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Product Update Notification Overdraft Policy Update - 08/22/06 Bankpolicies.com is proud to announce the immediate availability of our revised Overdraft Policy Template product. This product was revised in response to the Federal Reserve's revised Policy Statement on Payments System Risk (PSR policy) to modify the daylight overdraft measurement rules ("posting rules") for interest and redemption payments on securities. These changes were effective on July 20, 2006. http://www.federalreserve.gov/boarddocs/press/Other/2004/20040923/attachment.pdf What's New Topic 3 - Federal Reserve Daylight Credit Policies. Product Contents Purpose and Contents - Topic 1 Federal Reserve Daylight Credit Policies - Topic 3 Risk Management of Overdraft Protection Programs - Topic 4 Responsibilities and Approval Authority - Topic 5 Overdraft and Returned Item Fees and Notices - Topic 6 Audit Policy - Topic 7 Retention of Documentation - Topic 8 Includes the following form template: Overdraft Approval Form (1 page) Ordering Information This revised product is available to purchase from Bankpolicies.com for: $150.00 - List Price - or - No Charge* - Update Price *Applies only to clients who have purchased Overdraft Policy Template in addition to the following prior update (if applicable): Overdraft Policy Template Update - 07/11/06 Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the update or list price (whichever applies). NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |