Maintain accounts in real-time, split holdings across locations, and ensure safekeeping with a robust reporting suite that includes client activity statements, internal management reporting, 1099 reporting and more.
Safekeeping Genius
Improve management of custodial clearance and custodial functions
Safekeeping Holdings, Movements, and Control
Split holdings between multiple locations and safekeeping statuses. You may also access real-time history of movements by location or holding company online. It is also possible to restrict online access to holdings on the sales floor. Safekeeping Genius is fully integrated with our Portfolio Genius and Trader systems.
Reconciliation and Control
Manage and report on client accounts. Forecast projections for five days (up to thirty days in advance of payment), manage interest and principal payments with separate payment codes on the customer and individual receipt levels, and float payments (independent of delay) on location, paying agent, or security.
Safekeeping Genius Features
Pledging
Designate pledges during the trade entry process and link multiple pledges to a holding. Customers can also designate pledge maintenance as a separately permissible function, independent of trade entry. All pledges within the Custodial Reconciliation and Safekeeping Module allow for a full line of description associated with the pledge ID and two full lines when viewing the individual pledge record.
Billing
Link month-to-date and quarter-to-date billing schedules to locations, customer types, and individual customers. The fee schedules allow billing for standard activity as well as aggregate par and allow for the application of a minimum fee. Easily distinguish billing from safekeeping or trading with separate code and account numbers (DDA, savings, etc.) for billing.
Account Management
Access current market data and trading settlement activity, pending activity, income projection, and year-to-date 1099 information with client activity statements. Customers can control how frequently these statements are distributed to your clients. Receipts are also generated for all safekeeping items and corrected receipts generate automatically with a full description of the changes made. These can be requested or reprinted online.
