Interest Pooling

Create pools, assign accounts, manage rates and understand interest calculations.

11 articles

Section

Pool setup and accounts

Create interest pools and manage their account assignments.

Understand pools, account assignments, rate profiles, payment runs and management-account reconciliation.

Create an interest pool with its branches, management account and initial rate profiles.

Assign eligible bank accounts to an interest pool from the pool or Bank Accounts page.

Move an account to another eligible interest pool from a chosen effective date.

Section

Maintain bank rates, standing rates, payout profiles and cash management charges.

Create a new interest profile period when the effective bank rate changes.

Add and maintain an optional standing-rate profile and understand its client-return protection.

Learn how payout profiles calculate cash management charges and client net returns.

Create a new effective-dated payout profile period when cash management charges change.

Section

Understand day-count conventions, tiers and balance calculation methods.

Compare actual/actual, actual/360 and actual/365 interest calculations in Flinq.

Understand how whole-balance and partial-balance tiers change an interest calculation.

Understand flat and tiered rate structures used by an interest pool.