558 - SymXchange Loan Transfer Record Transfer Type

Category Core Specific

Description This field identifies the transfer type that is used for the loan transfer record created by SymXchange.

Purpose Determines the transfer type code written onto SymXchange loan transfer records.

Valid Values

3 – Automatic Payment
Creates Loan Transfer records that allow Episys to process share-to-loan transfer payments automatically during the Daily Posting Batch Program.
9 – Off Cycle (Default)
Allows transfers from an indicated share to a loan on a day other than (and including) the due date in the Loan record.

Default Value 9 – Off Cycle

Notes/Dependencies