System
Setup & Control - Pre-requisite
for all Modules
Client Deposits - Deposits-In from Direct
Clients
Client
Deposits Professional - Deposits-In from
Direct Clients and Brokers
Client
Bonds Professional - Clients invest
in Bonds - from Direct Clients and Brokers
Money
Market Investments - Deposits-Out
in the Cash Money Market (Loans)
Securities
Pledging - Keeping Track of Securities
Pledged against Secured Deposits
Securities
Trading - Buying and Selling Discounted
Securities
System Setup & Control
Pre-requisite for all Modules
The System Setup and Control programs are used to set
up the system after it is installed with control information,
system defaults, valid codes and descriptions, and details
about clients, banks, branches and brokers. Once set up,
the information can be changed and new codes added.
Client Deposits
Deposits-In from Direct Clients
The 'Moneyman' Deposits-In from Direct Clients Module is
a ledger showing who has deposited money, how much, when,
and on what terms. It calculates the interest and makes
easy work of interest rate changes.
The ledger may be kept by finance companies, co-operatives,
banking/non-banking institutions, semi-government, solicitors
trust funds, public accountants etc. Anywhere where deposits
are being accepted from clients and interest paid on various
terms.
What does this module do?
Deposits are accepted from clients for various deposit
types. The client may be quoted any interest rate. The interest
rate offered may vary by client and could depend on the
amount deposited. Interest rates may be changed daily if
necessary. Deposit details such as start date, maturity
date, amount, deposit type, and interest rate may be entered.
The deposit type may be any user defined type such as 7
DAY, 30 DAY FIXED, ON CALL etc.
A daily register may be printed by Deposit Type and/or
client showing all deposit and withdrawal and adjustment
transactions for that day.
Interest may be calculated daily, taking account of changes
in the interest rate or changes in the deposit amount. The
calculated interest is accumulated and may be repaid by
cheque, paid by automatic bank transfer or automatically
added (re-invested) to the current deposit amount or to
a new deposit. A customised interface is possible to transfer
interest or withdrawals to Debtors' Accounts in an Accounts
Receivable system.
Withholding tax and non-resident tax is deducted in conformance
with Australian Taxation requirements.
At end of month, a report is printed showing the interest
details for the month for each client i.e. showing deposit
number, deposit type, date in, date out, days in, principal,
interest rate and interest amount with a net total for each
client. This may be sent to the clients as a statement of
the month's interest earnings.
A flexible reporting facility is available that enables
the data to be printed and analysed in various ways. A balancing
control report can be printed at any time and checks that
the system is in balance. If the system gets out of balance
for any reason, such as a data corruption or bad disk, then
this report is the early warning of the error. The same
report can then be used to print the detail of each deposit
so that the deposit in error can be identified.
Purge and consolidate programs may be used to delete Transactions
for prior periods and carry the balances forward.
Client Deposits
Professional
Deposits-In from Direct Clients and Brokers
The 'Moneyman' Deposits-In from Direct Clients and Brokers
Module is an extension of the Client Deposits Standard module
listed above with extensions to suit the professional Money
Market Cash Management Provider. It provides support for
the acceptance and tracking of deposits through brokers.
Brokers may be provided with a secure connection for viewing
their client account details. Automated electronic Direct
Entry files may be exchanged with the brokers.
The ledger may be kept by banking and non-banking financial
institutions. Anywhere where deposits are being accepted
from clients and brokers with interest paid on various terms.
What does this module do?
Deposits are accepted from clients and brokers for various
deposit types. Processing is similar to the Client Deposits
Standard module listed above. Daily transaction are entered
into a worksheet and balanced on a per broker basis. The
broker's advisor numbers or codes may also be recorded and
used for sub-totals on reports. Transactions may be imported
directly into the worksheet from a Direct Entry file from
the broker. A confirmation file with system generated transactions
and balances may be sent back to the broker.
A daily transaction listing may be printed by transaction
type, broker and/or client showing all deposit, withdrawal,
interest and charges transactions for that day.
A daily current deposits listing by variables sort and
sub-total options may be printed with a Resident/non-resident
summary and a summary of deposits over $50,000 for FID calculations.
Utilities are provided for converting the terms of deposits
without having to withdraw and re-open another account.
A powerful inquiry program allows search and find features
by Client Code, Deposit No, and Bank/Broker Code, District/Branch
and Advisor with the ability to drill down to transaction
and interest details and with a print facility suitable
for sending or faxing to clients.
At end of month, a report is printed showing the interest
details for the month by broker for each client i.e. showing
deposit number, deposit type, date in, date out, days in,
principal, interest rate, interest amount and brokerage
with a net total for each client and broker. This may be
sent to the brokers as a statement of the month's brokerage
and client interest earnings.
The statements show transactions as well as daily interest
details.
Besides their being a flexible reporting facility, an ODBC
interface is also available for SQL query. Data can also
be importing into other products such as Microsoft Access.
Client Bonds Professional
Investments in Bonds from Direct Clients and Brokers
The 'Moneyman' Bonds Module for investments from Direct
Clients and through Brokers is a bonds register to suit
the professional Bonds investment provider. It provides
support for the acceptance and tracking of bonds through
brokers. Brokers may be provided with a secure connection
for viewing their client account details. A bond is similar
to a Fixed Term investment with interest paid on the anniversary
of the starting date.
The ledger may be kept by banking and non-banking financial
institutions. Anywhere where investments in Bonds are being
accepted from clients and through brokers with interest
paid on various terms.
What does this module do?
Investments in Bonds are accepted from clients and brokers
for various deposit types. Daily transaction are entered
into a worksheet and balanced on a per day basis. The broker's
advisor numbers or codes may also be recorded and used for
sub-totals on reports.
A daily transaction listing may be printed by transaction
type, broker and/or client showing all new applicationst,
redemptions, interest payments, transfers and reinvestments
for that day.
A status listing of current bonds by variable sort and
sub-total options may be printed with a Resident/non-resident
summary.
Utilities are provided for renegotiating the terms of deposits
without having to withdraw and re-open another account.
A powerful inquiry program allows search and find features
by Client Code, Deposit No, and Bank/Broker Code, District/Branch
and Advisor with the ability to drill down to transaction
and interest details and with a print facility suitable
for sending or faxing to clients.
At end of month, a selection of reports are available showing
transaction analysis, new business, branch/broker analysis,
cost-of-funds analysis.
Various interfaces can be customized for General Ledger
(e.g. SAP), Datawarehouse, Cash Flow analysis, Direct Banking
and other interfaces.
Customer advices for various letters can be established
using standard text file templates.
Besides their being a flexible reporting facility, an ODBC
interface is also available for SQL query. Data can also
be importing into other products such as Microsoft Access.
Money Market Investments
Deposits-Out in the Cash
Money Market (Loans)
This is sometimes called 'Loans'. The 'Moneyman' Deposits-Out
Module is a investment ledger showing who has invested money,
how much, when, and where it was invested. It calculates
the interest and makes easy work of interest rate changes.
It can optionally integrated to the securities pledging
module to track securities pledged against deposits.
The ledger may be kept by finance companies, co-operatives,
company accountants, investors, solicitors, public accountants,
banking/non-banking institutions, semi-government etc. It
is particularly suited to investing in the short term money
market.
Special deposit types are available so that this module
can be used to also keep track of investments in discounted
securities by treating them as fixed deposit cash investments,
not selling them and allowing them to mature at face value.
What does this module do?
Deposits are placed with Banks on various terms. You may
be quoted any interest rate. The interest rate offered may
vary by deposit and could depend on the amount deposited.
Interest rates may be changed daily if necessary. Deposit
details such as start date, maturity date, amount, bank,
investment type, and interest rate may be entered. The investment
type may be any user defined type such as 11 AM call, 24
hour call, fixed terms etc.
A daily register may be printed by merchant bank and/or
Investment type showing all deposit and withdrawal and adjustment
transactions for that day.
Interest may be calculated daily, taking account of changes
in the interest rate or changes in the deposit amount. The
calculated interest is accumulated for balancing with the
amount offered by the bank.
At end of month, a report is printed showing the interest
details for the month for each bank i.e. showing deposit
number, investment type, date in, date out, days in, principal,
interest rate and interest amount with a net total for each
bank. This report can be used to balance against the statements
received from the Merchant Banks.
A flexible reporting facility is available that enables
the data to be printed and analysed in various ways. A balancing
control report can be printed at any time and checks that
the system is in balance. If the system gets out of balance
for any reason, such as a data corruption from a spike in
the electricity supply or bad disk, then this report is
the early warning of the error. The same report can then
be used to print the detail of each deposit so that the
deposit in error can be identified.
Purge and consolidate programs may be used to delete transactions
for prior periods and carry the balances forward.
Securities Pledging
This module will manage securities offered by merchant
banks against secured investments placed with them.
The system will record the security details and calculate,
on request, the unexpired days, present market value, and
the ratio of the sum of the present market values to the
sum of the investments with each merchant bank. As investments
are withdrawn, the securities can be released and there
is a cross reference to show how they are related. Securities
information may be kept for any length of time with the
ability to produce reports that show the movements of securities
over a range of dates.
This is particularly useful to Government/semi-Government
bodies where there is a requirement for them to keep certain
ratio of pledged securities against cash deposits. The Present
Market Value report may be submitted directly to the relevant
governing body.
Securities Trading
This module will keep track of the buying and selling of
discounted securities. The system will record the purchasing
and selling of securities under various groupings and calculate
the buying and selling price. Reports are available, on
request, e.g. reports that show the present market value,
contingent liability and average yield. A monthly accounting
summary report is available that shows the bills on hand,
bills sold, and bills matured in a format suitable for postings
to a general ledger.
Why
is some of your terminology different?
The system is adaptable to various kinds of uses. The terminology
may differ slightly. The term "bank" or "merchant bank"
as used in this manual could be applied to any financial
institution or place of investment. The terms "client",
"depositor" and "investor" all have a similar meaning i.e.
the one who deposits the investment in the register. The
term "broker" could mean "stockbroker", "interposed entity",
"intermediary", "middleman". The term "investment" generally
applies to money amounts (cash), could apply to "securities"
and does not apply to stocks and shares or commodities or
property. The term securities generally applies to "bank
bills" and "discounted securities".
