Portfolio Redemptions

How do I Process Portfolio Redemptions and/or Withdrawals?(IL706)

Portfolio payouts - whether they are redemptions or withdrawals - must be done through cash processing. To process:

• From the DDI-Connect main menu, double-click Financial Services

• Double-click Cash Receipts Stage 1

• Enter a new item in an existing batch (or create a new batch) for the amount of the withdrawal or payout. For information on how to enter a new batch, please reference this page: Cash Processing Stage 1

• When the item is entered, go to Financial Services and double-click Data Processing

• Double-click Payment Processing (Stage 2)

• Locate the batch that contains the payout for the portfolio. Click once to highlight it - this will display the items in the Detail area of the screen:

• Double-click the transaction in question. This activates the Transactions tab:

• Double-click Portfolio Transactions. This displays the Portfolio sub-menu:

• Double-click Portfolio Redemption/Sale. This launches the Portfolio Redemption/Sale screen:

* In the Portfolio field, type the number for the portfolio you are processing the transaction for. You can also click the list icon to display a list of all portfolios in the system, or you can click the binoculars to search for a particular portfolio

• Once the number is entered, press enter or click Find. This activates the fields for modification: