Download Corporate Deposits User Manual

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product for which rollover is allowed. This can be indicated when the deposit disbursement
is processed.
6.2.1
Mode of Rollover (Manual or Automatic)
For a deposit involving a product for which rollover is allowed, you should specify the mode
of rollover  automatic or manual, during processing.
6.2.2
Impact of Liquidation Mode on Rollover
The mode of liquidation of the principal of a deposit (automatic or manual) has an impact on
when the rollover is carried out, as follows:
Auto liquidation and Auto Rollover
The old deposit will be liquidated and a new one initiated on the Maturity Date of the deposit
during the BOD (Beginning of Day) run of the Automatic Contract Update function. If the
Maturity Date falls on a holiday then the liquidation and the roll-over will be processed as per
your holiday handling specifications in the Branch Parameters screen.

If you specified (in the Branch parameters screen) that processing has to be done today
(the last working day before the holiday) for automatic events right up to the day before
the next working day the schedule falling on the holiday will be liquidated during end-ofday processing on the last working day before the holiday.

If you specified that processing has to be done only up to the System Date (today), then
only the events scheduled for today (the last working day before the holiday) will be
processed. The events falling on the holiday will be processed on the immediate
working day after the holiday, during beginning of day processing.
Auto liquidation and Manual Rollover
The old deposit will be liquidated automatically on the Maturity Date. If the deposit has to be
rolled over, the rollover instructions should be specified for the deposit before the Maturity
Date.If the contract has not been liquidated you can give roll-over instructions even after the
maturity date saying that the contract has to be rolled over as of the maturity date.
Manual liquidation (of principal)
Roll-over has to be manual. The deposit will not be liquidated by the Auto Liquidation function.
You can either liquidate it or specify that it has to be rolled-over. This can be specified at any
time  before or after the Maturity Date of the deposit, if the contract has not yet been
liquidated.
If you have defined that the deposit be liquidated manually, you cannot roll it over
automatically.
When a deposit is rolled over or renewed for the interest, charge or fee components, it can
assume the following attributes:

Those of the product involving the deposit being rolled-over

Those of the old deposit itself
You can specify this at the time of deposit processing (of the old deposit).
You can specify the rollover details for the product that you are defining, by invoking the
‘Product Rollover Details’ screen using the ‘Rollover Details’ button in the Product
Preferences screen.
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