5.2 Features of IRA Processing

This topic provides information on features of IRA processing details.

In Oracle FLEXCUBE Investor Servicing, you can maintain and process investments into IRA’s for an investor. This would involve the following processes:

You can maintain the different types of retirement products offered by your organization. Each type can be characterized by different attributes. You can define patterns of investment in IRA’s and fund portfolios for each product, by applying the specifications made for a product type.

Investment transactions into IRA’s can also be processed, such as the initial investment, additional investments, premiums and partial or complete withdrawals.

Distribution of the income derived from investment into the funds portfolio is also managed in the system. You can configure the system to process the income as desired by investors, either through reinvestment or payment, or a combination of both.