note:

If you want the sell and buy transactions to be created with the same day then the Settlement Delay Days must be set to 0.

Used in the realisation and switching processes. (This is the OPTIONAL)

Type of Investment

Click the drop-down list and choose from BONUS, UNITISED, SCHEME ONLY or DEFINED BENEFIT.

Pricing Method

Select a value from the drop-down list.

SAME DAY - the unit price of the transaction date will be applied.  (This is the default)

FORWARD - the unit price of the first working day after the transaction date will be applied.

HISTORIC the unit price with an effective date equal to the first working day prior to the transaction date will be applied.

Country

The country of the asset management company.

Click the drop-down list and choose a Country.

Asset Classification

Select one of the following values from the drop-down list:

BALANCED

EQUITY

CASH

FIXED INTEREST

BONDS

Grouping Status

Select one of the following values from the drop-down list:

FUND OF FUNDS

PART OF FOF

MAIN FUND

SUB FUND

Effective Date

The date of commencement of the use of this investment medium in the product’s investment portfolio.

End Date

End date.

Date of last price required

The date from which unit prices are no longer required.

Note:

These Investment Mediums will then be excluded from the list of Investment Mediums when unit prices are captured after the last price required has been authorised.

Investment Cut-off Time

The cut-off time for investment in the format HH:MM:SS (Hours:Minutes:Seconds).

A value of 00:00:00 may be captured. (This is the OPTIONAL)

Disinvestment Cut-off Time

The cut-off time for disinvestment in the format HH:MM:SS (Hours:Minutes:Seconds).

A value of 00:00:00 may be captured.  (This is the OPTIONAL)

Same day Switching

Tick the box to indicate that same day switching is allowed.

Pricing Frequency

Select the frequency of pricing for the Investment Medium by clicking on the applicable Radio Button. Investment Medium pricing options:
- Daily
- Monthly
- Annually

Disinvestment Advice

Select either Units or Amounts as the unit for Investment Advice for the Investment Medium by clicking on the applicable Radio Button.

The option selected will determine whether disinvestments should be done as a number of units or as an amount

Capture Method

Defines the level at which unit prices or bonus/interest rates must be captured.

CAPTURE/INV MED means that the unit price or bonus/interest rate is captured at Investment Medium level and indicates that the unit price or bonus/interest rate is applicable to all products utilising that investment medium.

CAPTURE/PORTF means that the unit price or bonus/interest rate is captured at a product level and is applicable only to that product.

DERIVED applies only to unit trusts and means that the unit price applicable to each product is derived from one basic price captured at the investment medium level.

The initial charge applicable to the product and captured on the investment portfolio is used to calculate the product’s price.

Bonus Price

Select a value from the drop-down list.  Values are MONTHLY or DAILY.

This field will only be enabled if the Market Value Adjustment field is ticked.

(This is the OPTIONAL)

Calculation Source

Select one of the following values from the drop-down list:

ACCOUNTING

INPUT

INV STATEMENT

Ledger Purpose Class

External Value

If coded Y, and provided the member has an investment balance in one or more of the investment mediums, a benefit adjustment update type will be created automatically during the benefit payment process. (This is the OPTIONAL)

Separate Buy and Sell Price

This is relevant when there is a difference in the price that units are sold at and the price that they are purchased at. (This is the OPTIONAL)

Fixed Switch Date Indicator

This will be relevant if the asset manager has specified set dates on which switches may occur. (This is the OPTIONAL)

Member Level Advice

This must be selected if the asset manager managing the product's investments requires investment advice to be specified at member level. (This is the OPTIONAL)

Market Value Adjustment

This field will only be enabled if the value selected for the Type of Investment field is BONUS.

Note:

This field can only be updated at the time of creation of the Investment Medium.

Refer to Take-on of MV for Bonus Funds with MV adjustments.

(This is the OPTIONAL)

Fixed Term Investment

Select this field if there are structured portfolios that can only be switched into or out of on a fixed date annually.

Effective Date

The date that the Asset Manager started with the product.

Description

This will be relevant if the asset manager has specified set dates on which switches may occur. (This is the OPTIONAL)