Investment System Settings

Overview of IL01IN

The Investment System Settings screen establishes certain default settings that are used throughout the Investment application. There are multiple tabs on this screen.

Base Settings Tab

On the base settings tab, you have the following options:

Field	Description
Notice Method	Example
Variable Rate Note Basis	Example
IRA Fee Method	Indicates whether or not the system should assess a fee for IRA deposits
Interest Payment Method	Indicates whether interest should be paid relative to the purchase date of the investment. Click the drop down arrow to select from a list of active interest payment methods in the system Note: The interest-payment period is set up for each individual investment type
Redemption Method	Example
Issuance Method	Example
Note Amount Format	Example
Note Rate Format	Example
Approve Notes	A check in this box indicates that an authorized user must review and approve new investment notes before the system will allow a change of business date
Print Countersignature	Example
Approve Checks	A check in this box indicates that an authorized user must review and approve new checks before the system will allow a change of business date
Pay in Purchase Month	Example
Approve Demand Deposits	A check in this box indicates that an authorized user must review and approve any additions to demand notes before the system will allow a change of business date
Allow Weekend Usage	Indicates if the business date can be changed to a weekend date, as well as whether maturity dates can fall on weekends
Detailed Investment Status	Selecting this option displays additional detail about the status of an investment. Converts a simple numeric code to additional descriptive information such as how an investment has acquired its present status (transferred, redeemed, re-registered, canceled, etc.)
Uses Renewal Logic	Example
IRA Details	Indicates whether the system needs to track additional IRS details for reporting purposes. The Internal Revenue Service requires additional information on the nature of a contribution (i.e., regular contribution, Roth IRA contribution, Roth IRA conversion, miscellaneous contribution) or distribution (i.e., early disbursement, disability disbursement, death disbursement, normal disbursement, Roth IRA in first five years). This additional layer of information is only required of IRA accounts
Accrue After Maturity	Indicates whether to allow interest to accrue after the investment has reached its current maturity date. Checking this box activates this feature when month-end investment interest accrual runs