Record Request Based Fixed Return Investment

This activity allows you to record the details of the fixed return instruments. The system updates the instrument Details such as Maturity date, Maturity amount, Interest Rate, Interest Periodicity.

Select the “Record Request Based Fixed return Investment” activity under the “Investment Transactions” business component.

The “Record Request Based Fixed return Investment” page appears.

Request No. From	The starting number in the range of numbers identifying the request that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves all the requests that are similar to the value entered here. Help facility available.
To	The ending number in the range of numbers identifying the request that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves the entire requests that are similar to the value entered here. Help facility available.
Instrument Type	Use the drop-down list box to select the instrument type classification, for which you want to create fixed return instruments. All the instrument types that has been defined in the “Maintain Entity” activity of the “Financial Service Setup” business component for the entity type “Investment Type” is available for selection.
Request Date From	The starting date in the range of dates identifying the request date that you want to retrieve.
To	The ending date in the range of dates identifying the request date that you want to retrieve.
Instrument Currency	Use the drop-down list box to select the currency of the instrument. All the permitted currencies of the combo is loaded and defaulted with the base currency of the login company.
Party Code From	The starting code in the range of codes identifying the party code that you want to retrieve. You can enter the number in full or specify it partially using the “*” character. The system retrieves all the requests that are similar to the value entered here. Help facility available.
To	The ending code in the range of codes identifying the party code that you want to retrieve. You can enter the number in full or specify it partially using the “*” character. The system retrieves the entire requests that are similar to the value entered here. Help facility available.
Party Name	The name of the party.
Pay Date From	The starting date in the range of dates identifying the pay date that you want to retrieve.
To	The ending date in the range of dates identifying the pay date that you want to retrieve.
Finance Book	Use the drop-down list box to select the finance book in which the request for investment has been created.
Bank Code From	The starting code in the range of codes identifying the bank code that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves all the requests that are similar to the value entered here. Help facility available.
To	The ending code in the range of codes identifying the bank code that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves the entire requests that are similar to the value entered here. Help facility available.
Pay Currency	Use the drop-down list box to select the currency in which the payment for the instrument has been made. All the permitted currencies of the combo is loaded and defaulted with “All”.

Click the “Get Details” pushbutton to retrieve the above search results.

The system retrieves and displays the following in the “Instrument Information” multiline based on the search criteria entered:

Request No.

The unique number identifying the request number.

Data hyperlink available.

Request Date

The date on which the request has been created.

Enter the following details in “Request Details” multiline:

Ref. ID No.

The reference ID of the instrument. (Alphanumeric, 70). Mandatory when Manual is selected in the Numbering Type. When Automatic is selected, then this number is generated by the system on clicking the “Record” button.

Note: Ref. ID is created as follows:

Prefix – ITR / Based on Instrument Type/

Suffix

Case 1 – Financial year is from 01 April of a year to 31 March of the next year. Example: For the financial year 2008-2009, suffix is 08-09.

Case 2 – Financial year is from 01 January of a year to 31 December of that year. Example: For the financial year 2008, suffix is 08.

Running Serial No – It runs a serial number starting from 1 to 9999. This number is reset to 1 at change of every financial year.

For Instrument type fixed Deposits, Ref. ID like ITR\F\0001\2008-09, ITR\F\0002\2008-09…..and finally ITR\F\9999\2008-09

For Instrument Type Mutual Fund Ref. ID like ITR\M\0001\08-09, ITR\M\0002\08-09…..and finally ITR\M\9999\08-09

Note: To decide to which financial year, the Ref. ID belongs to, consider the Ref. ID Date (If entered). If the entered Ref. ID Date belongs to a previous financial year, Ref. ID number to be generated by incrementing the running serial number for the applicable financial year. It is not based on the system date.

Example: An instance where financial years are defined as 01 Apr 2008 - 31 Mar 2009 and 01 Apr 2009 to 31 Mar 2010, with system date as 21 July 2009, If you are entering Instrument details for a Instrument created on 21 mar 2009 and Ref. ID date as 21 Mar 2009, Ref. ID to use running serial number for the financial year 2008 - 2009. However, in this case, if Ref. ID Date has not been entered (application defaults system date as the current date), application generates Ref. ID using the current financial year 2009 -2010, even though Instrument date belongs to Mar 2009.

Ref ID Date	The date on which the reference ID has been created.
Instrument No.	The unique number of the instrument.
Instrument Date	The date on which the instrument has been issued by the party.
Maturity Date	The date on which the instrument can be realized.
Maturity Amount	The value fetched from the investment on maturity.

The system displays the following fields.

Tenure	The tenure of the investment saved in the request.
Interest Rate	The default interest rate set in the function parameters.
Tenure Periodicity	Use the drop-down list box to select the tenure periodicity of the instrument. The system defaults the tenure periodicity from the request on get details. On launch of the page, the default tenure periodicity set in the function parameters.
Interest Periodicity	Use the drop-down list box to select the interest periodicity of the instrument. On launch of the page, the default tenure periodicity set in the function parameters is defaulted.
Party Code	The entity where the investment has been made. The party code can be a bank, post office, or a mutual fund institution.
Party Name	The description of the party code.
Instrument Type	The type to which the instrument belongs.
Instrument Currency	The currency in which the instrument has been created.
Instrument Amount	The amount for the instrument in instrument currency.
Request OU	The organization unit in which the request has been created.

Enter the following details:

Ref. ID Numbering Type	Use the drop-down list box to specify the numbering type. The combo is loaded with options “Automatic” and “Manual”. The system displays “Automatic” by default on launch of the page.
Ref. ID Date	The date of creation of reference ID of the instrument. (Date format).

Click the “Record Investment” pushbutton to create the instrument.

The system updates the status of the instrument number / reference Id number to “Fresh”.

Click the “Record and Authorize” pushbutton to create and authorize the instrument.

The system updates the status to “Active”.

To proceed, carry out the following

Select the “Record Investment Details for Request” link at the bottom of the page to enter multiple instruments for the request.
Select the “Maintain Fixed Return Investment Details” link at the bottom of the page to modify the instrument.

Prerequisites

4 Finance book must be defined in the “Create Finance Book” activity of the “Organization Set Up” business component

4 Instrument type / party type to be defined in the FSS