Redeem (Payout) an Investment

How to Redeem an Investment (Investment Payout - IL200PAY)

To process an investment payout:

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

• Double-click Investments

• Double-click Transactions

• Double-click 200 Investment Payout. You will see this screen:

• In the Inv # field, type the investment number that you are redeeming. You can also click the list icon to the right of the field to display a list of all investments in the system, or click the binoculars to search for an investment. Click Find or press Enter to continue. The screen will now populate with the information:

• In the Interest Method field, select the option to handle the interest accumulated to date on the investment. Your choices are:
  • Ignore - this will tell the system to ignore all interest earned to date
  • Pay - this will include the accumulated interest in the payout total

• In the Payment method field, select the option for paying out the funds. Your choices are:
  • Daily Check - selecting this option will include the check with other checks when they are processed
  • Offline Check - select this option if you have processed the check outside the DDI Connect system
  • Wire - select this option if you are transferring the funds via a wire

If you elect to pay the interest, the Apply penalty field becomes active. Check the box if a penalty should be applied to the payout.

• Review the principal and taxable fields to ensure that the appropriate amounts are reflected. If they are, click Save.

The Enter check stub information screen appears. You can opt to enter information, or just click OK to continue. If the payout completes properly, you will see the message "Transaction successful".