Investment Flex Plus Maintenance

Overview of IL284

Flex plus rating is an optional method of determining the applicable interest rate for a certain investment type. In this respect, it’s similar to tiered rates and tiered age rates. Flex plus rates use a base rate defined in Investment Setup and apply a positive or negative modifier to determine the applicable rate for an investment type. To modify the Flex Plus Rates:

• From the DDI Connect main menu, double-click Financial Services
• Double-click Investments
• Double-click Setup
• Double-click Investment Flex Plus Maintenance. You will see a screen similar to this one:

To add a flex plus rate, click the Add button on the toolbar. The fields will now activate for editing:

You have the following fields available:

Field	Description
Inv Type	Type the code for the investment type that you are configuring the rate for, or click the list icon to select from a list of active investment types in the system
Additional Rate	Modifier (in percent), which increases or reduces the base rate. Accepts a positive or negative decimal value
Base Rate	The base rate to which the additional rate will be applied. The base rate is configured within Investment System Settings. This field is display only
Effective Rate	The sum of the base rate +/- Additional Rate. This field is display only

When you have entered the necessary information, click Save to retain your changes.