Purchasing an Investment

Purchasing a New Investment via Cash Processing (IL200PURCH)

Within DDI-Connect, investment purchases should be done via the Cash Processing screens. Investments should not be added to the system until the funds have been received, as you do not have the ability to delete investments from the system.

NOTE: There is an Investment Add screen beneath the Investment Transactions menu. That screen is used to add investments for transfers and reregistration and other processes that will involve moving funds from one investment to another. It should NOT be used to purchase new investments.

To purchase an investment:

• Add the investment funds to Cash Receipts Stage 1. For information on how to use Stage 1 processing, please reference this page: Cash Receipts Stage 1

• After you have entered the funds in Stage 1, double-click the Financial Services item on the DDI Connect main menu

• Double-click Data Processing

• Double-click Payment Processing. You will see a screen similar to this one:

• Make sure that you have clicked on the batch containing the investment funds. They will display in the Detail area of the screen

• Double-click the check. This will activate the transaction menu:

• Double-click Investment Transactions. You will now see the Investment submenu:

• Double-click Investment Purchase. You will now see this screen:

• Click the New icon to the right of the Inv # field to create a new investment

• The Account field is now activated. You can type in the account number for the investor, or you can click the search icon to locate the account. If this is a new account, you can click the New Account icon. For information on how to add an account, reference this page: Account Entry

• Once the account is selected, the rest of the fields are available for entry:

Settings Tab

Field	Description
Inv Type	If you know the investment type number, you can type it in this field. Otherwise, click the list icon to the right of the field to select from a list of active investment types in the system. If you need to add a new investment type, please reference this page: Investment Type and Rate Maintenance
Original maturity date	This field will automatically populate, based on the type of investment you select. You should not change this date
Rate	This field will automatically populate based on the type of investment you select
General ledger	This field will automatically populate based on the type of investment you selected. You can override this selection by either typing the new GL number or clicking the list icon to the right of the field and selecting from a list of active GL numbers in the system
Maturity extension months	This field will automatically populate, based on the type of investment you selected
Purchase date	The system will automatically populate this field with the business date. If you opt to change it, review the original maturity date to ensure that it is correct
Currency	If your organization accepts other types of currency, you can click the drop down list to select from a list of currencies set up in the system. For information on how to add additional currency types, please reference this page: Currency Setup. This field defaults to 0 - United States
Serves as collateral	If this investment serves as collateral for a loan, check this box
Original amount	Enter the amount of the investment. This field does not automatically populate with the amount from the funds being processed, as you could be adding multiple investments from a single payment source

Review the information on the screen. If it appears to be correct, you can click the Payments tab to continue:

Payments Tab

You have the following options on this screen:

Field	Description
Payment code	Select the payment code that is applicable for the method that interest will be paid on this investment*
Renew pay code	If the investment is renewable, you will have the option to select the interest payment method for the renewal
Alt payee PIN	This field will only activate if the payment code you selected indicates an alternate payee. Enter the alternate payee PIN or click the search icon to search for and select the alternate payee
ABA#	Enter the ABA (bank routing) number for the alternate payee, if applicable
Bank account	Enter the bank account number for the alternate payee, if applicable

• If you selected a payment code that indicates multiple alternate payee, click the Multiple button on the toolbar. This will launch the Interest Payee Assignment screen.

When you have finished entering the information, click the Methods tab.

Methods Tab

You have the following fields available to you on this screen:

Field	Description
Interest computation	Click the drop down arrow to select the method of interest computation for this investment
Issuance method	Click the drop down arrow to select the issuance method for this investment
Premium method	Click the drop down arrow to select the investment premium method
Redemption method	If applicable, click the drop down arrow to select the investment redemption method

When you have made your selections, click the Support tab.

Support Tab

You have the following fields available on this screen:

Field	Description
LSP loan #	Enter the loan number that this investment supports. You can also click the list icon to view a list of loans in the system or click the binoculars to search for the loan
LSP consent	If LSP consent has been received, click this box
Line #	If this investment is supporting a line of credit, enter the line # or click the list icon to select from a list of lines of credit
Pool #	If this investment supports a loan pool, enter the pool # or click the list icon to select from a list of loan pools in the system

When you have finished entering the information, click the ACH tab.

ACH Tab

You have the following fields available on this screen:

Field	Description
Deposit frequency	Click the drop down arrow to select from a list of deposit frequencies for this investment
Next deposit date	Enter the next deposit date. After the first entry, the system will calculate the next deposit date, based on the deposit frequency
Deposit amount	Enter the amount to be deposited
Deposit ABA #	Enter the ABA (bank routing) number for the account
Deposit bank account	Enter the bank account number
Account type	Click the drop down arrow to select either Checking or Savings

Review the screen to verify that all of the information is correct. If it is, click Save. If everything processes properly, you will see the message "Investment successfully created". Click OK.