Built on a flexible multicurrency accounting engine IMS provides full daily accrual and pooled funds accounting for all positions. Accounting is consistent across the enterprise because a single data store serves as its centralised repository. IMS maintains detailed historic activity on portfolios, positions, trades, etc., back to the day an asset was introduced into a portfolio or the portfolio was opened.
Accounting capabilities
- Cash flows and valuations can be automatically projected allowing “what if” and side by side scenario analysis
- Multiple amortisation and accrual methods are maintained along with flexible accounting calendar options
- Supports side-by-side trade date and settlement date accounting
- Scheduled projections of dividends, interest and/or principal payments, fees, distributions and interest rate resets can be built and controlled by users
- A broad selection of trades and adjustments
- Costing (all tax lot costing methodologies are supported)
- Recognised and unrecognised income and gains
- Report gross and/or net payable accruals on the income statement or balance sheet
- Easily create and control sophisticated fee schedules based on assets, spreads, tiered levels, performance plus more
- Flexible pass-through methods for underlying portfolios
- Track interest rate swaps separately, or net, on a daily basis
- Complete real-time cash accounting, management and analysis (total liquidity available at all times)
- G/L integration
Strong accounting, reconciliation and audit controls
- Reconcile daily activity using integrated tools that automate the resolution of discrepancies with custodians, brokers and prime brokers
- Built-in detailed audit trails track changes
- Audit security is maintained via user rights that dictate who can alter historical instrument and transaction activity
