In addition to the standard business rules for endowment transactions, the following business rules apply to asset increase transactions:
When you initiate this e-doc, you must select a transaction subtype (‘Cash’ or ‘Non-Cash’). Each subtype has selected business rules attached (see below).
You must select or enter a valid and active security in the Security Details tab. The security entered must not have a Class Code
value of ‘L’ (Liability).
You may specify only one security record in each transaction e-doc.
After you specify a security, the system displays the associated security name, class code, security transaction code and description, and tax lot indicator.
You must enter a valid, active registration code.
If the transaction sub type is cash, you
cannot enter an Etran code in the Transaction
If the transaction sub type is non-cash, you must enter an Etran code in the Transaction Lines tab. The Etran code entered must be valid for the KEMID specified on the line.
You must enter a number greater than zero in the Transaction Units field in the Transaction Lines tab.
When you add a transaction line, the system checks to see whether the Etran code
affects corpus. If it does, the system updates the KEMID’s corpus value accordingly.
If the security ID has a class code type of ‘A’ (Alternative Investments), the total holding cost for the security plus the transaction amount cannot exceed the commitment
amount for the security. If it does, the transaction is not allowed.
When you reverse a transaction (via the error correction button that displays at the bottom of the screen after a transaction has been
posted), the system verifies that the tax lot referenced in each tax lot line has sufficient units and value to complete the transaction. If either is insufficient, the transaction is not allowed.
When you reverse a transaction, the system generates a new e-doc using all the information from the original e-doc with all signs reversed for units and amounts in both the transaction lines and the tax lot lines.