Loans and Deposits
The web based Loans and Deposits complements the Cash Management module and will provide a platform to manage the conventional financial investment and borrowing instruments. The loans and deposits (Money Market) module can leverage off easily configured bank accounts, instruments, currencies and interest terms. Users can manage their investments, loan accounts, interest payments and schedules within one module. Loans and Deposits is tightly integrated into 'Cashflow' for easy cash flow management and reporting.
The System provides the following instrument types:
· Call deposits
· Fixed deposits
· Term/ Notice deposits
· Call loans
The system allows users to capture the above-mentioned investments and loans, and provides the facilities to update these accounts so that the reports are timeouts and accurate.
The System provides the following instrument types:
· Call deposits
· Fixed deposits
· Term/ Notice deposits
· Call loans
The system allows users to capture the above-mentioned investments and loans, and provides the facilities to update these accounts so that the reports are timeouts and accurate.
Features and FunctionsClients will be able to optimize their cash flow as a result of:
· Calculation of estimated accrued and due interest · Accurate reports, The module incorporates all appropriate rules for the various instruments and incorporate: · Whether interest is paid or accrued · Rule based maturity appropriate to instrument, including duration, term and frequencies · Centralised linking to interest rate profile enables easy management of rate changes · User can transact over a range of money market products. Included with the opening of new accounts will be data such as: capital amount, account type, Interest Rate Source, interest rate, next interest date, interest payment method (capitalize, cross-transfer to another account within the system, or it pay out), interest frequency, maturity date, etc. · Maintain the schedule of linked Interest Rate Source so that their various accounts can be linked to these rates. · Capture interest rate changes where the rates are not linked to prime, SAFEX, etc. · Capture adjustments to interest accrued or paid · Capture the date/advice of notice given on notice accounts, with the amount, so the system will update the accounts concerned. · Capture deposits, withdrawals and interest adjustments · Capture and initiate of deals (investments and call/overnight loans) with the relevant financial institutions, so that the client can select the preferred rate and then accept/firm the deal. The system stores this account. · Select the nominated settlement account(s) for capital and interest · Draw reports of account balances · Draw maturities and interest due reports · Draw cash management reports · Calculating expected accrued interest and its deposition (capitalized or transferred to the nominated settlement account), updated the accrued interest, interest paid and the account balances. · The same applies to the fate of maturing instruments | Screenshot Example position view.
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