4.7.1 Maturity Instruction as Redeem Principal and Interest

This topic explains the systematic instructions for adding the settlement payout for Maturity Instruction set as Redeem Principal and Interest in the Certificate of Deposit Payout Modification screen.

Note:

The fields marked as Required are mandatory.

To add settlement payout:

1. In the Payout Instructions section, select the Yes option from the Reinvest field.
2. From the Maturity Instructions field, select the Redeem Principal & Interest option.
3. In the Settlement details section, click Add Payout.
   The Add Payout Modes section is displayed.

   Figure 4-25 Add Payout Modes - Redeem Principal and Interest

   
   

   
   Description of "Figure 4-25 Add Payout Modes - Redeem Principal and Interest"

   
   
4. In the Add Payout Modes section, specify the fields. For more information on fields, refer to the field description table.

   Table 4-15 Add Payout Modes - Redeem Principal and Interest – Field Description

   Field	Description
   Maturity Instructions	Displays the maturity instruction set for the account.
   Select Payout Mode	Select the payout mode for the settlement. The options are: Account Instrument External Account Ledger For more information on the modes, refer Payout Modification - Payout Modes.
   Settlement Amount	This section displays the settlement amount details. Note: This section is displayed if the Maturity Instruction is selected as Redeem Principal & Interest and Redeem Principal
   Type	Select the settlement type from the list. The option is: Percentage
   Percentage	Displays the percentage set for the settlement from the selected account.

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