Processing of all portfolio transactions and corporate actions affecting holdings and income.
Instruments supported - stocks, mutual funds, bonds, index and stock options, index and stock futures.
Automatic generation of transactions for corporate actions pertaining to holdings, income and distributions.
Supports international standard valuation basis including FIFO, specific lot, highest cost, single average, double average and LIFO with parameterized options at corporate and portfolio levels for security class and individual security.
Maintains holdings, cost basis, cash balances, income and margin borrowing information.
Automatic reversal of allocation and affected corporate action and re allocation, in case of addition of back dated transaction, eliminating cumbersome and error prone manual changes.
Automatic wash sale monitoring, detection and calculation of disallowed losses and cost-basis revision.
Discount, OID and premium amortization / accretion.
Capital gain accounting with rule based setting off facilities.
Tax estimation using client specific tax bracket and rates.
Generate relevant accounting reports like transaction statement, daily blotter, ledger etc.
Statements of realized short term and long term capital gain and statements of income.
Infrastructure for automated reconciliation with custodians available, downloads from multiple sources under development.

Unique transaction processing features for supporting Investment Management Services

Trades and transactions posted and allocated as and when received and portfolio holdings, tax-lot cost basis, realized gain and unrealized gain available in near real time on trade to trade and tick to tick basis. (If lot basis is 'specified lot', automated posting is temporarily done on FIFO basis for analytical services.)
Ready availability of critical data including holdings, cost, gain, income etc using optimized design and algorithms for efficiently servicing queries and investment management services.
Detailed tax-lot drill down representation in tree format showing disposals made out of the tax-lot, cost basis, revisions on account of corporate actions and wash sale and income linked to the tax-lot with transaction details and revision date.
Supports actionable tax management - Cost basis accounting with integrated tax-lot information available throughout the application - view lot detail and tax implications while making investment decisions. Preview impact of rebalancing in terms of short term and long term capital gain and wash sales with 'what-if' simulation capability.

Corporate Actions

Automatic processing of corporate actions across accounts while maintaining cost-basis continuity.
Eliminates manual efforts required for giving the effect individually into each account.
Eliminates the time lag between x-date and account update.
Maintains the cost-basis and tax-lot status with consistency and without manual efforts.
Wide range of actions supported:

Movers ST to LT (pdf 4k)

Supports actionable tax management.
Up to date data on current status of realized gain - short term and long term.
Tax estimation using client specific tax bracket and rates.
Preview movers from short term to long term with estimate of tax impact of move and days to move for tax efficient selection of lots to raise target amount.
Preview potential wash sales - likely to be triggered by purchase or sale - with days to avoid and tax impact estimates.
Identify lots for loss harvesting for tax optimization.
Simulation and preview of tax implications thru what if transactions.
Optimized setting off suggestions for capital loss.
Comprehensive tax reporting capabilities - Statements of income and gain for use with tax returns and export to packages such as Quicken.