- Taxable & Non-Taxable Bonds
- Price/Yield Calculations
- Tax Calculations
- Straight Line or Constant Yield
- Calculate Book Value
- Saves Securities
- Saves Customers
- Saves Swaps
- Recalls Swaps for Modifications
|10701 Lomas NE|
|Suite 218||505-332-9220 (voice)|
|Albuquerque, NM 87112||505-332-3148 (fax)|
MIMICS Bond Tax Swap System provides you with a flexible method to design your own swap. The Held bonds can be either taxable issues or non-taxable. You can consider one or more bonds in your Held bond portfolio. You can let the program calculate the profit or loss of your Held bonds on a straight-line or constant yield basis, or you can plug your own book value of the bonds.
You can also have any number of bonds on the purchase side. These bonds can also be taxable or non-taxable. The swap program will calculate prices and yields on both the held side and the purchase side, so there is no need to calculate dollar prices on one system, and to plug them into the swap program. The swap takes into account the applicable tax rates, the profit or loss on the bonds currently being held, and the bond life of the two groups. After you enter the swap, the system can print a statement that will list the parameters of the swap, and the time to recover if there is a loss. It will also graph the recovery line.
The MIMICS Bond Tax Swap System user interface is easy to use with all of the data entered and all of the results presented on one screen. The results can be printed for your own use and a custom form can be printed for the customer. Customer information, Security (CUSIP) information, and the swaps themselves are saved for future reference.
If you would like more information about our products and services, please fill out our online request form.