Sample Requirements with TestCases

REQUIREMENTS - RETIREMENT ACCOUNT SUBSYSTEM
Number	Requirement
R1.	For IRA (Individual Retirement Account) Timed Deposits, require a minimum opening deposit of $500.00.
R2.	For IRA Savings Accounts, require a minimum opening deposit of $1.00.
R3.	For IRA Savings Accounts, require a minimum withdrawal amount of $1.00.
R4.	Change IRA Savings Accounts and IRA Timed Deposits to dormant status if there is no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), 24 months after the depositor reaches age 70 1/2. Produce a notice when the account status changes to dormant.
R5.	Change IRA Savings Accounts and IRA Timed Deposits to escheatable status (eligible to be sent to the state) if there is no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), 36 months after the depositor reaches age 70 1/2. Produce a notice when the account status changes to escheatable.
R6.	For IRA Savings Accounts, produce a notice if the total number of withdrawal transactions (pre-authorized withdrawals, automated transfers, and telephone transfers), exceeds six during the depositor's monthly account cycle.
R7.	For IRA Savings Accounts, after the third month within a twelve month period, in which the total number of withdrawal transactions (pre-authorized withdrawals, automated transfers, and telephone transfers), exceed six during the depositor's monthly account cycle, change the account status to closed and produce a notice. Prevent future opening of an IRA Savings Account.
R8.	For IRA Timed Deposits where the depositor is less than 59 1/2 years old, apply early withdrawal penalties based on the amount of principal withdrawn and the existing term and interest rate of the account as follows:
	Term	Interest Penalty
	91 days through 1 year	30 days of interest
	greater than 1 year through 2 years	90 days of interest
	greater than 2 years through 10 years	180 days of interest

List of Test Cases

TEST CASES
Req. #	Test Case #	Condition	Expected Result
R1.	C1.	IRA Timed Deposit with deposit less than $500.	IRA Timed Deposit Account can not be opened.
R1.	C2.	IRA Timed Deposit with deposit equal to $500.	IRA Timed Deposit Account can be opened. Amount of deposit is accepted and recorded properly.
R1.	C3.	IRA Timed Deposit with deposit greater than $500.	IRA Timed Deposit Account can be opened. Amount of deposit is accepted and recorded properly.
R2.	C4.	IRA Savings Account with deposit less than $1.	IRA Savings Account can not be opened.
R2.	C5.	IRA Savings Account with deposit equal to $1.	IRA Savings Account can be opened. Amount of deposit is accepted and recorded properly.
R2.	C6.	IRA Savings Account with deposit greater than $1, but less than $500.	IRA Savings Account can be opened. Amount of deposit is accepted and recorded properly.
R3.	C7.	IRA Savings Account with request for withdrawal less than $1.00.	IRA Savings Account withdrawal is rejected.
R3.	C8.	IRA Savings Account with request for withdrawal equal to $1.00.	IRA Savings Account withdrawal is accepted and recorded correctly.
R3.	C9.	IRA Savings Account with request for withdrawal greater than $1.00.	IRA Savings Account withdrawal is accepted and recorded correctly.
R4.	C10.	IRA Savings depositor that has no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), 24 months after reaching age 70 1/2.	Status is changed to dormant. Notice is produced.
R4.	C11.	IRA Savings depositor that has a record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), within the 24 months after reaching age 70 1/2.	Status remains active.
R4.	C12.	IRA Timed Deposit depositor that has no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers or check issuance), 24 months after reaching age 70 1/2.	Status is changed to dormant. Notice is produced.
R4.	C13.	IRA Timed Deposit depositor that has a record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), within the 24 months after reaching age 70 1/2.	Status remains active.
R5.	C14.	IRA Savings depositor that has no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers or check issuance), for 36 months after reaching age 70 1/2.	Status is changed to escheatable. Notice is produced.
R5.	C15.	IRA Savings depositor that has a record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), within the 36 months after reaching age 70 1/2.	Status changes from dormant to active.
R5.	C16.	IRA Timed Deposit depositor that has no record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), for 36 months after reaching age 70 1/2.	Status is changed to escheatable. Notice is produced.
R5.	C17.	IRA Timed Deposit depositor that has a record of account activity (pre-authorized withdrawals, automated transfers, telephone transfers, or check issuance), within the 36 months after reaching age 70 1/2.	Status is changed from dormant to active.
R6.	C18.	IRA Savings depositor with greater than six withdrawal transactions, within one monthly account cycle.	Notice is produced.
R6.	C19.	IRA Savings depositor with six withdrawal transactions, within one monthly account cycle.	Notice is not produced.
R6.	C20.	IRA Savings depositor with less than six withdrawal transactions, within one monthly account cycle.	Notice is not produced.
R6.	C21.	IRA Savings depositor with greater than six withdrawal transactions, spanning two monthly account cycles.	Notice is not produced.
R7.	C22.	IRA Savings depositor with greater than six withdrawal transactions per monthly account cycle for three months within a 12 month period.	Status changed to closed. Notice is produced. Opening of IRA Savings account is prevented.
R7.	C23.	IRA Savings depositor with greater than six withdrawal transactions per monthly account cycle for two months within a 12 month period.	No action, status remains active.
R7.	C24.	IRA Savings depositor with greater than six withdrawal transactions per monthly account cycle for three months not within a 12 month period.	No action, status remains active.
R8.	C25.	IRA Timed Deposit depositor, less than 59 1/2 years old, 91 days through one year term, using 91 day term.	30 days of interest penalty applied on amount of principal withdrawn.
R8.	C26.	IRA Timed Deposit depositor, less than 59 1/2 years old, 91 days through one year term, using one year term.	30 days of interest penalty applied on amount of principal withdrawn.
R8.	C27.	IRA Timed Deposit depositor, less than 59 1/2 years old, greater than one year through two year term using one year and one day term.	90 days of interest penalty applied on amount of principal withdrawn.
R8.	C28.	IRA Timed Deposit depositor, less than 59 1/2 years old, greater than one year through two year term, using two year term.	90 days of interest penalty applied on amount of principal withdrawn.
R8.	C29.	IRA Timed Deposit depositor, less than 59 1/2 years old, greater than two year through 10 year term, using two year and one day term.	180 days of interest penalty applied on amount of principal withdrawn.
R8.	C30.	IRA Timed Deposit depositor, less than 59 1/2 years old, greater than two year through 10 year term, using 10 year term.	180 days of interest penalty applied on amount of principal withdrawn.
R8.	C31.	IRA Timed Deposit depositor, exactly 59 1/2 years old, 91 days through one year term, using 91 day term.	No interest penalty is applied.