Unit Fund Account Details

Purpose

The types of investment that are recorded through this module are:

1. Unit Funds where income is earned on a regular basis
   
2. Unit Funds where income is distributed to the account on a pre-determined basis
   

 The Unit Fund module allows the revaluation of the fund from time to time

Timing

Unit Fund Accounts may be viewed or set up at any time

Access

1. Unit Fund | Access Unit Fund Accounts
   
2.  from the main dialog
3. [F2] in the Account lookup field

Dialog Details

Details Specific Fields

Field	Explanation
Broker Percentage	The percentage of the current account balance that will be paid to the associated dealer during the Calculate and Post Unit Fund Brokerage process
Certificate	Set to Yes if a certificate is be to generated by the system through the menu option Create and Print Certificates Otherwise set to No Once the Certificate has been generated, this indicator will change to Printed If the certificate needs to be reprinted, access , highlight the certificate communication and
No of Units	Display only field Number of Units that the investor holds
Unit Value	Display only field Shows the current value of the unit for the account type associated with the Unit Fund account

• Related Articles

• 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 ...

• Unit Fund Account Type Setup

  Purpose To allow for different types of Unit Fund Accounts to be created, such as Unit Fund and Loan Repayments Each Account Type can be assigned a different Unit Value if required Access Accounts | Edit/View Account Types | | Unit Fund Account Type ...

• Unit Fund Brokerage

  Setup Brokerage can be calculated automatically by the system based on a Brokerage Rate. The brokerage calculated can be posted to either a head off client or to an individual broker. Each broker must first be set up as a dealer The dealer account is ...

• Unit Fund Brokerage Report

  Purpose To allow the reporting of brokerage amounts to be paid to brokers calculated between user defined date ranges Timing This report may be run at any time, but is usually run at a month or quarter end. As the report is date range dependant, it ...

• 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 ...