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1		-**DISCLAIMER**
	1	+(% style="text-align: center;" %)
	2	+= (% style="color:#2980b9; font-size:28px" %)**INVESTMENTS PAYABLE**(%%) =
2	2
3		-Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
4	4
5		-In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
6	6
7		-EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
	6	+(% style="text-align: center;" %)
	7	+(% style="color:#2980b9" %)**BY**
8	8
9		-Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
10	10
11	11
	11	+(% style="text-align:center" %)
	12	+[[image:Investments Payable_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
12	12
	14	+{{info}}
	15	+(% style="text-align: center;" %)
	16	+(% style="color:#2980b9; font-size:20px" %)**TABLE OF CONTENTS**
13	13
14	14
15	15
	20	+{{toc/}}
16	16
	22	+
	23	+{{/info}}
17	17
18		-**COPYRIGHT**
19	19
20		-This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
	26	+(% style="text-align: center;" %)
	27	+== (% style="color:#2980b9" %)**Investments Payable**(%%) ==
21	21
22		-EBSphere (Pty) Limited
23	23
24		-P.O. Box 785803
	30	+The investment payment controls the allocation of investment records, filtered down to a member level. If payment is not made through these screens, the investment record will not be shown at a member level. Once investments have been made, the record (% style="color:#2980b9" %)**MUST**(%%) still be priced, using the (% style="color:#2980b9" %)“**Cashflow Unit Prices**”(%%) screen, for the system to accrue growth to the transaction.
25	25
26		-Sandton
	32	+Select the relevant (% style="color:#2980b9" %)Parent -> Accounts Menu -> Cashflows.
27	27
28		-2146
29	29
	35	+(% style="text-align:center" %)
	36	+[[image:1632394843818-842.png||height="197" width="285"]]
30	30
31	31
32		-[[image:Investments Payable_html_8cba33b1e8c9fa24.gif||height="96" width="344"]]\\
	39	+Double click on the(% style="color:#2980b9" %) __view__(%%) hyperlink next to “Investments Payable”.
33	33
34		-[[image:Investments Payable_html_857ba1e075348553.png||height="13" width="656"]] //Investments Payable//
	41	+The (% style="color:#2980b9" %)“**Investments Payable - Client**”(%%) option allows for the User to affect the investment payment in respect of individual Clients.
35	35
36	36
37		-The investment payment controls the allocation of investment records, filtered down to a member level. If payment is not made through these screens, the investment record will not be shown at a member level. Once investments have been made, the record **MUST** still be priced, using the “**Cashflow Unit Prices**” screen, for the system to accrue growth to the transaction.
	44	+(% style="text-align:center" %)
	45	+[[image:1632394914322-772.png]]
38	38
39		-Select the relevant Parent Accounts Menu  Cashflows.
40	40
41		-[[image:Investments Payable_html_ae1940263c1587b4.png||height="107" width="163"]]
42		-
43		-Double click on the __view__ hyperlink next to “Investments Payable”. The “**Investments Payable - Client**” option allows for the User to affect the investment payment in respect of individual Clients.
44		-
45		-[[image:Investments Payable_html_6aa951591e1067db.gif||alt="Shape1"]] [[image:Investments Payable_html_6cd203e3f2ce3b0a.png||height="193" width="504"]]
46		-
47	47	The screen that opens will reflect two sections, as detailed below.
48	48
49		-[[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape3"]] [[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape2"]] [[image:Investments Payable_html_f6123a90010599af.gif||alt="Shape7"]] [[image:Investments Payable_html_29e70ac18f66efca.gif||alt="Shape5"]] [[image:Investments Payable_html_8dd3e1ad262ffbfd.gif||alt="Shape6"]] [[image:Investments Payable_html_8dd3e1ad262ffbfd.gif||alt="Shape4"]]
50	50
51		-Mandated Policy Selection
	51	+- Mandated Policy Selection
52	52
53		-Manual Policy Selection section
	53	+- Manual Policy Selection section
54	54
55		-[[image:Investments Payable_html_2848390bcfa11a60.png||height="196" width="491"]]
56	56
	56	+(% style="text-align:center" %)
	57	+[[image:1632395281029-589.png]]
57	57
58	58
	60	+The Everest system works on a two-tier investment approach. The Investment Product, which the member owns, is shown above.
59	59
60		-The Everest system works on a two-tier investment approach. The Investment Product, which the member owns, is shown above. The investment can either be made by manually selecting the policy to invest into OR by using pre-determined policy mandates, which are set up on the Investment Product at Parent level. In this regard refer to the “**Client Menu – Investment Products**”.
	62	+The investment can either be made by manually selecting the policy to invest into OR by using pre-determined policy mandates, which are set up on the Investment Product at Parent level. In this regard refer to the (% style="color:#2980b9" %)“**Client Menu – Investment Products**”.
61	61
62	62	On the following pages we will detail:
63	63
...	...	@@ -64,81 +64,142 @@
64	64	* Manual Policy Selection
65	65	* Mandated Policy Selection
66	66
	69	+(% style="text-align: center;" %)
	70	+== (% style="color:#2980b9" %)**Manual Policy Selection**(%%) ==
67	67
68		-[[image:Investments Payable_html_857ba1e075348553.png||height="13" width="656"]] //Manual Policy Selection//
69	69
	73	+Select the relevant (% style="color:#2980b9" %)Investment Product(%%) for the appropriate Accounting Date.
70	70
71		-Select the relevant Investment Product for the appropriate Accounting Date.
72	72
73		-[[image:Investments Payable_html_d33c74c0f4cadaf9.gif||alt="Shape8"]] [[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape10"]] [[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape9"]] [[image:Investments Payable_html_2848390bcfa11a60.png||height="196" width="491"]]
	76	+(% style="text-align:center" %)
	77	+[[image:1632395361594-266.png]]
74	74
75	75
76		-Change the amount to be transferred, if necessary – **NB!** If the amount is changed it will ratio the amount across any employers that were included in the amount pre-populated by Everest. To invest for specific clients rather use the “Investments Payable – Client” option.
	80	+Change the amount to be transferred, if necessary – (% style="color:#2980b9" %)**NB!**(%%) If the amount is changed it will ratio the amount across any employers that were included in the amount pre-populated by Everest.
77	77
78		-Double click on the __select__ hyperlink.
	82	+To invest for specific clients rather use the (% style="color:#2980b9" %)**“Investments Payable – Client”**(%%) option.
79	79
80		-[[image:Investments Payable_html_f46c7ed3a0a1fb72.gif||alt="Shape11"]] [[image:Investments Payable_html_112b109a4349aa33.png||height="137" width="570"]]
	84	+Double click on the (% style="color:#2980b9" %)__select__(%%) hyperlink.
81	81
82	82
83		-Double click on the __select__ hyperlink located next to the Investment Policy into which Funds will be transferred.
	87	+(% style="text-align:center" %)
	88	+[[image:1632395453770-402.png]]
84	84
85		-[[image:Investments Payable_html_12ac99e6869447e4.gif||alt="Shape13"]] [[image:Investments Payable_html_1b2128a4ebbd085a.gif||alt="Shape14"]] [[image:Investments Payable_html_3d78a26ec273cb39.gif||alt="Shape12"]] [[image:Investments Payable_html_e4d53b4109754ba3.png||height="139" width="570"]]
86	86
87		-Select the payment type i.e. the “**EFT**” button. If the assets are to be allocated to the Cash Management Account Policy do not click on the “**EFT**” button, merely click on the “**Cheque**” button.
88		-\\
	91	+Double click on the(% style="color:#2980b9" %) __select__(%%) hyperlink located next to the Investment Policy into which Funds will be transferred.
89	89
90		-[[image:Investments Payable_html_731f260d8ca6b1e2.gif||alt="Shape16"]] [[image:Investments Payable_html_29646b8d7d227d57.gif||alt="Shape15"]]
91	91
92		-[[image:Investments Payable_html_4fea53696542d2b4.png||height="350" width="570"]]
	94	+(% style="text-align:center" %)
	95	+[[image:1632395562773-354.png]]
93	93
94		-Press the “**Edit**” button. For monthly-unitised funds, ensure that the Effective Date is changed to be that of the Accounting Date. Only schemes that are unitised daily will have the Effective Date being the Actual Date.
95	95
96		-**Important Note**
	98	+Select the payment type i.e. the (% style="color:#2980b9" %)“**EFT**”(%%) button. If the assets are to be allocated to the Cash Management Account Policy do not click on the (% style="color:#2980b9" %)“**EFT**”(%%) button, merely click on the (% style="color:#2980b9" %)“**Cheque**”(%%) button.
97	97
98		-You must **NOT** change the Accounting Date, as the system uses this to match against the accrual entries. Only change the Effective Date to match the payment date, but the Accounting Date must be retained.
99	99
100		-[[image:Investments Payable_html_9329e19bc1c3efa8.gif||alt="Shape17"]] [[image:Investments Payable_html_411cf03a07354f4c.gif||alt="Shape18"]] [[image:Investments Payable_html_411cf03a07354f4c.gif||alt="Shape19"]]
	101	+(% style="text-align:center" %)
	102	+[[image:1632395695497-879.png]]
101	101
102		-[[image:Investments Payable_html_11a5ddec7f90eaad.png||height="229" width="570"]]
103	103
	105	+Press the (% style="color:#2980b9" %)“**Edit**”(%%) button. For monthly-unitised funds, ensure that the Effective Date is changed to be that of the Accounting Date. Only schemes that are unitised daily will have the Effective Date being the Actual Date.
104	104
105		-Press the “**Save**” and “**Execute**” buttons.
106		-\\
107	107
108		-**Report** A communication document is generated reflecting the transaction. This amount is entered into the Payment Management System for transfer via the electronic banking system.
	108	+(% style="color:#2980b9" %)**Important Note**
109	109
110		-[[image:Investments Payable_html_443619a29fb5a986.gif||alt="Shape26"]] [[image:Investments Payable_html_1811b0e7539b3248.gif||alt="Shape25"]] [[image:Investments Payable_html_12ac99e6869447e4.gif||alt="Shape20"]] [[image:Investments Payable_html_3f563b26e6da93ac.gif||alt="Shape23"]] [[image:Investments Payable_html_9dd07d6c1f5685e9.gif||alt="Shape28"]] [[image:Investments Payable_html_f3dd2adf5e1ca16a.gif||alt="Shape27"]] [[image:Investments Payable_html_8de5e79c3f11352d.gif||alt="Shape21"]] [[image:Investments Payable_html_361aa90e175ec0fd.gif||alt="Shape22"]] [[image:Investments Payable_html_8d4fcc7587b139e1.gif||alt="Shape24"]] [[image:Investments Payable_html_6b76c8f5b45e27e4.png||height="291" width="646"]]
	110	+You must (% style="color:#2980b9" %)**NOT**(%%) change the Accounting Date, as the system uses this to match against the accrual entries. Only change the Effective Date to match the payment date, but the Accounting Date must be retained.
111	111
112	112
113	113
114		-[[image:Investments Payable_html_857ba1e075348553.png||height="13" width="656"]] //Mandated Policy Selection//
	114	+(% style="text-align:center" %)
	115	+[[image:1632395915114-691.png]]
115	115
116	116
117		-Select the relevant Investment Product for the appropriate Accounting Date.
	118	+Press the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) buttons.
	119	+
118	118
119		-[[image:Investments Payable_html_bee4440b401bd54.gif||alt="Shape31"]] [[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape29"]] [[image:Investments Payable_html_1228199a2f4f07fd.gif||alt="Shape30"]] [[image:Investments Payable_html_2848390bcfa11a60.png||height="196" width="491"]]
	121	+(% style="color:#2980b9" %)**Report** (%%)A communication document is generated reflecting the transaction.
120	120
	123	+This amount is entered into the Payment Management System for transfer via the electronic banking system.
121	121
122		-Press the “**Edit**” button. For monthly-unitised funds, ensure that the Effective Date is changed to be that of the Accounting Date. Only schemes that are unitised daily will have the Effective Date being the Actual Date.
123	123
124		-**Important Note**
125	125
126		-You must **NOT** change the Accounting Date, as the system uses this to match against the accrual entries. Only change the Effective Date to match the payment date, but the Accounting Date must be retained.
	127	+(% style="text-align:center" %)
	128	+[[image:1632396003835-872.png]]
127	127
128		-Change the amount to be transferred, if necessary – **NB!** If the amount is changed it will ratio the amount across any employers that were included in the amount pre-populated by Everest. To invest for specific clients rather use the **“Investments Payable – Client”** option.
129	129
130	130
131		-[[image:Investments Payable_html_35ee5faacb7c6cd5.gif||alt="Shape32"]]
	132	+(% style="text-align: center;" %)
	133	+== (% style="color:#2980b9" %)**Mandated Policy Selection**(%%) ==
132	132
133		-[[image:Investments Payable_html_95ffd85ad9447f42.png||height="205" width="570"]]
134	134
135		-Press the “**Save**” and “**Execute**” buttons.
	136	+Select the relevant Investment Product for the appropriate (% style="color:#2980b9" %)Accounting Date(%%).
136	136
137	137
	139	+(% style="text-align:center" %)
	140	+[[image:1632396200529-298.png]]
138	138
139		-**Report** A communication document is generated reflecting the transaction. This amount is entered into the Payment Management System for transfer via the electronic banking system.
140	140
141		-[[image:Investments Payable_html_e9d11bff45339b0d.gif||alt="Shape39"]] [[image:Investments Payable_html_bbfb83089e1b9651.gif||alt="Shape38"]] [[image:Investments Payable_html_bbfb83089e1b9651.gif||alt="Shape37"]] [[image:Investments Payable_html_3dfb2efe618199ff.gif||alt="Shape36"]] [[image:Investments Payable_html_d6665470f5bfc033.gif||alt="Shape33"]] [[image:Investments Payable_html_3f563b26e6da93ac.gif||alt="Shape35"]] [[image:Investments Payable_html_3f563b26e6da93ac.gif||alt="Shape34"]] [[image:Investments Payable_html_f57f6c008c24ecf6.png||height="118" width="621"]]
	143	+Press the (% style="color:#2980b9" %)“**Edit**”(%%) button. For monthly-unitised funds, ensure that the Effective Date is changed to be that of the Accounting Date.
142	142
143		-{{id name="_Hlk80100255"/}}\\
	145	+Only schemes that are unitised daily will have the Effective Date being the Actual Date.
144	144
	147	+
	148	+(% style="color:#2980b9" %)**Important Note**
	149	+
	150	+You must (% style="color:#2980b9" %)**NOT**(%%) change the Accounting Date, as the system uses this to match against the accrual entries. Only change the Effective Date to match the payment date, but the Accounting Date must be retained.
	151	+
	152	+
	153	+Change the amount to be transferred, if necessary – (% style="color:#2980b9" %)**NB!**
	154	+
	155	+If the amount is changed it will ratio the amount across any employers that were included in the amount pre-populated by Everest. To invest for specific clients rather use the (% style="color:#2980b9" %)**“Investments Payable – Client”** (%%)option.
	156	+
	157	+
	158	+
	159	+(% style="text-align:center" %)
	160	+[[image:1632396300973-125.png]]
	161	+
	162	+
	163	+Press the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) buttons.
	164	+
	165	+
	166	+(% style="color:#2980b9" %)**Report**(%%) A communication document is generated reflecting the transaction. This amount is entered into the Payment Management System for transfer via the electronic banking system.
	167	+
	168	+
	169	+(% style="text-align:center" %)
	170	+[[image:1632396456014-872.png]]
	171	+
	172	+
	173	+
	174	+
	175	+(% style="text-align: center;" %)
	176	+== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
	177	+
	178	+
	179	+
	180	+(% style="color:#2980b9" %)**DISCLAIMER**
	181	+
	182	+Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
	183	+
	184	+In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
	185	+
	186	+EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
	187	+
	188	+Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
	189	+
	190	+
	191	+
	192	+(% style="color:#2980b9" %)**COPYRIGHT**
	193	+
	194	+This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
	195	+
	196	+EBSphere (Pty) Limited
	197	+
	198	+P.O. Box 785803
	199	+
	200	+Sandton
	201	+
	202	+2146
	203	+
	204	+
	205	+
	206	+(% style="text-align:center" %)
	207	+[[image:Investments Payable_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]

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