Disparate programs - With a number of trusts spread amongst various programs with separate brokers and dealers, it is a difficult task for money managers to monitor the portfolio of active trusts and actively trade with this portfolio.

Monitoring exposure of third party – The exposure to various third party providers for the trusts in the portfolio cannot be adequately monitored as aggregate statistics on programs held under various brokers and dealers unless trusts are combined locally and calculated manually.

Manual calculation of profit and loss – The floater and residual interests reported by various brokers and dealers are in different formats and hence final Profit and Loss calculations on the program have to be manually computed and monitored.

Inadequate monitoring of shortfall – It is difficult to adequately monitor the shortfall associated with underlying collaterals thereby making it impossible to maintain the active trusts through frequent events and activities.

Disparate Reporting – With such disparate reporting it is difficult to evaluate benefits and risks associated with a particular broker/dealer and hence any subsequent advantages obtained by choosing a particular broker/dealer are minimized

MuniManager allows active trusts to be categorized under various programs with support for implied and specified waterfalls, defaults for third party participants and programs, fee definitions, accounting rules, calculation and display rules. All reports and aggregate statistics can be run on a combination of programs thereby allowing the money managers to adequately generate any required parameters.

All cashflow and payment date reports can be run on a portfolio thereby allowing money managers to compute overall Profit and Loss numbers for a set of active trusts from various brokers and dealers.

MuniManager allows import for rates and interest files from various brokers and dealers thereby allowing a portfolio view for a set of active trusts. All underlying bonds can be evaluated daily for monitoring any potential shortfall scenarios allowing money managers to adequately manage a set of trusts.

Support for import of trust data along with amortization/accretion schedules along with full capabilities of Trust Structuring Editor to handle all types of different types of trusts including pooled trusts, multiple bonds, lots, floater and residual certificates, automated links to third party sources for bond reference data.

Support for auto import of floater certificate rates into the system thereby allowing for auto generation of payment date and MTD, PTD, YTD cashflow reports aggregated by programs or periods. 

Support for a number of reports targeting frequently requested operations, generic query reporting engine for adhoc queries, cashflow reports, marketing and sales reports, program management reports etc.

Efficiency in operation: With the auto generated Profit and Loss reports, cashflow and payment date reports for various trusts under management by different brokers/dealers, the number of manual processes related to day-to-day program operations have been significantly reduced.

Better monitoring of risk: With up-to-date reporting on individual trusts and monitoring of risks associated with underlying bonds, money managers are able to more actively trade in the existing portfolio thereby offering the potential for subsequent gains.

Upgradeability of the system: With scenario analysis in MuniManager application, money managers are able to evaluate new trust structures and trading associated with such trusts. This has resulted in new types of trust programs, use of asset classes previously unavailable and use of existing trust structures to better leverage client funds.

Better Performance and Maintenance of trusts: With a centralized server servicing all active trusts along with feeds from various brokers and dealers, the maintenance of the programs has been significantly improved. The increased performance through a dedicated application has allowed more programs and client funds to be included into the trusts domain.

Links to other systems: The MuniManager application seamlessly links to all other internal systems used for day-to-day operation of the Muni program. With a single point of entry the information is supplied to all downstream systems. All feeds from brokers/dealers, trustees and floater rates are directly fed into the system.