Date: Mon, 29 Dec 1997 20:53:46 GMT Server: Apache/1.2.4 Last-Modified: Wed, 28 May 1997 21:29:34 GMT ETag: "2f8d9-7779-338ca3be" Content-Length: 30585 Accept-Ranges: bytes Connection: close Content-Type: text/html Computer Research, Inc. Brokers




This real time system provides complete product support for today's full service brokerage firm. Position and clearance accounting are controlled by the system in an on-line real time environment. The system's Cash Management Summary allows the client to review up to the minute net cash position for the firm. Transaction details such as trades, redemptions, interest and other payables supporting the net cash position may be viewed with a single stroke by the client. The on-line dividend and interest system provides many exceptional benefits to the client thereby maximizing back office efficiency. The system is supported with various clearing agency interfaces for purposes of reconciling positions and dividends and interest that are due on payable date. Redemptions, dividends and interest payables may be activated automatically or upon client interaction with the system. The system also supports various interfaces with quote services and may be used in conjunction with the "Broker's Notebook" or "Advest" portfolio management systems.

Bridge ORDPRO Margin Accounting
Bloomberg Trade Entry Interface Credit Interest Calculation
Front Office/Offering and Trading System DTC, NSCC & Other Clearing Interfaces
Government Auction System Automatic Check Reconciliation
Syndicate System Bond Comparison System
Fixed Income Bond Calculator Account Master Memo System
TBA Allocation System Self-Directed IRA System
When If Issue System NSCC ACATS System
Open Order & Order Entry System Multiple Collateral REPO System
Dividend Reinvestment System Omnibus Money Market Mutual Fund System
Consolidated Statement Reporting Variable Rate Accounting System (Lower Floaters)
Fund/Serv & Networking ACH/Day Light Overdraft System


Bridge ORDPRO
Supports both machine and phone orders for equities and options across U.S. exchanges, the OTC marketplace, and third market providers.
Benefits:
  • CRI clients may specify a destination when entering an order, or allow OrdPro's routing algorithms to choose destinations automatically. These algorithms take into account exchange, electronic eligibility, and asset type combined with broker pre-defined parameters including order size, market preference, entering location, order type, and time.
  • CRI clients have the capability of interfacing with a vast amount of electronic marketplaces including systems on the New York, American, Philadelphia, Chicago, CBOE and Pacific Coast exchanges. Additional interfaces are provided to broker dealer systems such as COLT(Herzog), Masters(Mayer & Schweitzer), third market systems such as Madoff, Trimark, and POSIT.

Bloomberg Trade Entry Interface
Enter Trades Directly into Bloomberg Terminal
Benefit:
  • Eliminates duplicate trade entry as CRI accepts data from Bloomberg adding trades and producing confirmations hourly via the interface.

Front Office/Offering and Trading System
Trader Offering: Establish on-line sales credits and offerings.
Benefit:
  • Eliminate the black book.
Salesperson Trade Entry
Benefits:
  • Minimizes duplication of effort. Allow sales personnel to enter their own trades.
  • Efficiency is enhanced since the manual writing of the order ticket is eliminated.
  • Reduces transitional and data entry errors.

Government Auction System
Trade entry for all participants in an upcoming Treasury Auction as daily orders are taken prior to the actual auction date. On the actual auction date, the client simply enters the "average" auction price and trades clear automatically.
Benefit:
  • Allows trades to be entered into the system as they flow into the front office rather than attempting to execute all trades on a single date(auction date) thereby eliminating inefficiencies and data entry errors that result in a surge of trade volume.

Syndicate System
On-line profit/loss reporting by manager and syndicate member.
Benefit:
  • Syndicate inquirers may examine positions and related profit and loss rather than foraging through voluminous reports.
Closing Letter automatically created by the system allocating profit and loss based upon participation.
Benefit:
  • System efficiency and timeliness of "system creation" versus the utilization of the departmental secretary.
Monthly listing of competitive and non-competitive deals as of year-to-date file. This listing provides details such as profit/loss, issue information, settlement date information.
Benefit:
  • Provides a quick glance report for the Underwriting Department to view year-to-date progress.
New Issue Work Sheet supports the Syndicate Departmental Manager by allowing a continual update and/or modification of offering description, maturity date, quantity, effective yield, dollar price, concession and take- down information. This information is shared with the Sales force based upon interaction of the Syndicate Manager during the "pre-sale" period.
Benefit:
  • Allows continuity between the branch offices and Syndicate Manager via an efficient and effective process. Generally this is a manual process for many front offices which requires continual re-faxing of information to the Sales force. The CRI New Issue Work Sheet is PC supported and allows on-line updates for the purposes of automatically transmitting the information(via facsimile).

Fixed Income Bond Calculator
Yield and dollar price computations for fixed income products.
Benefit:
  • Substitutes for the traditional fixed income calculator that many firms have used in past years.

TBA Allocation System
Allows the client to properly enter TBA trades and subsequently allocate the position within PSA Standards upon the final issuance of the security.
Benefits:
  • System edits assist the client in ensuring that proper deliverable quantities are within PSA Standards thereby eliminating delivery implications.
  • Reduces inefficiencies of duplicating TBA trades entry. The original trade is canceled automatically by the system when the security comes out of TBA status.

When If Issue System
Allows the client to enter a When and If Issued trade on a one time basis. Upon final settlement date, the client interacts with the system by providing date parameters for an entire CUSIP or on a trade for trade basis. The system automatically cancels the WI trade and reissues a new confirmation with the notation " Previously Confirmed as When Issued".
Benefit:
  • Streamlines operations and minimizes errors that occur from dual entry.

Open Order & Order Entry System
On-Line Branch Order Entry System
Benefit:
  • Reduces manpower in home office, allowing branch offices to enter orders on-site.
Open Order Storage File
Benefit:
  • Eliminates manual recall of Open Orders. Orders are stored on-line for as long as the order is open on the floor.

Dividend Reinvestment System
Consolidated Activity of Security Positions
Benefit:
  • Eliminates need to keep track of separate statements on dividend reinvestment activity from several different companies.
No Commission on Reinvested Shares
Benefit:
  • Cost savings to customer as commission is not charged on trades that are executed to purchase additional shares for reinvestment.
Reinvest or Receive Cash
Benefit:
  • The choice is yours! Customers may opt to reinvest the dividend on selected stocks or receive cash on different stocks.
Flexibility in Choice to Reinvest
Benefit:
  • Customers may change their dividend options up to the record date for the dividend.

Consolidated Statement Reporting
One Statement to Customer
Benefit:
  • Eliminates customer inquiries as to where the Mutual Fund positions are when two or more statements are received.
Trades Executed Through Brokerage Firm
Benefit:
  • Maximizes trade volume with firm, therefore generating more revenue.

Fund/Serv & Networking
Fully Automated Interface with NSCC Fund/Serv System
Benefit:
  • Eliminates customers executing trades directly with the Fund, generating more revenue.
All Levels of Networking
Benefit:
  • Flexibility in choosing the level of networking that best suits the firm's needs
.

Margin Accounting
Parameter Driven Maintenance Requirements
Benefit:
  • Flexibility in allowing firm to set house maintenance requirements and then override at the individual account level.
Automatic Account Restriction
Benefit:
  • Eliminates user intervention as system automatically sets account to restricted status based on Fed and House call violations.
Automated Margin Interest Calculation
Benefit:
  • Simplifies Margin Interest account debiting by automatically calculating monthly average debit balance and applying current broker call interest rates.

Credit Interest Calculation
Allows up to 10 Different Effective Dates & Rates
Benefit:
  • Eliminates manual calculation of interest during months when prime rate is constantly changing.
Up to 8 Different Deviation Limitsin Account Balance
Benefit:
  • Offers customers with larger balances a better interest rate, thus encouraging money to be on hand for investment at the firm.
Mid-Month Interest Calculations
Benefit:
  • Reduces time spent manually calculating interest due an account that is closing in the middle of the interest period. An on-line function allows firm to calculate and pay interest any time during the period.

DTC, NSCC & Other Clearing Interfaces
Automated Position Reconciliation Reports
Benefit:
  • Allows firm to choose between daily, weekly and monthly reports. Eliminates time spent reconciling positions to the Clearing Corp.
Activity Interface
Benefit:
  • Eliminates duplication of entries as transmissions assure entries at DTC are automatically entered at CRI and vice versa.

Automatic Check Reconciliation
Automatic Tracking of Issued or to be Issued Checks
Benefit:
  • Prevents the recording of an identical check number twice.
Audit Control
Benefit:
  • Provides numeric check control for audit purposes.
Automatic Reversal on Voided Checks
Benefit:
  • Simplifies the process of voiding checks and provides a void check audit control.
On-Line Check Reconciliation Report
Benefit:
  • Simplifies cash account reconciliations and provides an outstanding check listing to be used in the EOM close-out process.
Automatic Accrual of Upcoming Expenses
Benefit:
  • Automates the accrual of expenses for End-of-Month financial statements
.

Bond Comparison System
Benefit:
  • CRI provides the contract sheets and allows you to stamp the advisories using our peripheral equipment.

Account Master Memo System
99 Different Memos Per Account
Benefit:
  • Improves communication between front and back office as Salespeople are notified via the on-line memo file of current account status
.
Automatically Purged
Benefit:
  • Eliminates manual updating of "scratch pad" as each memo is automatically purged on the date given at the time the memo was added.

Self-Directed IRA System
Method for Entering & Tracking Annual Contributions & DistributionsFrom the Plan
Benefit:
  • Eliminates third party IRA system. Avoids unnecessary cost of additional PC based software.
Federal Disclosure Reporting
Benefit:
  • Cost benefit, in that CRI does all End-of Year reporting including Magnetic Media to IRS and production of 5498, 1099R and W-2P forms.
Payout Eligibility Report
Benefits:
  • Eliminates manual tracking of IRA accounts. The system will automatically alert the firm of participants approaching the minimum or maximum payout age.
  • Reduces time spent managing trades for upcoming settlements, as the trades are automatically stored in an on-line file at the point of trade entry.

NSCC ACATS System
On-Line Asset Inquiry & Maintenance Functions
Benefit:
  • Eliminates incorrect assets being received/delivered through the automated system.
Multiple Transfers to Same Brokers
Benefit:
  • Reduces time spent acknowledging TIF's as all transfers to a like broker may be submitted at once.
  • Daily Updated Incoming/Outgoing Reports Acknowledging NSCC Input
Benefit:
  • Provides backup to information entered directly into NSCC system. Also provides hard copy reports showing time, and action needed to assure timeliness in acting on ACATS.

Multiple Collateral REPO System
Customer Profile that distinguishes collateral preference, various rate structures including net rate, scale rate, and special pricing. Also supports repo exposure and memo capability. These parameters allow the system to automatically assign up to 15 pieces of collateral.
Benefit:
  • It is as good as any PC based application on the market today. However, mainframe support allows interaction with the other facilities that CRI has to offer.

Omnibus Money Market Mutual Fund System
Allows the client to carry positions on the records of the financial institution. This system supports auto interest re-invest and money balancing control that enhances customer reporting and position balancing.
Benefit:
  • This omnibus, relationship driven, accounting system allows the financial institution to maximize customer monthly reporting and cross selling alternatives.

Variable Rate Accounting System (Lower Floaters)
Application provides a VRDB profile for the Issuer, tax lot accounting for customers, commission calculations, automatic billing and accounts receivable accounting.
Benefit:
  • This system was designed for the Remarketing or Co-Remarketing Agent desiring to minimize the traditional time consuming details of managing the customer and Issuer accounting requirements of the VRDB book.
  • The automatic Billing and Accounts Receivable system eliminates the manual effort often utilized and duplicated with a word processing system. The system provides up to 12 different methods of calculating the Issuer invoice. The system auutomatically calculates the Salesperson commission on a pre-defined basis and consolidates these values into the periodic payout routine.

ACH/Day Light Overdraft System
On-Us and Not-On-Us ACH processing in accordance with NACHA standards.
Benefit:
  • Allows the client to interact with financial institutions through the ACH process thereby reducing the traditional overhead of check writing, wire services, etc. This system also provides maximum opportunity of complying with T + 3 requirements.




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