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How to Liquidate a GIC

This article explains how to liquidate a GIC within an account.

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Steps to liquidate a GIC

  1. Navigate to the account where the GIC is held.

  2. Select View Holdings.

  3. Locate the GIC.

  4. Click the arrow beside the holding.

  5. Select Liquidate.

  6. Enter the required details and confirm.


Result

  • The GIC is liquidated

  • A transaction is recorded in the accounting report in both the Receipts and Investments schedules

  • The holding is updated accordingly

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