From time to time, you may need to refinance an existing Account into a new Account. This could be because you are increasing the amount borrowed using existing equity in the current security, or increasing the amount to purchase a new security item. Whatever the reason, finPOWER Connect uses the Close Accounts and New Accounts wizards to refinance Accounts. This allows you to step through all the details that may be required to refinance the Account in a logical order.

Default information is held on the menu option, Admin, Account Type, Close Options page.