| |
The Dividend Mapping Module automates income processing for assets using
record-date calculations.
It includes processing of: |
| |
- Cash dividends from common and preferred stock
- Interest from CDs, bonds and other fixed income assets
- Cash dividends and capital gains distribution from declared-date mutual funds
- Reinvested dividends and capital gains distribution from declared-date mutual funds
-
Income and capital gain distributions from a pooled fund
|
| |
The module creates income transactions in a hold status. After you verify real-world income amounts,
you can release the transactions to proof and post to the ledgers for each account. It also includes
features to reconcile TRUSTprocessor asset holdings compared with record-date or ex-date positions
at your custodian.
This module is fully functional whether or not your office uses a pricing service interface. |
The Dividend Mapping Module adds value to the core system by … |
| |
|
| |
- saving setup time by allowing the Cash or Reinvest designation to be set up for each asset.
If the asset is set up to allow account-level overrides, any account can have a different designation
than the asset.
- streamlining the calculation of income for all assets with a certain range of pay dates
in a single process -- or the flexibility to process a single asset.
- saving time by automating the creation of income transactions for each account that owns an
asset and reducing the possibility of human error.
- calculating an accurate position of each account’s holding as of the Ex-date or Record
date by using transaction history. This is more powerful than the bulk posting of these
transaction types, which would be based on current holdings.
- allowing flexibility for adjusting the income rate if your policy is to retain a percentage
of the income as a management fee.
- providing a report to simplify the verification that the
system-calculated
totals match the income received.
- allowing adjustments to any system-calculated transaction before posting to the
account ledgers.
|
| |
- Market Pricing Interface imports dividend and capital gains announcements from
Interactive Data. This module can also update the interest rate and payment date for fixed
income securities.
- Tax Forms produces 1099-DIV and 1099-INT forms.
- Daily Accrual Income processes assets that pay based on daily balances.
|