Update Flex Plus Notes
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Overview of IL286
Flex plus notes are a type of investment offering where the interest rate fluctuates based on the weighted average on loans and lines of credit minus basis points identified at the investment type and rate level. The flex plus notes are updated periodically and notices are sent via traditional mail or email based on electronic correspondence preferences listed on the tax reporting constituent. To run the update:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Investments
- Double-click Reports
- Double-click 286 Update Flex Plus Notes. The parameters screen will launch:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Statement mode | Click the drop down arrow to indicate the statement method you wish to use. Your options are Never, Always, or Only when updated |
| Types to exclude | Example |
| Update | Example |
| Merge Method | Example |
