| Term Deposits / GIC's (includes CANNEX interface)
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Technology Designed to Help Real People Save for Their Future

Portfolio+ term deposit & GIC technology was designed to let financial insitutions focus on what matters most—crafting flexible term deposit products for families with any financial goal.
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Access billions in term deposits.

Securing deposits at the lowest possible cost to fund lending products is what drives the term deposit business. The concept is simple, but there are a number of challenges. You need access to retail or broker-originated deposits in order to raise billions. Our term deposit software has been doing this for decades. It's proven, it's reliable, and it doesn't require a lot of administrative overhead.

Manage a billion with one employee

It's true. Some of our customers manage over a billion dollars in term deposits with less than one full-time employee. How do they do it? They’re using our term deposit software along with proven interfaces to CANNEX and GICSERV.

Manage more with less

Businessman sitting in financial district managing term deposits and GICs from a laptop.

Be compliant

Be associated with a vendor that saw every one of its customers who wanted to qualify for early rewards from the Canada's national deposit insurer do so because we delivered their regulatory updates on time.

Put compliance first

We're the leader in Canadian term deposits

When you become a Portfolio+ customer, you will be doing business with a leader in the deposits industry in Canada, the country often referred to as having the strongest banking industry in the world.

Show me the way

Hockey coach providing leadership guidance to young children.

Term Deposit Architecture

The underlying architecture of the Portfolio+ Term Deposit software lets you customize your term deposit offerings. And with these additional options, you can provide your customers with tailored term deposits that suit their needs.

Diagram depicting term deposit software architecture.
Businessman sitting in financial district managing term deposits and GICs from a laptop.

Offer GIOs & insurance products

Offer insurance products like Guaranteed Income Options (GIOs) and annuities by combining Portfolio+ Term Deposit and Investment solutions. Portfolio+ has been used in one of Canada’s top insurance companies for over 10 years, managing billions of dollars in assets.

Get a tailor solution

Simplify portfolio onboarding

If you use an agent network to sell your term deposits, or acquire an existing term deposit portfolio, you can use the automated entry method to bulk load your term deposits into Portfolio+. This allows for an unlimited number of deposits to be entered in one or more loads. Once the batch is validated, the entries are then accepted and activated as term deposits within Portfolio+.

Simplify it

Businessman at his desk with abstract graphical elements.
Long flowing piece of paper with pie charts and bar graphs conveying a complete term deposit workflow.

Experience an end-to-end integrated workflow

Portfolio+ provides a complete workflow for selling and processing term deposits. This includes receipts, certificates, interest cheques, commission processing, principal cheques, electronic payment processing, and general correspondence.

Streamline my process

Details and Specifications

Term Deposit Software

Module Integration

Retail Banking

With the Portfolio Plus Retail Banking module, transfers can be made to and from retail accounts for term deposit purchases, interest payments, and redemptions. The Term Deposit module also supports PAC and PAD interfaces for Pre-Authorized Credit and Pre-Authorized Debit transactions with other financial institutions.

Investment Management

Using the Portfolio Plus Investment Management module you have the ability to manage term deposits as part of a registered plan (RRIF, RRSP, RIF), or non-registered investment plan. The appropriate transactions for initial investment, payments of interest, and principal are maintained within this investment plan.

Real Time Accounting

The Term Deposit module of Portfolio Plus creates journal entries, in real time, to the accounts you have specified in the term deposit product set up information. You can choose exactly when these entries are posted to the general ledger and run trial balances as required. All activity associated with the Term Deposit module is audited.


Legacy and XMLs

In some cases, you don't have the luxury of installing a 100% Portfolio Plus solution. In this case you can choose to integrate with your legacy systems using the Universal Gateway, another important component in the Plug-In BankingTM architecture. Using technologies like XML and advanced messaging JMS middleware, Portfolio Plus can be integrated with legacy systems on a high performance messaging backbone.

Powerful Reports

Revenue Canada

  • T5 supplementary and summaries
  • NR4 supplementary and summaries
  • Relevé supplementary and summaries

Regulatory

  • Canada Deposit Insurance Corporation
  • 100 Day Maturities
  • Geographical Breakdown of Investments
  • Agent Exposure Breakdown
  • Agent Business Report
  • OSFI Owner Type Report
  • DICO Deposit Profile
  • DICO Deposit Premium

Business

  • Exception reporting
  • Transaction listings
  • Daily entry Summaries
  • Issues registers
  • Maturity Forecasts
  • Renewal & Redemption Registers
  • Client Audit Trail

Managements

  • Trial Balance
  • Daily and Monthly Transaction Activity
  • Liquidity Reporting
  • Accrued Interest Reports

Strict Auditing and Security

Administrator Control Levels

  • user-based
  • group-based

Restrict Access Controls

  • Query capabilities
  • Entering information
  • Printing reports
  • User dollar limits
  • Custom combination of company requirements

Payment Processing

The Term Deposit module contains a complete set of functions for processing payments for interest and principal. You have the option of processing payments as pre-authorized payments to an account of the customer's choice or by cheque. Cheques can be issued one at a time, or in a batch format.

Before you actually process payments, you can review them in the form of proposals. This is an opportunity for you to catch any irregularities before a payment is created.

Customer Relationship Management

CIF Query Options

  • Certificate number
  • Cheque number
  • Payment due date

CIF Cross-Reference

  • Mortgages
  • Lines of credit
  • Chequing accounts
  • Savings accounts
  • RRSPs
  • RESPs
  • RDSPs
  • RRIFs
  • LRIFs
  • LIFs
  • LRSPs

Term Deposit Types

  • Index-Linked
  • Stepped Rate
  • Fixed Rate
  • Adjustable
  • Variable
  • Cashable
 

Questions?    We have answers.

Contact us.

Monitoring & Reporting



This page was created or refreshed on November 28, 2019 @ 15:32:22
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Term Deposit Administration Software and GIC Software