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MIMICS Treasury Bill Management System for Central Banks Overview

MIMICS Treasury Bill Management System handles the management of the Treasury Bills and Notes from the Auction to their Maturity. Our standard system can be customized to your institution's exact needs. We work closely with you to build a software solution that accommodates your institution's unique operations and statement requirements. 

The Treasury Bill Management System has been designed to facilitate the Auction process by handling the applications received, allocating the applications and producing letters of acceptance or rejection. After the auction process, the system maintains and tracks the holdings. Accretion is calculated. Maturity payments are processed. Any number of reports can be printed. 

Our system allows the user to easily track the auction process. The auction is declared, including setting some default parameters such as the maximum discount. Full applicant information is stored, including names, addresses, contact information, etc. On the Tender Date, all application information can be loaded into the system. Once complete, the user needs only press a button for the system to allocate the applications appropriately. The allocation can be verified before finalizing. Certain values are calculated, such as the Average Discount Rate, Average Tender Rate, Market Rate and Re-Discount Rate. Upon finalizing, customized letters can be produced listing the amount accepted and the discount rate, or if the application did not meet the minimum accepted. The accepted applications at that point are converted into holdings. 

The holdings of each investor are tracked through the system. Reports can be generated in many layouts, including As-Of Reports. Transfers can be made and tracked. The accretion (or accruals) are calculated on a daily basis. Customer statements can be produced. 

Maturities Due Reports can be generated. Maturity processing is a simple process of choosing the date range for which you desire to process the maturities and pressing a button. The maturities will flag the holdings as being matured, but will retain their history. Maturity payments can be made by check, direct deposit, or wire. 

We work closely with you to establish the accounting rules required by your institution. The system can automatically generate accounting entries from your daily operations and create a daily or real-time export file. 

The Treasury Bill Management System easily interfaces with external systems allowing you to import or export current data and information. 

An extensive list of reports is included in the system. They include detailed information about auction allocation, holdings, and maturities due. 

If you would like more information about our products and services, please fill out our online request form.