Investment Interest Rate Adjustment
Overview of IL250
The Investment Interest Rate Adjustment process searches for investments with an adjustment rate that matches the base date, and updates interest rates based on the setup of the investment type and rate. The report output displays information including the investor's name and address, the investment number, current balance, old and new interest rates, old and new penalty rates, and the investment's purchase date. To generate the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Investments
- Double-click Reports
- Double-click 250 Investment Interest Rate Adjustment. The parameter screen will launch:
You have the following options on this screen:
| Field | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Base date | Enter the base date for the report. You can type the date in mm/dd/yyyy format or click the calendar icon to select the date | ||||||||
| Investment type | Enter the investment type code(s) or click the list icon to select from a list of active investment types in the system | ||||||||
| Statement mode | Click the drop down arrow to indicate if/when statements should be generated. Your options are: never, always, when rates are updated or when rates differ | ||||||||
| Adjustment mode | Click the drop down arrow to select the adjustment mode you wish to use. Your options are: all notes, notes meeting minimum balance or notes below minimum balance | ||||||||
| Update investments | If selected, the investment records will be updated with the new rates | ||||||||
| Accrue interest | If selected, the system will accrue interest on the investments | ||||||||
| Skip adjustment until | If selected, a date field will appear that will allow you to skip the adjustment until the date selected. Type the date in a mm/dd/yyyy format or click the calendar icon to select the date | ||||||||
| Merge method | Click the list icon to select the method desired to create the notices. Your options are:
|
Merge Form Selection Rules
Based on Investment Form Code Selection
Print Options
After clicking the Print Options button you will see the following options. Choose the desired options and click OK to return to the report parameters screen.
| Option | Description |
|---|---|
| Printer | Click the drop down arrow to select from a list of available printers. DDI Connect uses your default printer unless told otherwise |
| Format | Click the drop down arrow to select from a list of available formats. Select paper size, number of columns, and number of rows for printing. Each report has built-in format defaults. Select “Use Defaults” to use the built-in report defaults. The number of rows and columns controls the print size and amount of information per page |
| Memo | If you wish, you can add a memo to the output of the report. NOTE: It is recommended that Word documents be saved with the .docx extension |
| View Report | This option generates a pdf file that is displayed on the screen when the report is generated |
| Archive Report | If this option is selected, the system will archive the report in the DDI Connect report archives. For information on working with archived reports, please reference this page: Archived Report Viewer |
| Print Report | If selected, the system will generate the report output to your default printer. NOTE: You will also receive a pdf version of the report, displayed on your screen |
| Print via PDF | Prints directly to your printer. |
| This option allows you to send a .pdf attachment of the report to the indicated users' email addresses. When OK is clicked, a dialog box will open requesting a recipient | |
| Duplex/Top | Prints the report on both sides of the paper in landscape style. The printer must be capable of printing on both sides or an error will occur |
| Duplex/Side | Prints the report on both sides of the paper in portrait style. The printer must be capable of printing on both sides or an error will occur |
| Green bar | Adds shaded, horizontal bars to the report, making it easier to read across columns |
| No dialog | Selecting this option means that no ‘Report Completed’ dialog will display after the report has been generated |
| Extra copies | If you want extra copies of the report generated, type the number in this field |
Click Start. The system will generate the report based on the parameters entered, and display a summary of the results. Click below to view the report.
If you opted to create statements, you will have to merge the batch. Click below to view a sample Interest Rate Adjustment Notice.
Security Function
Users must pass the security function listed below in order to run this report.
INVOPER
