Dynamic Transfer Types and Reporting: Enhancing Financial Operations

Explore the various types of dynamic transfers such as ODP, Sweep, ZBA, and more, enabling seamless movement of funds across accounts. Learn about excess balance transfers, maintain minimum transfers, and the intricacies of dynamic transfer reporting. Discover key strategies for efficient financial management and fund placement.

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• Dynamic transfers
• Financial operations
• Fund management
• Reporting
• Transfer types

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Uploaded on Apr 03, 2024 | 0 Views

Presentation Transcript

1. HORIZON HORIZON EMPOWERMENT EMPOWERMENT SERIES SERIES Dynamic Transfers Aida Campbell - Strategic Planning Manager Kenneth Fulgham Strategic Planning Manager

2. Agenda for Todays Session Types of Dynamic Transfers There are 4 types of Dynamic Transfers: ODP, Sweep, ZBA, and At Last, plus Repurchase Agreement Yield Reporting The Dynamic Transfer Structure Up to 9 vertical levels of transfers. Each level can have an unlimited number of accounts. Reporting of Transfers Reporting can be done intra-day and in BOSS processing. 2

3. DYNAMIC DYNAMIC TRANSFER TRANSFER TYPES TYPES

4. Types of Dynamic Transfers Excess Balance Transfers Is used to move excess monies from an account Uses Trigger Threshold and Target Balance You can send money to pay the principal of up to 98 loans and then 1 deposit account Maintain Minimum Transfers Can look at up to 99 places for funding Funds can come from DD, SV or LN ZBA Transfers Used to take the account to Zero on the debit or credit side At Last Transfer Used to ensure that the final placement of funds does not exceed a certain balance in the account Repurchase Transfer Used to move the invested balance plus earnings back to the deposit account 4

5. Some Facts About Dynamic Transfers When sweeping excess funds to another account you have the option to also move the float with the transfer Float can me moved in the definition of the Sweep or by using the Reassign Float Relationship You can determine which Maintain Minimum Balances can be pulled to the account during the business day and which ones are only available to be pulled during BOSS processing You can determine by Card Type if OD and Selected Available funds can be used for POS and ATM activity and for Teller Transactions 5

6. Dynamic Transfer Type Default Options Dynamic Transfer options can be defaulted from the Channel Defaults This enables you to determine the defaults of the balances that will be used to trigger transfers Whether Float is Reassigned Service Charge Options Increments on Secondary Balances Whether the secondary accounts balances are included in the Primary Account s Intraday Available Balance 6

7. DYNAMIC DYNAMIC TRANSFER TRANSFER STRUCTURE STRUCTURE

8. Dynamic Transfer Structure 3 3 Line of Credit Repurchase Agreement Corporate Consolidated 2 2 Division A Division B Division C 1 1 Payroll Operating Payroll Operating Payroll Operating LEVEL 8 8

9. INTRA INTRA- -DAY REPORTING REPORTING DAY

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11. QUESTION QUESTION AND AND ANSWER ANSWER TIME TIME 11

12. THANK YOU THANK YOU 12