Overview

Non-renounceable rights cannot be sold on the market or transferred. If not actioned, these rights will lapse.

Prerequisite: Non-Renounceable Rights account and number of Rights have been added. Refer to Non-Renounceable Rights Issue.

How to Process

From the Corporate Actions screen, view the Type column. Confirm Non-Renounceable Rights Issue Excerised/Lapsed appears under the column before proceeding.
Select Process under the Action column.
Non-Renounceable Share Rights Exercised/Lapsed will display as the Corporate Actions Type.
The existing Rights account held by the fund will display.
Select a checkbox on which action was undertaken in regards to the Rights. More than one checkbox can be selected if required.

Exercised the Entitlement

Select "Exercised the Entitlement".
The number of Rights will display.
Select the investment account for the shares. Input the number of shares acquired and the payment will be calculated.
Select Process Corporate Action.

Premium treated as Income

Select "Entitlement lapsed and received a premium treated as income".
The amount of Rights available will display.
Input the Retail Premium received.
Select Process Corporate Action.

Matching the Bank with the Corporate Action

Bank transactions can be matched either via the Transaction Matching screen or manually via the Transaction List. For manual matching, in the Transaction List look for the two entries (Rights and Bank), select each entry and then select Match.

How to Delete a Corporate Action

If you are required to change a corporate action, you can delete and re-process the action from the Corporate Action screen.

From the Main Toolbar, go to Investments.
Select Corporate actions from the list.

Locate the corporate action under the Processed column to delete. Select the check box located next to the transaction and Delete.

If disposals have been processed after the corporate action date for the investment it is recommended to delete the disposal first from the Transaction List.