Difference between revisions of "Investment Flex Plus Maintenance"
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+ | To add a flex plus rate, click the Add button on the toolbar. The fields will now activate for editing: | ||
+ | |||
+ | [[File:Investment Flex Plus 2.png]] | ||
+ | |||
+ | |||
+ | You have the following fields available: | ||
+ | |||
+ | |||
+ | {| class="wikitable" | ||
+ | |- | ||
+ | ! '''Field''' !! '''Description''' | ||
+ | |- | ||
+ | | '''Inv Type''' || Type the code for the investment type that you are configuring the rate for, or click the list icon to select from a list of active [[Investment Type and Rate Maintenance|investment types]] in the system | ||
+ | |- | ||
+ | | '''Additional Rate''' || Modifier (in percent), which increases or reduces the base rate. Accepts a positive or negative decimal value | ||
+ | |- | ||
+ | | '''Base Rate''' || The base rate to which the additional rate will be applied. The base rate is configured within [[Investment System Settings]]. This field is display only | ||
+ | |- | ||
+ | | '''Effective Rate''' || The sum of the base rate +/- Additional Rate. This field is display only | ||
+ | |} | ||
+ | |||
+ | |||
+ | When you have entered the necessary information, click Save to retain your changes. | ||
[[Category:Investments]] | [[Category:Investments]] |
Latest revision as of 14:16, 26 March 2012
Overview of IL284
Flex plus rating is an optional method of determining the applicable interest rate for a certain investment type. In this respect, it’s similar to tiered rates and tiered age rates. Flex plus rates use a base rate defined in Investment Setup and apply a positive or negative modifier to determine the applicable rate for an investment type. To modify the Flex Plus Rates:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Investments
- Double-click Setup
- Double-click Investment Flex Plus Maintenance. You will see a screen similar to this one:
To add a flex plus rate, click the Add button on the toolbar. The fields will now activate for editing:
You have the following fields available:
Field | Description |
---|---|
Inv Type | Type the code for the investment type that you are configuring the rate for, or click the list icon to select from a list of active investment types in the system |
Additional Rate | Modifier (in percent), which increases or reduces the base rate. Accepts a positive or negative decimal value |
Base Rate | The base rate to which the additional rate will be applied. The base rate is configured within Investment System Settings. This field is display only |
Effective Rate | The sum of the base rate +/- Additional Rate. This field is display only |
When you have entered the necessary information, click Save to retain your changes.