Issue
As the previous Financial Year has been closed, I cannot update the business event. How do I now take up the DRP Unit?
Background
There is a dividend/distribution event processed in a previous closed financial year, however, DRP has not been taken up.
Resolution
To resolve this issue there are two options available:
Option 1 : To take up the DRP Residual at the same time
Option 2 : No need to record the DRP Residual balance
Option 1: To take up DRP Residual at the same time
Navigate to Fund level > Transactions > Investment - Buy > Listed / Unlisted Security Acquisition
- Select the Investment Holding Account
- Record the Trade Date and Settlement Date as the payment date of the dividend or distribution
- Record the Units using the DRP Allotted Quantity
- Record the Trade Value using the DRP Allotted Share Cost
Navigate to Fund level > Transactions > Fund Income > Distribution - Reinvestment or Dividend - Reinvestment
- Select the Investment Holding Account
- Record the Trade Date and Settlement Date
- Update the Residual Balance in the Residual Adjustment (+/-) box
- Select Submit
Navigate to Fund level > Transactions > Match Transactions
- Match off the three (3) business events.
Option 2 : No need to record the DRP Residual balance
Navigate to Fund level > Transactions > Investment - Buy > Listed / Unlisted Security Acquisition
- Select the Investment Holding Account
- Record the Trade Date and Settlement Date as the payment date of the dividend or distribution
- Record the Units using the DRP Allotted Quantity
- Record the Trade Value using the DRP Allotted Share Cost