Adding an Investment

Adding a New Investment to the DDI Connect System(IL210)

There are certain situations in which you will need to add a new investment without purchasing one using the Cash Processing procedure. For example, if you have an investor whose investment is maturing and they want to reinvest, you would add a new investment and use the transfer and payout screen.

NOTE: This screen should NOT be used to purchase a new investment. New investment purchases should be processed via the Investment Purchase process. For information on how to perform that procedure, please reference this page: Purchasing an Investment

To add a new investment:

• From the DDI Connect main menu, double-click Financial Services

• Double-click Investments

• Double-click Transactions

• Double-click Investment Add. You will see this screen:

• The system will automatically assign the next available investment number

• Enter the account number for the investor. You can opt to type in the account number or click the search icon to the right of the field to locate the account. You can also add a new account from this screen by clicking the New Account icon. For information on how to add a new account to the system, please reference this page: Account Entry. When you have entered or found the account, press enter to continue.

Settings Tab

Add information to the following fields:

Field	Description
Inv Type	If you know the investment type number, you can type it in this field. Otherwise, click the list icon to the right of the field to select from a list of active investment types in the system. If you need to add a new investment type, please reference this page: Investment Type and Rate Maintenance
Original maturity date	This field will automatically populate, based on the type of investment you select. You should not change this date
Rate	This field will automatically populate based on the type of investment you select
General ledger	This field will automatically populate based on the type of investment you selected. You can override this selection by either typing the new GL number or clicking the list icon to the right of the field and selecting from a list of active GL numbers in the system
Maturity extension months	This field will automatically populate, based on the type of investment you selected
Purchase date	The system will automatically populate this field with the business date. If you opt to change it, review the original maturity date to ensure that it is correct
Currency	If your organization accepts other types of currency, you can click the drop down list to select from a list of currencies set up in the system. For information on how to add additional currency types, please reference this page: Currency Setup. This field defaults to 0 - United States
Serves as collateral	If this investment serves as collateral for a loan, check this box
Original amount	Enter the amount of the investment

Review the information on the screen. If it appears to be correct, you can click the Payments tab to continue:

Payments Tab

You have the following options on this screen:

Field	Description
Payment code	Select the payment code that is applicable for the method that interest will be paid on this investment*
Renew pay code	If the investment is renewable, you will have the option to select the interest payment method for the renewal
Alt payee PIN	This field will only activate if the payment code you selected indicates an alternate payee. Enter the alternate payee PIN or click the search icon to search for and select the alternate payee
ABA#	Enter the ABA (bank routing) number for the alternate payee, if applicable
Bank account	Enter the bank account number for the alternate payee, if applicable

• If you selected a payment code that indicates multiple alternate payee, click the Multiple button on the toolbar. This will launch the Interest Payee Assignment screen.

When you have finished entering the information, click the Methods tab.

Methods Tab