Difference between revisions of "Portfolio Redemption/Sale Reversal"
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[[File:Redemption Sale Reversal 1.png]] | [[File:Redemption Sale Reversal 1.png]] | ||
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+ | In the Portfolio field, type the portfolio number that received the incorrect interest. Press enter or click Find on the toolbar. You can also click the list icon to select from a list of portfolios in the system or click the search icon to locate the portfolio using [[Name/Address Inquiry]]. Once you have located the portfolio, the screen will look like this: | ||
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+ | [[File:Redemption Sale Reversal 2.png]] | ||
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+ | The following fields are available on this screen: | ||
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+ | {| class="wikitable" | ||
+ | |- | ||
+ | ! '''Field''' !! '''Description''' | ||
+ | |- | ||
+ | | '''Reverse date''' || The date of the reversal transaction. Enter the date in mm/dd/yyyy format | ||
+ | |- | ||
+ | | '''Reverse units''' || Example | ||
+ | |- | ||
+ | | '''Reverse face amount''' || Example | ||
+ | |- | ||
+ | | '''Reverse interest sold''' || Example | ||
+ | |- | ||
+ | | '''+Premium/-Discount''' || Example | ||
+ | |- | ||
+ | | '''Reverse monthly amort''' || Example | ||
+ | |- | ||
+ | | '''Reverse +Gain/-Loss''' || Example | ||
+ | |- | ||
+ | | '''Check amount''' || Example | ||
+ | |- | ||
+ | | '''Type''' || Example | ||
+ | |} | ||
Revision as of 13:24, 5 September 2012
Overview of IL712
If a portfolio redemption or sale has been recorded in error, Portfolio Redemption/Sale Reversal enables your organization to easily counteract this. It issues a check or a wire to the master-account holder on the portfolio record. This application also enables you to customize the amounts reversed from various portfolio balances such as the face amount, interest, and premium or discount.
- From the DDI Connect main menu, double-click Financial Services
- Double-click Portfolio
- Double-click Transactions
- Double-click Portfolio Redemption/Sale Reversal. You will see this screen:
In the Portfolio field, type the portfolio number that received the incorrect interest. Press enter or click Find on the toolbar. You can also click the list icon to select from a list of portfolios in the system or click the search icon to locate the portfolio using Name/Address Inquiry. Once you have located the portfolio, the screen will look like this:
The following fields are available on this screen:
Field | Description |
---|---|
Reverse date | The date of the reversal transaction. Enter the date in mm/dd/yyyy format |
Reverse units | Example |
Reverse face amount | Example |
Reverse interest sold | Example |
+Premium/-Discount | Example |
Reverse monthly amort | Example |
Reverse +Gain/-Loss | Example |
Check amount | Example |
Type | Example |