Adjusting Member Loans Secured by Stock

Report Name:

PSTKLN

 

BE CAREFUL: Currently this tool runs the job after employee security is entered, without any other screen display.

When Tool #828: Stock/LOC Disb Value Adjustment is used, CU*BASE will update specially-flagged member line-of-credit accounts with new disbursement limits and new Amt Pledged To Loan amounts on the stock collateral record(s), using the values from the stock code configuration.

SEE ALSO: Using Stock as Collateral for LOC Loans

A Stock Option Disbursement Limit Calculation report (PSTKLN) will be generated listing all the LOCs affected and identifying any that now have a balance greater than the new disbursement value.