Adjusting Member Loans Secured by Stock
Screen ID: | PSTKN-01 | ![]() |
Screen Title: | Process Stock Option Disbursement Change | |
Panel ID: | 1431 | |
Tool Number: | 828 | |
Report Name: | PSTKLN | Click here to magnify |
Note: This is an OPER screen.
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.