2.4.1 Certificate of Deposit Amount Block

You can block the CD amount. A Certificate of Deposit can be blocked for certain amount due to different reasons like collateral to an overdraft, funds provider account during sweep transactions, and so on. Also, the Bank might receive request from any authorized external agencies to block the CD amount.

Note:

The fields marked as Required are mandatory.

To create amount block:

1. On the Home screen, from the Certificate of Deposit Services mega menu, under Certificate of Deposits and Maintenance, click Create Amount Block, or specify Create Amount Block in the search icon bar and select the screen.
   The Create Certificate of Deposit Amount Block screen is displayed.

   Figure 2-31 Create Certificate of Deposit Amount Block

   
   

   
   Description of "Figure 2-31 Create Certificate of Deposit Amount Block"

   
   
2. On the Create Certificate of Deposit Amount Block screen, click the Search icon or specify the account number in the Account Number field, and press Enter or Tab.
   The details for the account entered are displayed.

   Figure 2-32 Create Certificate of Deposit Amount Block Details

   
   

   
   Description of "Figure 2-32 Create Certificate of Deposit Amount Block Details"

   
   
3. Specify the fields on the Create Certificate of Deposit Amount Block screen. For more information on fields, refer to the field description table.

   Table 2-27 Create Certificate of Deposit Amount Block – Field Description

   Field	Description
   Account Number	Click the Search icon and select the account number or specify the account number to create CD amount block. Note: The account holder's name is displayed adjacent to the field. The customer information is displayed at the right of the screen.
   Amount To Be Blocked	Specify the amount you want to block for the Certifiacte of Deposit (CD). Note that the currency for the CD will be displayed by default.
   Block Reason	Select reason for block from drop-down list.
   Effective Date	Specify or select the effective date for the block. Note: This date cannot be less than current process date.
   Expiry Date	Specify or select the expiry date for the block. Note: This date cannot be less than current process date and effective date.
   Narrative	Specify the narration, if any for the block.

4. Click Submit.
   The screen is successfully submitted for authorization.