Processes
Closing Unit Fund Accounts
Purpose To allow the closure of Unit Fund accounts when funds are completely withdrawn Timing There are two parts to this process: Paying out Unit Fund accounts during the distribution period and writing off the future balance Closing the Unit Fund ...
Create & Print Unit Fund Certificates
Purpose Allow the creation and printing of a certificate confirming investment details with a client. Certificates will only be created if the Unit Fund Account has the flag “Print Certificates” set to Yes. Annual Certificates can be created by ...
Call Account to Unit Fund Migration
Purpose Transfers the Call Accounts to Unit Fund Accounts, and deletes the Call Account Access Unit Fund | Migrate Call Accounts Process A Backup should always be taken before running this process Field Explanation Call Acct Type [F2] to the Call ...
Post Unit Fund Distribution - Investment
Purpose There is functionality within the system to distribute income from loan accounts over Unit Fund Accounts using a rate of interest that is calculated at the time of the distribution. A summary of the process is as follows: Up to six Variable ...
Post Unit Fund Distribution - Units
Purpose There is functionality within the system to distribute income from loan accounts over Unit Fund Accounts using a rate of interest that is calculated at the time of the distribution. A summary of the process is as follows: Up to six Variable ...
Revalue Unit Fund Accounts
Purpose The value of units of a fund may vary over time. This will result in a loss (decrease in unit value) or gain (increase in unit value) on the investment by the account holder. This process automatically updates the Unit Fund Account and ...