You are here:  TSM SmartClient Menu Options > Transactions> Transfers > Source Level Transfer
_______________________________________________________________________________________________________

Source Level Transfer

The Source Level Transfer option is used when you need to transfer all assets in one source of money to another source. Examples of this could occur when the incorrect source was setup or all contributions to that source were incorrectly made.

How to access the Source Level Transfer screen

Click the Transactions menu, point to Transfers and then select Source Level Transfer. The Source Level Transfer screen appears.

 

How to perform a Source Level Transfer

The following should be used when you want to transfer all assets of a source to a different source in the Plan.

1.       Choose the Plan.

2.       Select or enter the participant, OR click the All Plan Participants checkbox. In most instances, you are choosing this transaction for all participants.

3.       Enter the Effective Date to be the current business date.

4.       Enter the Statement Date to be the business day after the current business date.

5.       Enter the Valuation Date and Unit Date to be the previous business date.

6.       Choose the From Source drop down and select the source of money you are moving from.

7.       Choose the To Source drop down and select the source you want to move the proceeds to.

8.       Click the Detail Report checkbox to create a report of all transfers for all participants that the source level transfer affects. You will see this report in the Job Queues.

9.       Click the Process button. This creates transfer in and transfer out transactions that automatically post. There is no further process needed as the transactions will not be traded.

 

Explanation of fields

If a field is not mentioned below, it is not currently used.

Field Name	Field Description	Required/ Optional
All Plan Participants	Check this box to make the transfer effective for all participants in the Plan selected	Optional
Effective	The date the sources will be moved. In most instances, that is the current business date.	Required
Statement Date	The date the source moves are complete.	Required
Valuation Date	The valuation date for the sources. In most instances, that is the previous business date.	Required
Unit Date	The valuation date for the sources. In most instances, that is the previous business date.	Required
From Source	The source that money will be transferred from.	Required
To Fund	The source the money will be transferred to.	Required
Detail Report	This creates a report of the details of the source transfer, which will be located in the Job Queues.	Optional
Process	Click this button when you are ready to complete the source transfer.	Required