Certificate Product Configuration -
Payment / Transfer Codes (1)

Screen ID: 

Screen Title: 

Panel Number:

USCD-06

Certificate of Deposit Maintenance

3953

images\3953g_shg.gif
Click here to magnify

 

This screen appears when you choose Payment/Transfer Codes on the initial Certificate Product Configuration screen.

This is the first of two screens used to set up the dividend payment frequency codes that are attached to CD Applications. Enter a one-character alphabetic code and use Enter to proceed to the next screen.

The most common codes are as follows:

  •  M Monthly

  •  Q Quarterly

  •  A Annually

  •  S Semi-Annually (6 months)

CU*BASE will also support an “R” code for Redemption (meaning dividends are paid only upon redemption), but the term should generally be short, no longer than 24 months. (Any longer would cause the dividends to accrue at an unreasonably high amount.)