9 Replies Latest reply: May 16, 2013 7:05 AM by 1007941 RSS

    TD maturity payout Instruction Use case

    1007941
      Currently we have TD maturity payout instruction executions where we can define Percentage type of payout for principal amounts.

      Use case 1 : FCR allows to maintain the following:

      50 % Redeem - Instruction 1
      50 % Reinvest - INstruction 2

      In Batch, example Princ balance is 10000. then instruction 1 will be executed by redeeming 5000 and then system automatically reinvests the iour remaining 5000 and closes the deposit.

      Use Case 2 - lets change the sequence.

      50 % Reinvest - Instruction 1
      50 % Redeem - Instruction 2

      In batch , for the same example of 10000, system will reinvest 5000 as per instruction 1 and then will actually take 50% of remaining 5000 which is 2500 and redeem. Deposit is not closed since remaining balance of 2500 is in the deposit.

      Why is this behaviour different and feel its a base issue.

      Question posted by Sandeep Mathias

      Edited by: Sandeep Mathias on May 9, 2013 12:27 PM