Item | Type | Description |
|---|---|---|
Account | drop-down list | Select the account you are depositing the term investment into. |
Action | drop-down list | Select Redemption from the list. Note that the colour of the dialog will change, depending on the action selected. |
Amount | currency | If Dollars is selected as the amount type, enter the dollar amount. |
Amount Type | drop-down list | Select from the list. |
Authorization Code | text | Enter up to 8 characters representing an authorization for the redemption reason selected and/or the modification of a redemption rate greater than 0.0000%. Enabled when adding any term investment order where the associated investment product has a a network type of 'Alternate network'. |
Authorizing Operator | text | Operator code of the operator authorizing the redemption rate. Enabled when adding any term investment redemption order where the associated investment product has a network type of 'Alternate network'. |
Capital Gain/Loss Discussed | text | Indicates the advisor has discussed any potential capital gain or loss that may occur when the order is executed. |
Certificate # | numeric | Displays the certificate number of the selected investment. |
Close | button | Cancels all entries and closes dialog. |
Date & Time of Client Contact | date/time | Indicates the date and time of the advisors communication with the client. The field is separated into two fields, the date followed by a button to launch the standard date selection popup and then the time. |
EFT Account # | drop-down list | If EFT is selected in the Settlement Instructions list, select the EFT account number from the list. |
EST. Redemption Amt | display | The estimated withdrawal amount reported in the 'Estimated red/withdrawal amount' field returned from R•Wholesale Term in the 'get penalty rate' response message. Populated when the 'Waive fee/penalty' check box is selected (or unselected from previously being selected). |
Gross/Net | drop-down list | If Dollars was selected as the amount type, select either Gross or Net. |
IA Code | display only | Identifies the transaction advisor that placed the order. |
Rate Details | tab | Click to enter the interest rate of the term investment. You can also allow for single or multiple entries in the case of stepped rate transactions. For more information, see the Rate Details section. |
Investment | drop-down list | Select the investment from the list. |
Issuer Account # | drop-down list | If the client already holds a term investment for the same issuer, enter the account number of the issuing institution (bank, credit union, trust company, etc.). |
Recommended/Not Recommended | option buttons | If the order was recommended, click the Recommended option button. Otherwise, click the Not Recommended option button. |
Redemption Rate | display | For any term investment order where the associated investment product has a network type of 'Alternate network', this field populates with the 'Early payout penalty rate' defined for the associated rate schedule, unless modified by the 'Waive fee/penalty' field. |
Redemption Reason | drop-down list | Select from the list. |
Settlement account | drop-down list | Select the account from which you want to redeem the term investment. |
Settlement Instructions | drop-down list/button | Select settlement instructions for the full amount of the transaction (principle and interest). |
Taxes/Fees Discussed | text | Indicates the advisor has discussed any potential taxes or fees that may occur when the order is executed. |
Trade Date | text box | Enter the trade date of the transaction, or click the Calendar button to select a date. If the trade date is different than the issue date, the trade date can be adjusted at confirmation. |
Waive/Fee Penalty | check box | When selected, defaults the 'Redemption rate' field to 0.0000%, and sends a 'get penalty rate' message to the alternate network. The response from the alternate network will populate the 'Est. Redemption amt' field based on the order criteria. When unselected, defaults the 'Redemption rate' field to the 'Early payout penalty rate defined for the associated rate schedule for the term investment. If the field was previously selected, will resend a 'get penalty rate' message to the alternate network. The response from the alternate network will populate the 'Est. Redemption amt' field based on the order criteria. |