Date: Mon, 29 Dec 1997 20:54:42 GMT
Server: Apache/1.2.4
Last-Modified: Wed, 28 May 1997 21:31:03 GMT
ETag: "2f8ec-4070-338ca417"
Content-Length: 16496
Accept-Ranges: bytes
Connection: close
Content-Type: text/html
|
Automatic Assignment of Receipt Number by System |
|
Benefit: |
|
- Eliminates duplicate receipt number assignment, and manual assigning efforts.
|
|
Allows Tax Lot Accounting |
|
Benefit: |
|
- Permits customer choice in selling/delivering positions to obtain best available tax consequences.
|
|
On-Line Inquiry to Individual Receipts |
|
Benefit: |
|
Minimizes back office research by providing Acquired Date, Next Interest Due Date and Amount, Pledge Information, Principal Money, and Total Position on one screen. |
|
On-Line Receipt File Maintenance |
|
Benefit: |
|
- Money saving tool used to correct errors that do not affect the total par or principal money amount, (i.e., correct Where Held code.)
|
|
Automatic Set-Up of Calls/Partial Calls with limited information required.
|
|
Benefit: |
|
- Performs fair and equitable DTC approved random lottery for choosing which customer's position will be called, then automatically sets up the redemption and if necessary, the interest payable.
|
|
Called Bonds Report
Benefit: |
|
- Eliminates need to go through all announcements from Clearing Agents as CRI searches on-line position file before notification of a call.
|
|
Call & Put Notification Letters
|
|
Benefit: |
|
- Reduces time spent contacting clients with called bond information, letters are produced and printed on-line.
|
|
Compliance with regulatory customer statement reporting requirements
|
|
Benefit: |
|
- Eliminates unnecessary distress about compliance issues.
|
|
Flexibility at the Firm & Account Level
|
|
Benefit: |
|
- Cost benefit in choosing a quarterly rather than monthly cycle and allowing customer statements to be suppressed. Choice in allowing customers to receive statements even when no activity has taken place.
|
|
Provides a Profusion of Information
|
|
Benefit: |
|
- Eliminates the customer telephone calls asking to be informed of such information as Market value of position, last date of trade, year-to-date taxpayer information, etc..
|
|
Entry Codes & Security Master are Used for Determining Tax Status
|
|
Benefit: |
|
- Eliminates guesswork on the tax status of principal paydowns and interest payments as well as gross sale proceeds on 1099 reporting.
|
|
Consolidated and Laser Printed 1099s
|
|
Benefit: |
|
- Eliminates massive amount of typing and mailing of customers' very important tax documents.
|
|
Magnetic Media 1099 IRS Reporting
|
|
Benefit: |
|
- Required for more than 250 accounts, however, the integrity of CRI's magnetic media reporting has been proven year after year.
|
|
On-line function for 1099 Corrections
|
|
Benefit: |
|
- Allows customers to correct and make changes that affect the 1099 to be submitted to the IRS for up to 8 months into the next tax year.
|
|
Intangible Tax Reporting
|
|
Benefit: |
|
- Eliminates manual reporting for the states that require intangible tax be reported.
|
|
Foreign Accounts
Benefit: |
|
- Eliminates manual reporting of the IRS 1042S form. Also eliminates compliance issues by tracking the IRS W-8 and 4224 forms.
|