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Instruments
IMS is a robust portfolio management and accounting solution that uses state-of-the-art
technology to provide accuracy in real time. It accurately accounts for most
negotiable and non-negotiable instruments, including equities, CMOs, TIPS, convertibles, corporate
bonds, synthetics, pooled synthetics, money markets, and derivatives.
Participant accounting for almost all types of mutual funds (NAV, $/Shr). Fund unitization is
integral to the
system.
Comprehensive Fixed Income Software:
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Specify how an instrument should automatically reset from an applied benchmark.
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Track the daily accrual and inflation adjustments for TIPS.
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Project PSA prepayment factors on CMOs using the appropriate business days.
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Maintain collateral on investments such as REPOs, reverse REPOs, and derivatives.
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Control pass-through activity from underlying portfolios.
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Maintain various yield curves for use in valuation analysis.
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Accurately mark-to-market futures, swaps and forward positions.
Then project cash flows related to margin both in and out of the account.
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Perform fixed income performance measurements using GIPS-approved modified Deitz and time-weighted rate of returns.
Structured Product Issuance and Management:
IMS supports the complete accounting and active management of synthetics, pooled
synthetics (multiple contracts collateralized by the same pool),
stable value instruments,
bank loans and private placements, as well as CDOs, CLOs, Swaps and other Derivatives.
Users can track contract terms in detail.
- Securitize almost any collection of assets, and value the resulting derivatives using many different methods.
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Track the book-to-market ratios on contracts, and calculate crediting rates using your own devised crediting rate algorithms. Also track gross and net valuations
using IMS’ complete stable-value accounting software functionalities.
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Mark-to-market Private Placement assets, such as by discounting cash flows at the appropriate rates from a yield curve.
Sophisticated Mutual Fund Accounting Software:
IMS accounts for funds and their participants in real time.
As valuations in a mutual fund’s underlying positions change, the fund’s
NAV immediately reflects the new valuation. Portfolio assets can be reported as either
units or the underlying assets at market value.
Typical fund types include dollar-per-share and non-dollar per share funds.
- Hedge Fund Accounting Software: IMS supports full investment and participant accounting for hedge funds and funds of funds.
- Unitized Fund Accounting Software: Price, account for, and track unit investment trusts, as well as their underlying assets and participants.
- Health Care Savings Accounting: IMS supports the complete accounting for Health Care Savings Accounts and
their associated Health Care Savings Units.
- Money Market Accounting Software: Integrated SEC Rule 2a-7 and UCITS compliance saves time and improves the
accuracy of your trading decisions
for money markets.
Equity:
Model your portfolios to benchmark weightings such as the S&P 500. Perform portfolio
attribution, including multi-currency attribution, and compare performance of portfolios
or composites to benchmarks. Manage modeling, weighting, unitization, and contribution,
all with integrated customer reporting.
True Multi-currency:
IMS is a true multi-currency accounting system. A specific base currency is not required for currency transactions
or holdings; IMS will include currency conversions
when required as a separate but related transaction. The system will report positions in the local currency, the converted base currency,
or both. Gains and losses can be reported
in multiple currencies.
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