5 posts tagged with "Transfer Agency"

When it is imperative that a user create at least one investment account in the Investment Account task, a configuration toggle can now be enabled in Investment Account task properties to enforce investment account creation. If the user attempts to complete the Investment Account task and no investment accounts have been created against the entity, they will be presented with a validation error and cannot complete the task until at least one investment account has been created.

When it is imperative that a user capture at least one bank account in the bank account task, a configuration toggle can now be enabled in Bank Accounts task properties to enforce bank account creation. If the user attempts to complete the bank account task and no bank accounts have been captured against the entity, they will be presented with a validation error and cannot complete the task until at least one bank account has been captured.

When the Default Investment Account Name toggle is enabled, Investment Account names will now automatically regenerate each time the Investment Account task is saved or completed, ensuring names stay consistent with the latest Investor, Fund, and Fund Product data. A new Update Investment Account Names During Verification toggle is also available in the Verification Task configuration, allowing names to be refreshed across all draft Investment Accounts during the verification process.

When the Default Investment Account Name toggle is enabled, the Investment Account name is now automatically generated to include the linked Fund Product type, in addition to the Entity name and Fund name.

The updated naming formats are:

• No Fund linked: EntityName_Account
• Fund linked, no Product: EntityName_FundName_Account
• Fund and Product linked: EntityName_FundName_ProductType_Account

The name updates dynamically as Fund Product linkages are added or changed. If the generated name exceeds the configured character limit, it is truncated from the end. No new toggles or permissions are required - this behaviour is governed entirely by the existing Default Investment Account Name toggle. The tooltip text for this toggle has also been updated to reflect the new logic.

Funds with status Offboarded are now excluded from Fund search results when linking a Fund to an Investment Account and cannot be selected. If a user attempts to link an Offboarded Fund by submitting a Fund ID directly, the system rejects the request and displays the message: "The selected Fund cannot be linked as it is offboarded or pending offboarding."

Funds with status Pending Offboarding are still returned in search results and may be linked as normal.

Where an Investment Account is already linked to a Fund that subsequently becomes Offboarded, the existing link is preserved. A warning message is displayed above the Fund grid to notify the user that the linked Fund has been offboarded.