Deposit Reports > Deposit Reports - Numerical Order

Availability

This is the actual production of renewal notices, not the report. It should be run daily in the afterhours. The Renewal Notice Report is processed with FPSDR006.

Purpose

A renewal notice is printed when the grace end field on the Deposit Additional Fields screen (function 3/4) is equal to the processing day or less than the next processing day. Notices are produced for renewable certificates only. It contains the following information:

•Account Number (default)

•Name and Address of the account owner

•Household number in which this account resides

•Renewal date

•Renewal balance

•Maturity Date

•Interest rate

•Annual percentage yield

An option is available to use the individual addresses and phone numbers of branches as return addresses instead of your institution’s pre-printed logo. The system pulls branch addresses from the Office Information Display screen (function 39/40) in GOLD Services (Application 8). In addition, an option is available to align CIF data on the notice for viewing through a #10 double-window envelope.

GOLDPoint Systems Only: This report must be set up to process next day.

This report can be sorted by mail code (90) and any other standard sort.

Insert the following alphanumeric codes in the misc parm field to set certain options:

NOLOGO	Enter these letters in positions 5-10. This option will print the institution’s branch return address and phone number in place of the logo. The address will be chosen based on the office of the account number (if the office is set up in the Office Information Display screen (function 39/40) in GOLD Services (Application 8)).
I0	Enter this letter and number in positions 12 and 13 to align the CIF data on the notice for viewing through #10 double-window envelopes.

Report Column Information

fpsdr038example

Example Notice

fpsdr038example1

Example notice with options set to print individual branch addresses and #10 double-window envelope formatting.

Certificate Number	This is the office number (DMACTO), account number (DMACTA), and check digit (DMCKDG) for the account.
Renewal Date	This is the renewal date on which this account was last renewed, taken from the last maturity date field (DMLMRD) on the Deposit Master Fields screen (function 1/2). If this account is in its first term, this field will be blank because the account has not previously been renewed.
Renewal Balance	This is the renewal balance or current balance on the account, taken from the current balance field (DMCRBL) on the Deposit Master Fields screen (function 1/2).
Maturity Date	This is the maturity date for this account, taken from the maturity date field (DMMTDT) on the Deposit Master Fields screen (function 1/2).
New Interest Rate	This is the new interest rate for this certificate at renewal, taken from the interest rate field (DMRATE) on the Deposit Interest Fields screen (function 9/10).
Name & Address	This area of the certificate renewal notices contains the name and address of the account owners, taken from the CIF System.
Annual Percentage Yield	The Annual Percentage Yield (APY) is computed based on the number of days in the term and the interest amount that is calculated. This is a projected APY based on the amount of interest the CD will earn in the next year. Starting from the last maturity roll date (DMLMRD), the interest frequency, method, anniversary, options, and interest at maturity are all used in calculating the projected amount of interest for the next year. The APY calculation will always use 365 days as its basis, even in a leap year. However, the interest amount can use a 366-day basis if your institution chooses. When institution option B366 is set, all accounts opened prior to February 29 of the leap year will use a 366-day basis in the calculation of interest. If institution option NOMT is set to “N,” then for accounts renewing, the last maturity date will be used instead of the date opened to determine whether or not to use a 366-day basis. If the last maturity date is past February 29, or the date opened is past February 29, then a 365-day basis will be used. If institution option NOMB is set, then the date opened will be used in all cases.

Totals and Subtotals Provided

Subtotals are provided by account number, and institution totals are provided at the end of the report. The report also provides the total number of all accounts read for this report.

If other subtotals are desired, consult your customer service representative.

Renewal Notices (FPSDR038)

Renewal Notices (FPSDR038)