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 ...
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 ...
Deposit Process Fields These fields are created on all maturity / interest action combinations. These fields are created when either the Create Certificates or Create Maturity Notices processes are run: Field Explanation [ACC_BAL1_AFT_INT] Balance of ...
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 ...
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 ...