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MuniManager - ASP |
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We are proud to release a hosted
version (ASP) of our successful MuniManager product. The
MuniManager™ system combines Trust Creation and Management
with credit analytics, and monitoring tools designed to save
time collecting and fielding data, identifying trading
opportunities, assessing credit risk, and organizing
historical credit reviews and ratings specifically with
Municipal securities in mind.
The ASP version of the MuniManager system has an intuitive
user interface that has been developed to make efficient use
of time. It allows Traders to create new trusts and maintain
existing ones; Controllers to generate daily, weekly and
monthly P&L reports; Managers to get summary reports of
trusts by business line, issuer, or other criteria. The
system also provides detailed audit trails to allow users to
view the history of edits by user, trust and dates.
Administrators of the system can seamlessly add, edit and
maintain users accounts and permissions. The system can be
configured to produce file outputs, which can in-turn be
used to feed information directly from the hosted
application to a number of in-house upstream and downstream
applications to enable straight through processing from
Front office to Back office applications. A number of
processes related to bookkeeping, general ledger, accounting
and financial controls can be seamlessly handled through
this process.
On-demand web-based licensing of MuniManager™ alleviates
the customer's burden of equipping oneself with a dedicated
application for every conceivable requirement in the Muni
business. It also reduces ongoing application maintenance,
costs of ongoing technical support services for the customer
thereby contributing to significant reductions in the cost
of running a Muni TOB business.
MuniManager™’s On-demand licensing enables the customer to
receive industry standard structuring functionalities for
Muni TOBs at an affordable and flexible cost structure.
In addition to the advanced functionalities, our web-based
delivery model is specifically designed to
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Reduce the up-front capital expense
of software purchase and customization. |
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Reduce the ongoing investment in
server hardware, hosting environments and maintenance costs. |
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Provide more feature requests from
users since there is frequently no marginal cost for
requesting new features; |
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Provide faster releases of new
features since the entire community of users benefits from
new functionality; and |
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Make available functionality at
recognized best practices. |
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Here is a summary of functionalities
and the benefits MuniManager™ provides to business users.
Key Functionalities of the MuniManager System:
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A centralized database and system
for the Municipal trust programs providing robust and rapid
access along with the ability to house all trust programs in
a single system. Historical data can be stored allowing
comparison to prior periods; the cash-flow generator handles
all types of trust programs to produce all types of
customized reports. |
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Support for a “Trust Structuring”
editor to handle multiple underlying assets, lot entry,
allocation methods for matching multiple floater and
residual certificates with underlying assets, upfront and
ongoing fees specifications, audit tracking of changes,
amortization and accretion schedule generation, ticketing of
settlement costs, calculation support for determining
leverage percentage allocations to floaters and residuals. |
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Support for innovations in program
structures with implied and specified waterfalls, defaults
for third party participants and programs, fee definitions,
accounting rules, calculation and display rules. |
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Support for events and activities
for regular maintenance of active trusts along with
regeneration of amortization and accretion schedules as
necessary. Event types include bond acquisitions, issuer
redemptions, partial collapses, pre-refunding, full
collapses, releverage, mandatory tenders, and base price
changes. |
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Cash-flow generation for various
asset classes (VRDN, Fixed Rate, Zero Coupons, Step Up
coupons etc.), along with daily flows aggregated by period
or a range of dates, floater and residual interest
computations and support for events. |
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Support for a number of reports
targeting frequently requested operations, generic query
reporting engine for ad hoc queries, cash-flow reports,
program management reports. |
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Benefits to clients using the MuniManager System
With the successful implementation of MuniManager™, a
client can expect the following benefits to its business:
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No delay in trades: The issue
of delays due to errors or losses due to hardware or
software errors is addressed through a database system that
has duplication of data, failsafe recovery mode, and
traceable, recorded audit logs of all changes to the data. |
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Improved
Performance of trading operation through STP: With a
centralized server servicing all requests along with special
routines to address calculation intensive processes, and
straight through processing of the trust creation process (STP),
the performance of the entire trading operation has been
significantly improved. |
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Exposure to Third Party
Designees of the Client: Need to have legal counsel access a
Term Sheet? Want to give a custom view of trusts of a
residual holder’s trusts? Third-party users can be given
limited access to reports the client controls. Save time and
money integrating into the firm’s portal site with
restricted access rights to specific screens offered through
the MuniManager ASP system. |
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Upgradeability of the system: Innovations to the trust
program are much easier by the implementation in a single,
centralized system. Every user has access to different parts
of the same system. Specific innovations such as multiple
floater certificates, lease collateral, and proprietary
trusts based on the market value of underlying collateral
have been successfully implemented through the system and
kept specific to a client. |
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Efficiency
of execution: Uniform rules implemented, tested, and
checked in a single system eliminates the duplication of
calculations required in a separate trust-per-spreadsheet
based process and also eliminates the manual entry of same
base information to various internal systems. |
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Links to
other systems: The MuniManager™ application can be
linked to internal systems used for the management of the
Muni program. With a single point of entry the information
from the system can be supplied to all downstream systems
using flat files or JAR files. All feeds from third party
sources, Securities Master Database, Trustees, floater rates
etc can also be similarly fed into the system. |
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Compliance: With MuniManager™ regulatory requirements
are addressed through the implementation of a system that
provides a single picture to all parties of the trust
program. Contractual commitments, exposure, and liabilities
are easily and quickly accessible; changes are audited
throughout with reporting capabilities built-in. |
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Program Definition
Amortization Accretion Schedule
Trusty Entry Screen
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