No - You have one plan document that designates the beneficiaries of the IRA. Each CD does not stand on its own.
RMDs are being calculated correctly because the report groups them all together - Well ding, ding, ding, I think you have a winner. If that doesn't tell you how the system works, nothing will. You should have one custodial document that governs all the CDs the customer holds under the one plan.
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