Date: Mon, 29 Dec 1997 20:54:42 GMT Server: Apache/1.2.4 Last-Modified: Wed, 28 May 1997 21:31:03 GMT ETag: "2f8ec-4070-338ca417" Content-Length: 16496 Accept-Ranges: bytes Connection: close Content-Type: text/html Computer Research, Inc. Institutional Safekeeping Services


Institutional Safekeeping Services



Receipt File On-Line Cash Management Function
Safekeeping Trade Entry Foreign Denominated Trades
On-line Pending Transaction File Transfer Agent & DTC Participant Inquiry File
Automated Principal, Interest & Redemption System Lottery for Called Bond System
Pledge System Statemment Reporting
Audit - Verification Statement IRS Tax Reporting
Security Master


Receipt File
Automatic Assignment of Receipt Number by System
Benefit:
  • Eliminates duplicate receipt number assignment, and manual assigning efforts.
Allows Tax Lot Accounting
Benefit:
  • Permits customer choice in selling/delivering positions to obtain best available tax consequences.
On-Line Inquiry to Individual Receipts
Benefit:
Minimizes back office research by providing Acquired Date, Next Interest Due Date and Amount, Pledge Information, Principal Money, and Total Position on one screen.
On-Line Receipt File Maintenance
Benefit:
  • Money saving tool used to correct errors that do not affect the total par or principal money amount, (i.e., correct Where Held code.)


On-Line Cash Management Function
Real Time Tracking of Daily Net Settlement Money Balance
Benefit:
  • Eliminates manual pursuit of incoming/outgoing monies.
Availability to Third Party Correspondents
Benefit:
  • Eliminates telephone communication between your back-office and the Third Party Correspondent.
End of Day Settlement Figure
Benefit:
  • Reduces risk of incorrect figures for the overnight REPO amount.


Safekeeping Trade Entry
Letters of Instruction
Benefit:
  • Provides an easy, user-friendly, mechanism for entering Letters of Instruction. Confirmations are available at the point of entry.
Correspondent Trade Entry
Benefit:
  • Minimizes firm's staffing requirements by having sophisticated third party correspondents enter their own trades.


Foreign Denominated Trades
Trades may be entered in foreign denominations with as little information as the exchange rate.
Benefit:
  • Eliminates the manual process of figuring foreign monies.
All Major Foreign Currency
Benefit:
  • Allows all foreign currency trades to be processed therefore, eliminating the question of Can we do it, or not?


On-line Pending Transaction File
On-line review of all trades, receives/delivers, LOIs, etc., that are pending settlement.
Benefit:
  • Allows firm to make the final decision to "OK" trades entered by a third party correspondent. Reduces errors and saves money, (trade charges) on Cash trades, as they are immediately available for modification or reversal.
On-line list of Trades that are in a "Failed" status.
Benefit:
  • Eliminates need for hard copy report of failed trades. Allows user to change the fail status of a trade with one keystroke.


Transfer Agent & DTC Participant Inquiry File
On-line review of all Transfer/Paying Agents including address, phone number, and contact name.
Benefit:
  • Minimizes firm's manual research of a paying agent and allows user to automatically put a position into transfer receiving a hard copy form for the transfer "tickler" file.
On-line inquiry capabilities to all DTC Participants complete with participation eligibility in SDFS and NDFS.
Benefit:
  • Reduces time spent looking up participant numbers/names in hard copy NSCC reference books.


Automated Principal, Interest & Redemption System
Automatic Set-Up of Pending Payable
Benefit:
  • Allows firm to review pending payable for customers up to two weeks in advance of payable date greatly reducing payout errors.
6 Month Factor History File
Benefit:
  • Assures integrity of current month Principal as well as reducing time spent researching factors of established products. The factor file for GNMA/FNMA/FHLMC products is provided at no cost to the firm.
Flexible Payment Schedules & Methodologies
Benefit:
  • Customer choice to be paid by check or to have money automatically deposited to 1 of 4 different ACH DDA/SDA accounts.


Lottery for Called Bond System
Automatic Set-Up of Calls/Partial Calls with limited information required.
Benefit:
  • Performs fair and equitable DTC approved random lottery for choosing which customer's position will be called, then automatically sets up the redemption and if necessary, the interest payable.
Called Bonds Report
Benefit:
  • Eliminates need to go through all announcements from Clearing Agents as CRI searches on-line position file before notification of a call.
Call & Put Notification Letters
Benefit:
  • Reduces time spent contacting clients with called bond information, letters are produced and printed on-line.


Pledge System
Complete on-line Pledgee Name/Address File
Benefit:
  • Reduces time spent typing Pledgee Name/Address as the file is set up with alpha/numeric code one time.
Pledge Maintenance File
Benefit:
  • Cost benefit in being able to change incorrect pledge locations without having to make entries to the system that you will be charged for.
Release of Pledge Before Maturities are Paid
Benefit:
  • Eliminates the need to remove from Pledge as Maturities are not paid until position has been released.


Statement Reporting
Compliance with regulatory customer statement reporting requirements
Benefit:
  • Eliminates unnecessary distress about compliance issues.
Flexibility at the Firm & Account Level
Benefit:
  • Cost benefit in choosing a quarterly rather than monthly cycle and allowing customer statements to be suppressed. Choice in allowing customers to receive statements even when no activity has taken place.
Provides a Profusion of Information
Benefit:
  • Eliminates the customer telephone calls asking to be informed of such information as Market value of position, last date of trade, year-to-date taxpayer information, etc..


Audit - Verification Statement
On-line access to a "customer ready" position statement that is available for any date for the last 180 days.
Benefit:
  • Eliminates need to "piece" together the customers holdings at a later date.


IRS Tax Reporting
Entry Codes & Security Master are Used for Determining Tax Status
Benefit:
  • Eliminates guesswork on the tax status of principal paydowns and interest payments as well as gross sale proceeds on 1099 reporting.
Consolidated and Laser Printed 1099s
Benefit:
  • Eliminates massive amount of typing and mailing of customers' very important tax documents.
Magnetic Media 1099 IRS Reporting
Benefit:
  • Required for more than 250 accounts, however, the integrity of CRI's magnetic media reporting has been proven year after year.
On-line function for 1099 Corrections
Benefit:
  • Allows customers to correct and make changes that affect the 1099 to be submitted to the IRS for up to 8 months into the next tax year.
Intangible Tax Reporting
Benefit:
  • Eliminates manual reporting for the states that require intangible tax be reported.
Foreign Accounts
Benefit:
  • Eliminates manual reporting of the IRS 1042S form. Also eliminates compliance issues by tracking the IRS W-8 and 4224 forms.


Security Master
Automated Third Party Pricing of securities including Mortgage Backs and Municipals.
Benefit:
  • Eliminates front office locating prices and back office updating the security master.
Security Memo ("Scratch Pad") Capability
Benefit:
  • Enhances communication between front and back office by allowing users to add memo information to the security description.



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