Bond Accounting System
The Information Technology, Inc. Bond Accounting System (BAS) is a critical element of a
well-managed and profitable investment portfolio. Investment decisions are surrounded by
an ever-expanding network of data. By providing reliable, concise information at the right time, BAS helps financial officers reduce the inherent risk in securities investment.
Features
· Complete accounting and analysis
· Five types of securities
· Automatic market pricing
· FASB 115 market value reporting
· Full online access
· Up-to-date accruals, amortization, accretion
· Analysis reporting and forecasting
· Online buy and sell comparisons
· Six yield calculations and duration
· Record keeping
· Integration with the ITI General Ledger,
Asset Liability Management and
the Repurchase Agreement Reporting Module
Complete Accounting and Analysis
BAS is the total solution for the control and management of an investment portfolio. BAS is flexible enough to handle all types of investments available to financial institutions. Complete online access, online security control, transaction entry, automatic accrual, amortization and accretion, exception and analysis reporting, and standard ITI operating procedures are
offered in BAS.
Five Types of Securities
BAS accommodates five general categories of securities: Interest Bearing Bonds, Interest Discount Bonds, Mortgage Backed Securities, Deposits, and Stocks/Funds.
Automatic Market Pricing
Market prices and yields are updated manually or automatically. If you choose the automatic method, up to nine Market Matrix tables can be maintained. For accounts that do not require a pricing table, prices and yields can be updated manually. Interactive Data, a company of the
Dun and Bradstreet Corporation, also offers a comprehensive security pricing service for complete automation.
FASB 115 Market Value Reporting
FASB standard #115 calls for valuing securities in the general ledger at either market or book value, depending on whether the security is categorized as "Held To Maturity," "Available For Sale," or "Trading." Unrealized gains and losses are integrated with asset, income, expense and reserve accounts in the General Ledger.
For more on the Bond Accounting System, contact
Information Technology, Inc. at 402.421.4207.
