This module will not be further enhanced. Support is limited to defect fixing only.

Introduction to Fund Investments

The Fund Investments module consists of customized fund products sold by financial institutions, whose valuations are obtained from external agencies and investments in designated funds, funded through Central Provident Funds or Retirement Schemes.

Securities Orders Funded through MF and CPF

Securities orders funded via Central Provident Fund Supplementary Retirement Schemes (CPF or SRS) take a different flow compared to conventional orders. The client accounts linked to the portfolios are not affected with these transactions. There is a provision to record the fees collected from the customer. The accounting entries including fees are captured in the suspense account, which can be later used for settlements with the fund house. It is common, for certain funds or securities to be bought under the usual plans as well as under orders funded via CPF or SRS. In case of conventional fund orders, the client accounts attached to the portfolio are affected in case of orders funded via CPF or SRS, these accounts would not have any accounting.

MF and CPF Regulatory Change

At the CPF.PARAMETER level, define depository needs to be setup by the payment method and requires the set-up of 6 depo codes for CPF-OA cash depo, CPF-SA cash depo, SRS cash depo, CPF-OA reinvest depo, CPF-SA reinvest depo and SRS reinvest depo for mutual fund orders.

At the order or trade level, the depository code needs to be defaulted based on the payment method and Invest option type.

Signature Portfolio Valuations

Signature portfolio instruments are instruments sold to high net worth individuals in Singapore. They are essentially pooled investment vehicles with access to a variety of instruments. Due to the nature of these instruments, an external agency values these instruments. Since, these are not traded and are similar to mutual funds; the valuations for each client portfolio are received separately. A mechanism is developed to update the valuation in Core Banking and support other steps such as additional subscription (buy), partial redemption and full redemption.