Account Summary & Statement Data Rules

Account Summary & Statement Data Rules

Concept

There are standard account statement and summary reports that are produced from Argos Vault. The transactions displayed on the reports is subject to the below rules, as well as the report parameters entered.

Transaction Selection

Grouped Transactions

Grouped transactions do not appear on account summaries.

Grouped transactions do not appear on account statements, if their statement number is the same. Where the transactions have different statement numbers assigned to them, they will appear on those statements.

Statement Transactions

The Create Statement process assigns the transactions to the statement based on the following criteria:
  1. There is no statement number assigned to the transaction
  2. The transaction is not grouped
  3. The transaction input date is on or prior to the due date entered on the create account statement dialog

Next Payment Date and Amount

Variable Loan

When Print Variable Loan statement is run, the next payment date and amount will be populated according to the first match in the descending sequence as below
  1. Direct Debit Next date and amount
  2. Direct Debit Standard date and amount
  3. Next Instalment date and amount
  4. Interest next date (Only where interest action is Trf Account) and projected interest amount
  5. Maturity date and projected maturity balance
  6. No Maturity date entered will result in the account balance showing as the next payment amount, and no date entry

Fixed Loan

When Print Fixed Loan statements is run, the next payment date and amount will be populated according to the first match in the descending sequence as below
  1. Direct Debit Next date and amount
  2. Direct Debit Standard date and amount
  3. Next Instalment date and amount

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