Date: Mon, 29 Dec 1997 20:54:52 GMT
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Position Accounting: A client may trade both long and short, both interest bearing and non-interest bearing securities in a single department. CRI maintains the daily accruals, accretion, market-to-market accounting and trading profit/loss .
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Benefit:
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- This feature allows you to control and minimize the number of trading departments that the accounting and trading departments have to interact with on a daily basis.
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On - Line System Edits of Eligible Versus Ineligible Securities for trading purposes.
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Benefit:
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- Maximizes the amount of ineligible income that may be derived with Tier II powers. Also, prevents a client from trading an ineligible security in an eligible department(i.e., prevent violations).
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Allows specific cost analysis by trader or group cost.
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Benefit:
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- With one department, individual traders have unique accounts that allow them to track their cost and related profit/loss. However, a single department may be used by 30 to 40 traders.
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On-line profit/loss reporting by manager and syndicate member.
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Benefit:
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- Syndicate inquirers may examine their positions and related profit and loss rather than foraging through voluminous reports.
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Closing Letter automatically created by the system allocating profit and loss based upon participation.
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Benefit:
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- System efficiency and timeliness of the system creation versus utilizing a secretary.
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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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Benefit:
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- Provides a quick glance report for the Underwriting Department to view year-to-date progress.
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New Issue Work Sheet supports the Syndicate Departmental Manager 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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Benefit:
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- 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 a continual re-faxing of information to the Sales force. The CRI New Issue Work Sheet is PC supported and allows on-line up-date for the purposes of automatically transmitting the information(via facsimile).
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Institutional Delivery(ID) system.
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Benefit:
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- No need to interact with the in-house DTC monitor.
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On-line Cash Management Summary.
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Benefit:
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- Your institutional clients can access today's trades, settlements, fail trades, and so forth with this application.
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On-line Position Statements.
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Benefit:
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- Your back office or your on-line clients can access position statements for the current day or up to the past six months.
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Receipt file or no receipt file - The choice is yours.
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Benefit:
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- Flexibility. Some clients hate to give up the receipt file.
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Credit Advice - Long or Short(or none at all) determined at the account master level.
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Benefit:
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- Flexibility. Long or Short if institutional client requests it. However, if the customer would rather receive our Broker/Dealer statement in lieu of the credit advice, then the client can be acknowledged within the account master.
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Call Bond - Lottery System:
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Benefit:
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- For those partial calls, we provide the same random call routine that DTC utilizes. In addition, we set up the payable after you approve the selected customers thus minimizing duplication of effort.
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NSCC Bond Comparison.
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Benefit:
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- CRI provides the contract sheets and allows the client the ability to stamp the advisories using CRI peripheral equipment.
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