Types Of Securities
- Fixed Income Securities
- Municipals, Government Agencies
- Corporate, Commercial Paper, BAs, CDs
- Amortizing Securities
- GNMAs, FHLMCS, CMOs, other derivatives
- Equities
- Common Stock, Preferred Stock, Convertibles
- Mutual Funds
MIMICS Customer Portfolio Management System Overview
MIMICS Customer Portfolio Management System is designed to allow you to track the portfolios of an unlimited number of customers. You can have any number of portfolios per customer, and each portfolio can contain an unlimited number of securities and currencies. Information regarding the type of portfolio; the portfolio manager, assistant and trader; and the customer's investment goals can be easily saved when setting up the portfolios. The customer can request a certain distribution of investments between Security Types, Earning Types, or Industries. These requested guidelines can be saved as well. The portfolio can also be tied to a Benchmark Portfolio for performance comparison.
The system maintains your customers' fixed income, equity, and MBS portfolio holdings. MIMICS handles both fixed interest bonds and floaters. It facilitates entry of your purchase, sale, and income transactions, provides price/yield calculations, and tracks transaction history. Projected Cash Flow reports provide your customers with the expected income of all of their holdings. Also included are Portfolio Performance reports.
Any number of operating accounts at different banks can be maintained for each customer portfolio. When processing trades, you can select the operating account from where the funds will be drawn from or proceeds deposited to. Manual deposits, withdrawals, and account transfers can be entered in the system.
As part of the standard processing, the MIMICS system captures the trade returns on a daily basis. Therefore, returns for any period can be analyzed statistically. The system provides statistical data on averages, deviations, internal rate of return, curve shape, alpha and beta, Sharpe ratio, Treynor ratio, and others. These values are available on a screen display, on reports, and graph displays. Duration and convexity of mortgage backed securities and CMOs are at your fingertips. The system projects your customers' income and rate of return.
If you track your customers' accretion and amortization, you can use the straight line method, constant yield, percentage pay down, or a hybrid. Mix the accretion and amortization methods within the portfolio. Amortize to maturity, to call, or to average life. Post entries monthly, daily, quarterly, or using your own schedule.
You can price your customers' portfolios at any time using a pricing service or you can price manually if your portfolio is small. This pricing is used for providing "available for sale" posting for FASB 115 compliance for banks. Mortgage backed factors can also be imported from a service in order to process MBS interest and principal payments. When exchange rates change, investments are automatically revaluated based upon the new rate.
The system can also track the basics of where your customers' securities are being held. Additional Vault Management Features are also available. As an optional feature, MIMICS can set up a Web Interface to allow your customers to log on to view and download reports and statements. MIMICS customizes all websites to match the aesthetic layout of your existing website.
The system provides useful context-sensitive help to assist in making choices during entry, and comes with a Help system that allows you to look up various features by content. All data files are encrypted. The system provides multi-level password protection. All menu selections can be password protected. Even fields and buttons can be protected. Profiles can be established for various job functions.
If you would like more information about our products and services, please fill out our online request form.