Streamline your Section 85 rollovers by capturing and automating crucial promissory note data directly within your Issuance or Transfer transactions.
Overview
This feature allows users to record specific details regarding promissory notes when processing transactions labelled as rollovers. By capturing the value, interest rate, and expiry date within the transaction workflow, this data becomes available for document generation and future reference within the Transactions.
Availability: All customers.
Record Promissory Note Information
The option to add promissory note details appears dynamically when a transaction requires a rollover classification.
Navigate to the Securities > Ownership section of the target Entity
In the Transactions tab, click + New
In the New transaction modal, select Issuance or Transfer to initiate a new transaction
Click the Select Type dropdown menu and select Rollover
Locate the Promissory Details section at the bottom of the window
Check the Promissory Note box to indicate the transaction includes a promissory note
Enter the Value, Interest Rate, and Expiry Date (if applicable)
Input the necessary Other Consideration and Use On Register information as needed
Click Create to save the transaction details
View Promissory Note in Rollover Transactions
Promissory note details recorded during the workflow remain accessible for review after the transaction is complete.
Navigate to the Transaction tab
Locate the specific Issuance or Transfer record
Open it to verify the Promissory Note details (Value, Interest Rate and Expiry Date)