The system can also pay bonus interest if securities are held for specified periods and in the case of callable securities, will calculate any penalty that is deductible when securities are redeemed before specified dates. The system provides facilities to match cash to application when cash is banked at remote locations. For retail type investments, commission may be applicable in which case, the details of the agent will be entered and stored and commission payments made. Commission can be paid on demand or on a regular cycle such as once a month. The file of commission agents contains other details which enables us to distribute sales brochures, prospectuses for retail investment programmes.
Every investor receives notification when their investment has been registered.
At the option of the issuer, each investor can be contacted prior to maturity and offered re-investment into a current investment. In these circumstances, only the final interest is paid and the principal amount is transferred to the new investment. Commission can be calculated and paid on these applications. Following the successful conversion the investor receives a notice detailing the registration of the new investment. This facility allows instruments to be transferred between investors.