General
IFRS Deposits
Purpose The Deposit System will allow the spreading of brokerage over the life of each account. The realisation method used is Straight Line. The Unexpired Brokerage Report will detail how brokerage is spread. This report will show: Deposit open date ...
Original Deposit Amount
Purpose To allow the loading of the Original Deposit Amount so this may be tracked as a Deposit is reinvested Access from within a Deposit Account Dialog Details Details Specific Fields Field Explanation Original Deposit Amount Enter the amount of ...
Deposit Control Details
Purpose Provide control details for the month end roll, key setup parameters and allow file paths to be selected for custom reports Access Deposit | Edit/View Deposit Control Details Dialog Details Details Specific Fields Field Explanation Force all ...
Deposit Account Type Setup
Purpose To differentiate different types of Deposits Examples maybe: Secured Un-secured Access Account | Edit/View Account Types | | Process Field Explanation Transfer Trans-Maturity [F2] and here the system specified transaction type that is used to ...
Deposit Account Details
Purpose Deposit Accounts are investment accounts where a fixed rate of interest applies to the term of the investment. The Deposit is usually held for a fixed term of time, and matured after that period. Deposits may be reinvested or paid out at ...
Next Maturity Action
Purpose Allow the setup of the required details on a new deposit account created during the Post Maturity Instructions process when the Maturity Action has been set to reinvest Access Deposit | Access Deposit Account | | Prerequisite If the Maturity ...
Deposit Cost of Funds Rule
Concept When adding a new deposit, there are rules regarding the combination of Interest Profile, Override Rate and Commission Matrix. These rules are to ensure that the cost of funds to the business is no more than the rate of interest associated ...