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author's profile photo Former Member
Former Member

Asset Redistribution using ABUMN

Hello all,

I have a situation where I need to do an intra-company transfer of one asset in to 4 assets using ABUMN. I need to be able to give percentage and distribute the sending/source asset to four receiving assets in one transaction. I am trying to use the Multiple Assets option of ABUMN.

Now there must be a trick in using this transaction as it does not like what I am doing. It has a table at the bottom of the screen where you can supposedly put multiple assets. On the right (To Asset column), I can put multiple receiving assets. However, on the left (From asset), if I put the from asset in all the lines, the system complains saying that the asset that needs to be transferred is already being used by the transaction. If I do not put any thing in lines 2-4 on the From asset side, it says that it cannot find asset #0.

My goal as stated above is to have an asset split in to four assets. I need to be able to do without the $s being specified and only a percentage.

Any help would be appreciated.

Thank you

Sri

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 17, 2008 at 12:30 PM

    One more thing is that I don't necessarily need to use ABUMN as I can see that it does not let me give %s in the multiple assets tab. Thank you.

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    • Former Member

      Hi

      I think best way forward would be to do partial transfer of the main asset to individual asset, one by one rather than multiple asset.

      This way you after the end of all four partial transfer you will have the main asset transferred to individual asset per percentage require.

      Hope this help !

      SA

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