3.6.2 Interest Optimization Closure
This topic describes the systematic instructions to close the Interest Optimization.
During the closure of an Interest Optimization structure:
- On structure closure authorization, system will immediately liquidate and allocate the interest to all the accounts in the structure.
- System will disable the ‘IC required’ flag from ‘Yes’ to ‘No’ for all the accounts and will stop doing further interest accruals for the structure.
- During the reopening of the structure, user should update the relevant account groups for all the accounts and system will resume interest accruals for the structure.
Specify User
ID and Password, and login to
Home screen.
Parent topic: Interest Optimization