FISN Certificate of Deposit Management Reports

Once you ask Federally Insured Savings Network to arrange a certificate of deposit for you, you can count on knowing what's happening to your funds. We provide a series of regular reports, starting with a confirmation, that give you all the information you need for effective cash management and wise financial decisions.  

CD Notice 
At the end of each transaction day we mail confirmations of the arrangements we made over the telephone. This CD Notice tells you the issue date, issuing institution, CD amount, maturity date, interest rate and yield for each CD issued that day. About a week later you should receive the contractual confirmation from the issuing institution in the form of a certificate or safekeeping receipt and signature cards. Our CD Notice provides a written record for your files until you receive the materials from the issuer 

CD Notice With Wire Instructions  
This Notice goes beyond the CD Notice by duplicating its content plus providing full, written wire instructions for large CD orders. This report replaces lengthy telephone sessions for placements of 10 or more CDs. The Notice is delivered by messenger in Washington, by telephone facsimile transmission or by Federal Express overnight anywhere in the country. This tool works most effectively for next-day settlement and can also be sent directly to a bank wire department. 

Maturity Forecast  
This report alerts you to upcoming maturity dates by indicating the date and day of the week on which CDs come due. The report will be sent monthly, with maturities forecasted for the next two months. CDs will be identified by the date on which they were issued, by whom, and the amount. Many of our clients depend on us at maturity. They receive both a written notice and a telephone call at maturity. Finally, if you hold the actual certificate, the reports will remind you to return it by mail before maturity. 

Cash Flow Report 
This report specifically identifies each CD outstanding with FISN issuers and calculates the periodic interest disbursements. The report is mailed after placement of each CD along with the CD Notice. Many investors with large CD portfolios only estimate the amount of interest and the dates on which it is due. This report takes the guesswork and the time consuming manual calculations out of keeping track of cash flow. FISN's computer will calculate interest disbursements, taking into consideration 365 day basis vs. 360, calendar month vs. anniversary month interest payments, and simple vs. compound interest. In addition to the standard identifying information, the report also indicates when principal is due at maturity. This report focuses on what CDs are all about - high interest at the right time in the right amount. FISN can also provide an accrual basis Cash Flow Report. 

Portfolio Reports 
This series of reports tracks outstanding CDs in several sequences for large holders. CDs are identified fully and can be sorted in alphabetical order of issuers, in alphabetical order of issuers by state or in maturity date order. Many investors with large portfolios will save time in organizing their CDs with these periodic reports. Plus, opportunities will not be lost while figuring out which CDs you own when superb rate offers are available. For auditing purposes we also can sort CDs by issue date, including matured CDs, so you and your auditors can look at CDs chronologically.