Fund Portfolio

The MIMICS Fund Portfolio Management software module will organize and simplify the processing requirements for funds, managing the portfolios of securities and calculating the Net Asset Value (NAV). Our software will handle any number of funds and it provides all of the functions right down to printing the confirmations and checks, as well as reporting to the appropriate taxing authorities.

The module maintains the portfolio of securities comprising the fund. It handles both short and long positions. It can handle a wide variety of securities including fixed income and their derivatives, equities and their derivatives. Optionally, our software handles commodities and foreign exchange instruments. Securities can have fixed or variable rates and can be foreign or domestic.

You can segregate your securities and automatically prepare all of your compliance reporting. Interface with your own general ledger system according to your own accounting rules or use the embedded General Ledger module with full accounting capabilities. The software can handle an unlimited number of portfolios, and it maintains your holdings, income, and transaction history. It also projects your income.

Amortize or accrete using straight line or constant yield. 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.

Interest is accrued on a daily basis. History is saved for Month To Date, Accounting Period To Date, Payment To Date, Year To Date, and Life To Date interest accrual. Projected interest income is also projected.

You can segregate your securities and automatically prepare all of your compliance reporting. Interface with your own general ledger system according to your own accounting rules or use the embedded General Ledger module with full accounting capabilities.

MIMICS determines the entries to be made following your own accounting requirements and will even pass entries to an external GL, and for banks, DDA systems, without additional entry on your part. For example, you may book payments on payment date, or perhaps you don't book the payments until they are received. In this latter case MIMICS can create a receivable from the paying agent and a payable to the particular portfolio.

You can have your portfolios segregated into Available for Sale or Held to Maturity or you can mix them in the same portfolio. Fed Call Reports and FAS compliance reports are available for printing.

Included are cash accounts, expense entry and posting, 12b-1 fees, additional tax reporting, NAV calculation, and all of the other features required. Our software interfaces with trade data imports, pricing imports, and factor imports.

You can price your portfolios at any time using a pricing service such Reuters, Bloomberg and FT Interactive Data, or you can price manually if your portfolio is small. This pricing is used for providing "available for sale" posting for FASB 115 (IAS 39) compliance for banks. Mortgage backed factors can also be imported from a service in order to process MBS interest and principal payments.

The fund can be marked to market at any time and our software will calculate the Net Asset Value.

When exchange rates change, investments are automatically revaluated based upon the new rate.

Our software facilitates entry of your purchase, sale, and income transactions; provides price/yield calculations; tracks your transaction history; and calculates your tax obligation. A Projected Cash Flow report provides you with the expected income of all of your holdings. Also included are screens that allow you to drill down into the data.

The portfolio also manages other income and expenses. The expenses, such as management fees, can be recurring or entered as they occur. Each portfolio can have its own cash accounts that our software manages. Margin accounts can optionally be used. Our software provides for stock splits, dividend payments, fixed income interest, mortgage backed securities pay downs, calls, puts, maturities, and other corporate actions.

Performance and Risk Analysis

The optional MIMICS Performance and Risk Analysis module, captures the trade returns on a daily basis. Therefore, returns for any period can be analyzed statistically. The module 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 displayed as graphs. Duration and convexity of mortgage backed securities and CMOs are available. The module projects your income and rate of return.

It also calculates your tax obligation, and a set of convenient reports is provided. There are also advanced risk analysis features including calculating VaR and Volatility, graphing and analyzing the Yield Curve.

Other advanced risk analysis features include performing Stress Testing and Rate Sensitivity analysis. The module can also track Credit Rating Risk.

Using the MIMICS Portfolio Performance & Analysis Module, you can track the returns and performance of the portfolio as a whole, and securities individually on a daily basis.

Data Providers

Our software interfaces with virtually all service bureaus such as Reuters, Bloomberg and FT Interactive Data.

Email Option

The email option allows customer forms such as confirmations and statements to be encrypted and emailed automatically.

Web Interface

The Web Interface Option allows your customers to access a web page containing reports and queries of their account information.

Report Writer

The Report Writer Option allows the review of activity within any parameters defined. History capture combined with the report writer gives you a tool for creating virtually any kind of report using the data entered or calculated by our software. If you do not want to use the report writer, MIMICS will create reports based on your requests.

You can export the reports to a pdf file, spreadsheet, word processor, and other different formats. The reports may be merged with external data to help create reports on a different level.

Pension Administration

The MIMICS Fund Portfolio can interface directly with the MIMICS Pension Administration module for full pension management from front to back.

Mutual Fund Admin

The MIMICS Fund Portfolio can interface directly with the MIMICS Mutual Fund Administration module for full mutual fund management from front to back.

Type of Securities

• Fixed Income Securities such as Municipals, Governments, Agencies, Corporate, Commercial Paper, BAs, CDs
• Equities such as Common Stock, Preferred Stock
• Fixed Income Derivatives such as GNMAs, FHLMCs, CMOs and other derivatives
• Commodities Forwards, Futures, Options and others (Optional)
• Mutual Funds

Security Features

• Rates: Variable, Pegged
• Fixed Income Features: Calls, Puts
• Amortizing Securities: Manual paydowns using actual amount or factor, import factors from a factor
• Handles both long and short positions

Accounting

• Periods: Daily, Monthly, Quarterly, Semi-Annually, Annually, User-Defined
• Posting: Discount Accretion, Premium Amortization, Interest Accrual, Mark to Market, MBS Paydowns
• Accretion and Amortization Methods: Straight Line, Constant Yield (to maturity, to call, to average life)
• Accruals: Simple, Compound
• User-Defined Accounting Rules accepts imports
• Exports: To any GL and/or DDA system that accepts imports
• Margin Accounts

Portfolio Types

• Treasurer
• Affiliate
• Customer
• Trust
• Mutual Fund
• Held to Maturity
• Available for Sale
• Trading

Security ID handling

• Securities stored by CUSIP, ISIN, Common, or any other code
• Issuer CUSIP information is retained
• Security information for a trade may be created on-the-fly

History Display

• Display transaction history instantly
• Drill down to more detail

Graphs

• Portfolio composition by security type
• Cash flow projections

Interfaces

• Pricing Import
• Factor Import
• CUSIP Import
• MIMICS Safekeeping Software
• MIMICS Portfolio Performance & Analysis Software
• MIMICS Forex Software
• MIMICS Repo/Reverse Repo Agreements Software
• GL Export
• DDA Export
• Trade Import

Maintenance Features

• Purchase Securities
• Sell Securities
• Cancel Trades
• Calculate NAV
• View Portfolio Holdings & Drill Down
• Stock Splits and other Corporate Actions
• Repricing: Manual update or automatically by import
• Factors: Manual update or automatically by import
• Rates: Manual update of rates or pegs or automatically by import
• Dividend Payments: Manual update or automatically by import
• Interest Payments: Manual update or automatically by import
• Short Sell
• Cover Short
• Modify Security
• Modify Trade
• Maintain Cash Accounts
• Security Pledging
• Portfolio Expenses

Security Information

• Paying Currency
• Pay Agent
• Security Type specific information such as pool number, call schedule, convertible features

Contra Party Information

• Look up by ID number, CIF number, or Short Name
• Demographic/Mailing information
• Categorical Information: Account Type, Customer Type, Salesperson, Corporate Position
• Other Contact Information: Payee, Trustee, Secondary Customer, Alternate Address, Broker
• Accounting defaults, account numbers and currency
• Trade preference information
• Tax information and defaults – US and other taxing authorities

Historical Reporting

• Detailed Transaction Activity
• Activity for Statements
• Customer History

Security and Audit

• Password protected by menu item
• Protection down to field and button level
• User profiles
• File encryption
• Complete chronological audit trail

Standard Reporting (partial list)

• Transactions
  • Daily Transaction Report
  • Acquisitions
  • Redemptions
  • Cancellations
  • Trade Date Blotter
  • Settlement Date Blotter
• Positions
  • Settlement Date Inventory
  • Trade Date Inventory
  • Fails Report
  • Holdings by Security Type
  • Maturity List
• Accounting Reports
  • Net Asset Value Report
  • Net Asset (From Portfolio) Report
  • Market Value Report
  • Accounting Report
  • Accretion/Amortization
  • Interest Accrual Report
  • Interest Received by Where Held Code
  • Dividends Received by Where Held Code
  • Security Accounting Modifications
  • FASB 115 Gain/Loss Report
  • Mark to Market Report
  • Cash Flow Projection
  • Fed Call Report
  • Cost of Carry Report
  • Security Gain/Loss Report
  • Trial Balance
• Status Reports
  • Safekeeping Report
  • Pledged Securities
  • Unpledged Securities
  • Maturities Due Report
  • Interest Due Report
  • Callable Securities
  • Putable Securities
  • Distribution by CUSIP
  • Distribution by Security Type
  • Distribution by Maturity Date
  • Distribution by Put Date
  • Distribution by State (Municipal Securities)
  • Distribution by Rating (Municipal Securities)
• Summary Reports
  • Transaction Summary
  • Accounting Summary
  • Safekeeping Summary
  • Pledged Securities Summary

Standard Reports (consolidated)

• Accounting Report
• Security Acquisitions
• Interest Due
• Maturities Due
• Distribution by Maturity Report
• Holdings by Security Type
• Distribution by Security Type

Optional Embedded Report Writer

• Easy to use Columnar Reporting
• Free Form "Statement" Type reports
• Mathematical Calculations
• Multiple line item reporting
• File export to other packages

Form Printing

• Mailing labels user-defined
• Check Register
• Holder/Payee Report
• Inactive Account List
• Customer History

Historical Reporting

• Detailed Transaction Activity
• Activity for Statements

Corporate Actions

• Dividents
• Bonus Shares
• Splits
• Mergers
• Calls

Portfolio Accounting

• Expenses
• Revenues
• Management Fees
• Incentive Fees

Payment Receipt

• Cash Flow Projections
• Receive Interest
• Receive Paydowns
• Receive Dividends
• Receive Maturities

User-Defined Features

• User can "customize" our software for their own use through a simple menu
• Supports multiple printers, printer ports and printer features
• User-defined fields for retention of information, sorting and reporting