Year 2000 Investor Kit:
How Could the Year 2000 Date Change Affect You?The financial services industry-including banks, mortgage companies, investment firms, and credit card issuers-rely on computer systems to perform a variety of date-sensitive functions. Some of the functions include: - Calculating interest, dividends, charges, and other items
- Transactions processing
- Tracking deposit, loan, and lease payments
- Transferring funds electronically
- Producing billing or other periodic statements
Disruptions or errors in these computer functions could create temporary and isolated administrative glitches with your personal finances, such as: - Delayed statements
- Delays in clearing checks
- Errors in direct deposit or automatic payments
- Billing errors or inaccurate crediting or debiting of transactions
- Incorrect calculations of dividends or interest
- Improper delinquency notices, penalties, or late fees
- Inaccurate credit reporting
How Could The Year 2000 Date Change Affect You? |
How Can You Prepare For The Year 2000? | Additional Information |
Year 2000 Tips | A Checklist To Get You Ready For The Year 2000 (11 KB) |
Year 2000 Investor FAQs | Be Ready For The Year 2000! | Introduction © Copyright 1999, National Association of Securities Dealers, Inc. All rights reserved.
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