Update Flex Plus Notes
Contents
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. The report output displays information such as the investor name and address, investment number, current balance, old interest rate and new interest rate. 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 | If you wish to exclude one or more investment types, you can do so here. Type the code or codes, separated by commas, or click the list icon to select from a list of active investment types in the system | ||||||||
| Update | If selected, the system will update the qualifying investments. If not, the process will run in preview mode | ||||||||
| Merge Method | Click the list icon to select the method desired to create the notices. Your options are:
|
Mailmerge Fields
This report generates mailmerge data (max 50) and has the potential to include the following fields.
| Name | Description |
|---|---|
| Registration | |
| Investment | |
| Address1 | |
| Address2 | |
| Address3 | |
| Address4 | |
| Address5 | |
| Address6 | |
| Address7 | |
| PurchaseDate | |
| MaturityDate | |
| Balance | |
| Rate | |
| PenaltyRate | |
| NewRate | |
| NewPenaltyRate | |
| Counter | |
| CurrentDate | |
| NoteName |
Merge Form Selection Rules
| Form | Description |
|---|---|
| VRFP |
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 you selected, and display the results. Click below to view a sample of this report.
If you elected to create statements, you will now have to merge the documents. Click below to view a sample of the Update Notices.
Security Function
Users must pass the security function listed below in order to run this report.
INVFLEXUPD
