As transactions move through Tax Traders' system, they will include a 'status' to detail how far through the process they are.
Below is a summary of our statuses and their definitions.
Upcoming
The due date for the transaction is coming up.
Complete
The transaction processing is completed. Depending on the original settings of the order and the type of order, the result of this status differs:
|
Deposit |
Completed |
Means that a deposit has been received, processing has been completed, and the funds are now available in the pool. |
|
Transfer |
Completed |
Means that funds have been transferred out of the pool and processing has been confirmed as completed by IR. |
|
Swap |
Completed |
Means that a swap order has been processed in full and the resultant funds are either held in the pool at the requested swap-to date, or have been transferred out to IR and processing is completed with IR. |
|
Purchase |
Completed |
Means that a purchase order has been processed in full and the resultant funds are either held in the pool at the requested tax date(s) purchased or the funds have been transferred out to IR and processing is confirmed as completed by IR. |
TT processing
All transactions which are being processed by Tax Traders, including where we have received a payment or where transfers or swaps are scheduled for processing.
IR processing
Funds detailed have been transferred out to IR and are pending processing or are being processed. This status will remain until we receive confirmation from IR processing has been successfully completed (NB. This may come to us several weeks after the processing has been completed by IR.)
Due soon
The due date for the buy transaction is getting close and will need to be paid, including the principal amount.
Principal due
The due date for the interest upfront transaction is getting close and will need to be paid.
Expired
An interest upfront payment arrangement which has reached maturity and has either not been settled or where an extension has been applied for a further period.
Overdue
Payment has fallen due and is yet to be received, either in whole or in part. The outstanding amount will be reflected on the summary line and within the transaction details summary.
Interest paid
Interest upfront payment options where the interest payment has been received and we are applying this to their purchase.
Current
Interest upfront payment options where the interest payment has been received and processing is completed. The status will remain as current until the due date for the core tax payment approaches.