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
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.
Supports both machine and phone orders for equities and options across U.S. exchanges, the OTC marketplace, and third market providers. | |
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Enter Trades Directly into Bloomberg Terminal | |
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Trader Offering: Establish on-line sales credits and offerings. | |
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Salesperson Trade Entry | |
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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. | |
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On-line profit/loss reporting by manager and syndicate member. | |
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Closing Letter automatically created by the system allocating profit and loss based upon participation. | |
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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. | |
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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. | |
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Yield and dollar price computations for fixed income products. | |
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Allows the client to properly enter TBA trades and subsequently allocate the position within PSA Standards upon the final issuance of the security. | |
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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". | |
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On-Line Branch Order Entry System | |
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Open Order Storage File | |
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Consolidated Activity of Security Positions | |
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No Commission on Reinvested Shares | |
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Reinvest or Receive Cash | |
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Flexibility in Choice to Reinvest | |
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One Statement to Customer | |
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Trades Executed Through Brokerage Firm | |
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Fully Automated Interface with NSCC Fund/Serv System | |
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All Levels of Networking | |
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Parameter Driven Maintenance Requirements | |
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Automatic Account Restriction | |
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Automated Margin Interest Calculation | |
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Allows up to 10 Different Effective Dates & Rates | |
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Up to 8 Different Deviation Limitsin Account Balance | |
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Mid-Month Interest Calculations | |
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Automated Position Reconciliation Reports | |
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Activity Interface | |
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Automatic Tracking of Issued or to be Issued Checks | |
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Audit Control | |
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Automatic Reversal on Voided Checks | |
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On-Line Check Reconciliation Report | |
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Automatic Accrual of Upcoming Expenses | |
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99 Different Memos Per Account | |
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Automatically Purged | |
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Method for Entering & Tracking Annual Contributions & DistributionsFrom the Plan | |
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Federal Disclosure Reporting | |
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Payout Eligibility Report | |
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On-Line Asset Inquiry & Maintenance Functions | |
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Multiple Transfers to Same Brokers | |
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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. | |
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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. | |
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Application provides a VRDB profile for the Issuer, tax lot accounting for customers, commission calculations, automatic billing and accounts receivable accounting. | |
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On-Us and Not-On-Us ACH processing in accordance with NACHA standards. | |
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