Batch Processing Sequence

Endowment processing is a general term for a sequence of 'batch' processes that are run on a daily basis (with exceptions–see the list below for two processes that are run only at month end). Each day's batch includes all endowment transactions that have been approved during the day. The processes in the sequence include:

• Import Gift Transactions

• Post E-Docs

• Generate Ticklers

• Update Market Value in Holding History Records

• Create Pooled Fund Distribution Transactions

• Create Accrual Transactions

• Calculate Daily Accruals

• Create Recurring Cash Transfer Transactions

• Create Fee Transactions

• Create Automated Cash Investment Transactions

• Roll Frequency Codes

• Create Cash Sweep Transactions

• Create Pooled Fund Control Transactions

• Update Available Cash Records

• Update Market Value in Holding History Records

• Update Current Tax Lot Balance Records

• Update Corpus Records

• Update History Cash (run at month-end only)

• Update Holding History (run at month-end only)

• KEM to KFS General Ledger Interface

• Roll Process Date

exclaim On any given date, it is possible that no activity will be generated by one or more of the batch processes listed above. Nevertheless, because so many of these processes are date- or frequency-driven, your institution must run all of the processes (except as noted) with each processing cycle.

exclaim Additionally, your institution must run all processes every day of the week—including weekends and holidays—in order to accurately accrue, calculate, and update the income earned by the securities held by your institution's KEMIDs.

Transactions are processed based on the parameters that your institution has set up. For more information about the parameters, see Parameter

As shown below, some processes must be run sequentially while others may be run in parallel with each other.

As indicated in the diagram above, a few batch processes must be developed and provided by your institution. Such batch processes are not covered in this section. Instead, the following subsections provide an overview of each process delivered with the standard KFS.