Online CEF Settings
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Contents
Overview of IL01WEB
The Online CEF Settings screen allows you to configure settings such as interest frequency codes, funding methods, and emails. To access the screen:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Online-CEF
- Double-click Online-CEF Settings. You will see this screen:
Base Settings Tab
The first tab that you see is the Base Settings tab. On this screen, you have the following options:
| Field | Description |
|---|---|
| Interest Frequency Codes | This option specifies which interest payment frequency codes can be selected by the investor when purchasing a new investment. You can select all or just certain codes. |
| Investment Funding Methods | Specifies which funding methods (check, EFT, credit card) the investor may choose when purchasing a new investment |
| Issuance Method | Select “Send note”, “Book entry”, or “Safekeep note”. Online-CEF does not present this option to the online investor, but uses the setting when creating the investment following approval |
| Premium Method | Select one of the client defined premium methods. Online-CEF does not present this option to the online investor, but uses the setting when creating the investment following approval. The premium method is set up within Codes Maintenance. For information on setting these calculation methods, please reference this page: Investment Premium Calculation Method |
| Allowable purchase amounts/thru | Specifies the smallest and largest amounts that may be used to fund a new investment. Note that the minimum amount is also affected by the investment offering selected by the investor |
| Privacy policy | Select the privacy policy document that is to be presented to Online-CEF users. (At least one privacy policy must have been defined and uploaded via Web Document Maintenance.) For information on uploading a privacy policy, please reference this page: Web Document Maintenance |
| Electronic Signature Agreement | Select the electronic signature agreement document that is to be presented to Online-CEF users. (At least one electronic signature agreement must have been defined and uploaded via Web Document Maintenance.) For information on uploading an electronic signature agreement, please reference this page: Web Document Maintenance |
| Show investor and borrower account descriptions | Select this option to show investor and borrower account descriptions |
| Hide IRA investor accounts | Select this option to hide IRA investor accounts |
Investment Purchase Tab
When you click the Investment Purchase tab, you will see this screen:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Enabled Features/Investment Purchases | If this option is selected, the Online-CEF product will allow investors to purchase new investments via the web |
| Require investment deposits to be at least X days in the future. | If the Investment Purchase option is selected, enter in the number days in the future deposits should be, at least |
| Enable investment interest transfer options | If the Investment Purchase option is selected, check this box if you would like to enable interest transfer options |
| Enabled Features/ Investment Deposits: One Time and Recurring (Additional Investments: One Time and Recurring) | If this option is selected, the Online-CEF product will allow one time and recurring deposits |
| Recurring Deposit Frequencies (Recurring Investment Frequencies) | If Investment Deposits is enabled, you have the ability to select the frequencies allowed. For example, if your organization wishes to limit the options to monthly, quarterly, etc., select those options |
| Recurring Deposit Dates (Recurring Investment Dates) | If you wish to restrict the days of the month that investors can select as their deposit dates, you can do so here. Select either All Dates or select just those days of the month that you wish to process investment deposits |
| Additional investments terminology dropdown | Select the terminology you would like to use. Your options are Deposit and Investment. |
| Enabled Features/Allow updating of interest compounding and payment selections | Check this box if you would like to allow updates for interest compounding and payment selections |
| Enabled Features/Allow investment balance transfers | Check this box if you would like to allow invest balance transfers |
Investment Withdrawals Tab
When you click the Investment Withdrawals tab, you will see this screen:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Enabled Features/Investment withdrawals by check | If this option is selected, the Online-CEF product will allow investors to select investment withdrawals by check |
| Enabled Features/Investment withdrawals by EFT | If this option is selected, the Online-CEF product will allow investors to select investment withdrawals by EFT |
| User can specify new EFT account information for withdrawal | If the Investment withdrawals by EFT option is selected, check this box if you would like investors to be able to add a new EFT account for withdrawal |
| Investment withdrawals can be post-dated up to X days | If Investment withdrawals are enabled, enter how many days the withdrawal request can be post-dated |
| Prompt for withdrawal reason | If Investment withdrawals are enabled, select withdrawal prompt options |
| Early withdrawal penalty mode | If Investment withdrawals are enabled, select withdrawal penalty mode |
| Enabled Features/Investment Withdrawal Frequencies | If investment withdrawals are enabled, you have the ability to select the frequencies allowed. For example, if your organization wishes to limit the options to monthly, quarterly, etc., select those options |
Loan Payments Tab
When you click the Investment Withdrawals tab, you will see this screen:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Enabled Features/One-time loan payments | If this option is selected, the Online-CEF product will allow one-time loan payments |
| Apply approved loan payments | If one-time loan payments are enabled, select the apply approved loan payments setting |
| Loan payment restrictions | If loan payments are enabled, select loan payment restrictions setting |
| Loan payment calculation method | If loan payments are enabled, select loan payment calculation method setting |
| Require loan payments to be at least X days in the future | If loan payments are enabled, enter the number of days loan payments should be required in the future |
| User can specify new EFT account information for withdrawal | If the Investment withdrawals by EFT option is selected, check this box if you would like investors to be able to add a new EFT account for withdrawal |
| Investment withdrawals can be post-dated up to X days | If Investment withdrawals are enabled, enter how many days the withdrawal request can be post-dated |
| Prompt for withdrawal reason | If Investment withdrawals are enabled, select withdrawal prompt options |
| Early withdrawal penalty mode | If Investment withdrawals are enabled, select withdrawal penalty mode |
| Enabled Features/Investment Withdrawal Frequencies | If investment withdrawals are enabled, you have the ability to select the frequencies allowed. For example, if your organization wishes to limit the options to monthly, quarterly, etc., select those options |
| NOTE--Recurring loan payments | This is a disabled feature, not currently available. |
Loan Disbursements Tab
When you click the Investment Withdrawals tab, you will see this screen:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Enabled Features/Loan advances | If this option is selected, the Online-CEF product will allow loan advances |
| Enabled Features/Loan withdrawals | IIf this option is selected, the Online-CEF product will allow loan withdrawals |
| Allow loan disbursements to be post-dated X days | If loan disbursements are enabled, enter the number of days disbursements can be post-dated |
| Loan payee restrictions | Select the loan payee restriction options |
| Enabled Features/Allow payment to borrower by check | If this option is selected, the Online-FEF product will allow payment to borrower by check |
| Enabled Features/Allow payment to borrower by EFT | If this option is selected, the Online-FEF product will allow payment to borrower by check |
| User can specify new EFT account information when paying to borrower | If the borrower pay by EFT option is selected, check this box if you would like borrowers to be able to add a new EFT account for payments |
Profile Options Tab
The Profile Options tab allows you to determine what Profile Options are displayed in the Online-CEF product. When you click the Profile Options tab, you will see this screen:
You have the following options on this screen:
| Field | Description |
|---|---|
| Enabled Features/Show Profile Screen | If this option is selected, the Online-CEF product will allow |
| Display selections"' | If Show Profile Screen is checked, select the display selections |
Emails Tab
The Emails tab allows you to edit the email text, subject and "From" address for various emails sent from Online-CEF to online users. Use the Email type drop-down box to select the type of email to be updated. You have the following options on this screen:
| Field | Description |
|---|---|
| Email type | If more than one type of email has been configured for your organization, you can click the drop down arrow on this field to select the email type that you wish to modify |
| From address | The address used as the “From” Address in the email’s header |
| BCC | If applicable, the address that you wish to have blind carbon copied for this email type |
| Subject | The email's subject line |
| Body | The body of the text. The email body can contain HTML tags. The following fields are substituted with actual values as the email is sent:
|
When you have finished making your changes, click Save.
