24 Jul Release – 24 July 2015
The following enhancements and new functionality are included in this week’s release:
Invest into risk instrument
This new functionality is to cater for the ability to Invest into Risk Instruments or non-investment instrument in the investment instruction, by specifying that some of the cash is going to another entity like for example an insurance company, funeral policy or loan payments.
First, you would need to create a company and Instrument Provider, which is the entity to which the amounts received for the non-investment instrument, should be paid to.
Please note that all existing Fund Managers on the system have been migrated to Instrument Providers.
If a company entity does not yet exist for the Instrument Provider to be linked to, please see Adding & Editing a Company.
To create the Instrument Provider:
Select Instruments > Instrument Provider > Add > search for the existing company > Enter the name of the Instrument Provider > Save
Then, an Insurance Instrument can be added.
Select Instruments > Insurance Instrument > Add > Enter the Instrument code and -name > select the Instrument provider > Save
The new instrument will now be displayed in the list of Insurance Instruments
Before the instrument will be available on an investment instruction, it will first need to be made available on all the required levels:
Make instrument available on Product:
System > Product > select the relevant product on which the instrument should be made available > Available Instruments > Add Instrument > Link the instrument
Investing into an Insurance Instrument:
An Insurance Instrument can be invested in by the following instructions:
Investment Once Off
Investment Recurring
Switch into (Buy part)
From the instruction view, select the Insurance Instrument the same way as any other instrument would be selected.
Submit and match the instruction.
On authorising the instruction, it will be completed and will be displayed in the Insurance Instrument section of the investor account dashboard.
The insurance money will now also have been exchanged from the cash from the investor account to the 3rd party account – Bulk Trading Portfolio of the Instrument Provider.
* Refer to your online Pivotal Tracker Project for a full list of changes and enhancements for the release.