Transactions - Bond Redemption

Related Topics

The Transactions - Bond Redemption tab provides access to the Bond Redemption Detail dialog box for redeeming U.S. Savings Bonds.

How do I? and Field Help

Click the Transaction Type down arrow to select the type of financial transaction you wish to perform.

Click the Effective Date down arrow to select the effective date of the transaction from the pop-up calendar or enter the date in MM/DD/YYYY format.

The following fields are system-calculated.

  • The Number of Bonds Redeemed field lists the total number of U.S. Savings Bonds offered for redemption. This total is system-calculated.
  • The Total Member Interest field lists the total amount of savings bond interest earned by the member.
  • The Total Cost field lists total original cost of the U.S. Savings Bonds offered for redemption. This total is system-calculated.
  • The Total 2nd Member Interest field lists the total amount of savings bond interest that will be distributed to the second member. This total is system-calculated.

Click the Savings Bonds Details icon to access to the Bond Redemption Detail dialog box for redeeming U.S. Savings Bonds.

The Bond Redemption Transaction Area lets you distribute funds for a redeemed for a U.S. Savings Bond.

Column Heading Description

From Product

The U.S. Savings Bond.

From Amount

The total redemption value of the U.S. Savings Bonds offered for redemption. Portico automatically calculates this amount by totaling the original cost of the bonds and the interest earned.

From...

Depending on the From Product selected, the ... button can open the Cash Received dialog box or the Check Log dialog box. You can activate the Cash Received dialog box and/or the Check Log dialog box on the User Profile - Popups tab.

From Functions

Not available

To Product

Select how the funds from the redeemed U.S. Savings Bonds will be disbursed (cash, check, share account, etc.).

To Amount

The total amount of U.S. Savings Bonds. Length: 10 numeric.

To Functions

The IRA deposit code or loan note number corresponding with the To Product type.

To ...

Click the ... button to open the Transaction Fee dialog box. Select the Apply Transaction Fee check box. In the Number of Items field, enter the number of U.S. Savings Bonds to assess the fee on. Then, click OK.

The From Side Total field lists the total amount of the From Side product codes.

The To Side Total lists the total amount of the To Side product codes.

Click Submit to complete the transaction.

Click New to clear the Transaction Area and redeem another U.S. Savings Bond.

The member account listing appears on the Overview tab, Transactions tab, and Adjustments tab.