Processes
Deposit Early Maturity
Purpose To allow a Deposit to be matured prior to its natural Maturity Date A fee or clawback of interest may be charged when this process is run The only Maturity Action available is payment Access Deposit | Access Deposit Accounts | | Process There ...
Maturity Action
Purpose Allows the processing of a Maturing Deposit based on instructions provided by the investor. Access Deposit | Access Deposit Accounts | Process Click on the Maturity Action drop down list and choose one of the following options: Direct Credit ...
Transferring a Deposit from one client to another
Purpose This happens when the Finance Company gets a Registered Transfer of Deposit Form, and needs to mature the investment as at the date of transfer, and set up a new account for the remainder of the term. The interest up to the date of transfer ...
Post Deposit Maturity Instructions
Purpose To follow the rules set on a Deposit Account that is due to Mature on the date this process is run for Maturity will post as well as interest Deposits and interest to Maturity date may be reinvested, paid out or transferred to another account ...
Create and Print Next Interest Communications
Purpose This process enables users to Create and/or Print Communications advising clients of their Interest Due to be paid to them on the next interest posting date Access Deposit | Create & Print Next Interest Communications Process Field ...
Create & Print Maturity Notices
Purpose Allows the creation of advices to be sent to clients informing them of the Maturity Details for specified date range This is a business process that should be performed on a regular basis (usually daily) Access Deposit | Create & Print ...
Create and Print Debenture Certificates
Purpose Allow the creation and printing of a certificate confirming investment details with a client. Certificates will only be created if the Deposit Account has the flag “Print Certificates” set to Yes Access Deposit | Create & Print Certificates ...