The Certificate Offers screen provides the User with an area to review current certificate holdings and certificates available to purchase.
The Certificate Offers screen is visible only with applicable permissions.
Open Certificates
The Open Certificates card provides a list of certificates that are still active. This provides easy access to review current holdings while assessing certificates available to purchase.
Sorting and filtering are available on all columns in the Open Certificates card. Click arrow next to the column header to sort the column. The orange arrow indicates which column is currently sorted. Search within a column by typing information into the Search and/or the date range boxes located just under the header for each column.
Users may select the number of rows to view on each account card. 
Clicking on a certificate name hyperlink displays additional information about the account.
Available Offers
The Available Offers card provides certificates available for on-line purchasing.
Information available on all offers:
Column | Description |
|---|---|
Certificate Name | Title for the type of certificate |
Term | Number of periods and frequency in days or months |
Rate | Current rate |
Expiration Date | Designated date and time that the certificate will no longer be offered |
Availability | Specific time range for purchasing the certificate that overrides the general availability for purchasing |
General availability is effective once daily rates are published in the morning and remain available until the corporate-defined cutoff time is reached.
Action
Value | Description |
|---|---|
Empty | User does not have permission to purchase a certificate |
Create Request | Initiates the certificate purchase process |
Unavailable | Indicates that direct purchasing of the certificate through the application is not available at this time |
Standard Certificates
Additional information available on standard certificate offers:
Column | Description |
|---|---|
Amount | Identifies the purchase amount applicable to the rate |
Initial Available | Identifies the total dollar amount available for all purchases of the specific, and typically limited, certificate offer |
Current Available | Identifies the remaining dollar amount available for purchases at this time for this specific, and typically limited, certificate offer |
Structured Certificates
Additional information available on structured certificate offers:
Column | Description |
|---|---|
Description | Explanation of the certificate |
Settle Date | Date that the funds to settle the purchase of the ceritifcate will occur |
First Call Date | First date in which the certificate could be called |
Callable Frequency | Identifies the interval frequency for call dates |
Maturity Date | Date the certificate will mature |
Create Request
Users may request a certificate purchase from the Certificate Offers screen.
On the certificate request screen for both Standard and Structured products, the Purchase Details and Dividend Details cards provide details related to the certificate being purchased.
Fields on the Purchase Details card include:
Certificate Name – Title for the certificate
Term – Number of periods and frequency in days or months for the length of the certificate
Rate – Current dividend rate that automatically adjusts based on the Purchase Amount when applicable
Minimum Required – Smallest amount allowed for the purchase
Settlement Date – Date the purchase amount will be withdrawn from the primary settlement share to fund the purchase
Maturity Date – Date the certificate comes due
Call or Put Schedule – Indicates the schedule with view details for all possible call or put dates
Purchase Amount – Funding amount for the certificate – entered by the User
Fields on the Dividend Details card include:
Post Frequency – Indicates how often dividends earned on the certificate will be posted to the certificate
Maturity Only – 1 time when the certificate matures
Off Cycle – when a recurring schedule defines the frequency
Monthly – 12 times a year
Quarterly – 4 times a year
Semi-Annually – 2 times a year
Annually – Once a year
Payment Code – Provides the timing for when the dividends will be paid
Start of Period
End of Period
On Anniversary
Recurrence – Provides the recurrence pattern when an Off Cycle frequency is used
Weekly – recurring on every designated week on a specified weekday
Monthly - recurring specified day of the month for every designated months(s)
The Balance Details provide the User with the current balance in the Primary Settlement Share account as well as any available credit amount to assist the User in determining the appropriate amount for the certificate and ensuring funds will be available to settle the purchase.
To enter a request to purchase a certificate:
Navigate to Certificate Offers page
Click Create Request in the Action column to the right of the certificate to purchase
Enter the Purchase Amount
Review the purchase request agreement then select the I agree checkbox
Select the Create New button
The User will have a designated amount of time to complete the request. A timer counting down the second will display on the bottom of the page. If the time runs out the User will be notified and needs to start over. This is done to ensure that the most up-to-date rates published are being used. When a new request is created, a notification is sent to the corporate credit union. A review process will occur to approve or reject the purchase. When approved the certificate is created. If the current date is the settlement date, funding will occur immediately following the opening of the certificate. When the settlement date is in the future, funding will occur as soon as the system date matches the settlement date.
When a new request is created, a notification is sent to the corporate credit union. A review process will occur to approve or reject the purchase. When approved the certificate is created. If the current date is the settlement date, funding will occur immediately following the opening of the certificate. When the settlement date is in the future, funding will occur as soon as the system date matches the settlement date.