Maturity and statuses
How to provide Fixed Term Deposit maturity instructions
Settle, roll over, partially roll over or break a deposit with the right financial checks.
Written by Katrin Erb Updated Published Record the client’s maturity instruction so the deposit is settled, rolled over in full, partially rolled over or broken early with its financial history preserved.
Before you act
Obtain the client instruction through an approved channel and confirm who is authorised to give it.
Review the effective confirmed amount, rate, interest, maturity date, CMC and funding accounts.
Confirm any top-up, partial return, bank break charge or additional charge before recording it.
Track an instruction that is still with the client
For a Live, Maturing or Matured deposit, select Mark as with client after contacting the client. When the instruction arrives, select Client instruction received. This marker supports follow-up but does not record the maturity outcome.
Selecting Mature opens the available settlement and rollover routes. An early break is a separate action on an eligible deposit.
Settle the deposit
Open the deposit and select Mature.
Choose Settle and select Continue.
Before the effective maturity date, the status becomes Maturity Instructed; after the date passes, it becomes Settled. Flinq clears the with-client marker.
Roll over the full amount
Select Mature, choose Rollover and continue.
In the rollover request, review principal, interest and the cash management charge (CMC) due on the maturing deposit.
Under How should the CMC due on the maturing deposit be settled?, choose Deduct from maturity proceeds or Pay separately from the capital account.
If you choose to pay the CMC separately, enter the Verified cleared capital cash available after funding. The verified amount must cover the original CMC due at maturity.
Enable Compound Interest? only when interest must be reinvested. When CMC is deducted from proceeds, Flinq reinvests interest after the original CMC. When CMC is paid separately from capital, Flinq reinvests gross interest.
Enter a Top Up Amount only for additional funds; do not enter interest or the original CMC as a top-up.
Complete the new term, dates, funding, charges and review steps, then select Request Rollover.
Flinq links the new deposit to the original. The original becomes Maturity Instructed before maturity or Rolled after maturity. The rollover request follows the office’s approval and confirmation workflow.
Partially roll over the deposit
Select Mature, choose Partial Rollover and continue.
Review the principal, interest and original CMC, choose whether to deduct the CMC from maturity proceeds or pay it separately from verified cleared capital cash, then enter the Amount to Return to Funding Account (Part Maturity).
Choose whether interest is reinvested. The reinvested amount uses interest after original CMC when the CMC is deducted from proceeds, or gross interest when the CMC is paid separately from capital. Review the calculated Amount to Reinvest and complete the rollover request.
The new deposit is linked to the original and contains only the amount being reinvested. Reconcile the returned amount, reinvested amount, interest and CMC as separate components.
Break a deposit early
Open a confirmed, live or maturing deposit and select Break.
Enter Interest Accrued to Date, Break Charge from Bank and any Additional Charges.
Review the calculated CMC and Net Amount to Return.
Continue to Confirm Break, review the breakdown and confirm.
Flinq marks the deposit Broken and records the principal, accrued interest, CMC, bank break charge, additional charges, net return, user and time.
An action is not available
Confirm that the deposit has been bank-confirmed, is in an eligible status and that you have Create FTDs. A terminal, cancelled or archived deposit cannot receive a new maturity action.
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