This functionality is for notional investment. The system creates a unitised fund disinvestment in the investment purpose class ledger.
When money is invested and the number of units purchased is advised by the asset manager, a manual accounting activity journal can be processed that records the amount invested and the number of units purchased in the separate investment ledger.
Similarly, when fund units are re-purchased and the value received is known, a manual accounting activity journal can be processed to record the number of units disinvested and the value of the units disinvested in the investment ledger.
From the main menu on top, select Transaction Capture. A sub-menu will be displayed on the left.
Select Fund Disinvestment. The JU2EE Fund Disinvestment screen will be displayed.
The following fields will be displayed for each fund disinvestment:
- Creation Date
- Transaction Date
- Scheme Code
- Portfolio
- Number of UnitsAmount
- User ID
- Status
To locate a specific fund disinvestment click SEARCH. The JU2EE Fund Disinvestment Search Criteria screen will be displayed.
Enter the relevant search criteria as follows:
|
Scheme Code |
The scheme code of the fund disinvestment. |
|
Status |
Capture the status of the fund disinvestment. Values may be the following: AUTHORISED BT INV ADVICE COMPLETED |
|
Creation Date |
Capture the date on which the disinvestment was created. |
|
Transaction Date |
Capture the date of the transaction |
Once the required criteria have been provided, click OK. Records meeting the criteria (if any) will be displayed on the JU2EE Fund Disinvestment screen.
To create a fund disinvestment, either click NEW or select Create Fund Disinvestment from the sub-menu on the left.
The JU2EE Fund Disinvestment Detail screen will be displayed.
Descriptions of the input fields on this screen appear below.
|
Scheme |
To select a scheme click LINK. The JU1BK List screen will be displayed for a product to be selected. |
|
Investment Portfolio |
To select an investment portfolio linked to a Product click LINK. The JU1BV Scheme Portfolio List screen will be displayed for an investment portfolio to be selected. |
|
Income Type |
To select an income type click LINK. The JU1BX Scheme Income Type List screen will be displayed for an Income Type to be selected. |
|
Transaction Date |
Capture the date of the transaction. This must be a valid working day. |
|
Number of Units |
The number of units to be disinvested (if the product is unitised). |
|
Amount |
The monetary value of the units. (Mandatory) |
Once all of the required data has been captured, click SAVE. The captured data will be displayed on the JU2EE Fund Disinvestment screen.
For more information on the processing of the disinvestment and the accounting activities created, refer to Fund Disinvestment Processing.
Reject
To view details of a disinvestment, select a line and click OPEN. The JU2EE Fund Disinvestment Detail screen will be displayed.
To remove the fund disinvestment, click REJECT. A warning message will confirm that the accounting journal has been rejected.
Click OK to remove the message. The disinvestment is removed from the JU2EE Fund Disinvestment screen.
To realise / authorise details of a disinvestment, select a line with a status that is not AUTHORISED BT on the JU2EE Fund Disinvestment screen.
Either click OPEN and then click REALISE/AUTHORISE on the JU2EE Fund Disinvestment Detail screen,
or
select Realise / Authorise Disinvestment from the sub-menu on the left.
If an attempt to realise / authorise is made by the same user who was also the doer, a warning message will be displayed.
Click OK to remove the message. Authorisation can only be done by a user who is not the doer.
If a unit price is missing for the selected portfolio, an error message will be displayed.
Click OK to remove the message.
If the realisation / authorisation is valid, a message will be displayed to confirm authorisation.
The Status column for the select item on the JU2EE Fund Disinvestment screen will be changed to AUTHORISED BT.