MuniManager is a comprehensive system designed for Broker-Dealers, Trustees and Institutional Investors. The system combines Trust Creation and Management with credit analytics, and monitoring tools designed to save time collecting and fielding data, identifying trading opportunities, assessing credit risk, and organizing historical credit reviews and ratings specifically with Munis in mind.
It is a user friendly interface customized to the client’s specifications, allowing traders to create new trusts and maintain existing ones. Features include Controllers to generate daily, weekly and monthly P&L, Auditors to view a history of edits by user, trust and dates, Operations personnel to add, edit and maintain users accounts and permissions.
The system is integrated with a number of upstream and downstream applications on the client side. A number of processes related to book keeping, general ledger, accounting and financial controls are being seamlessly handled through these integrated applications. The Solution suite encompasses all the tools required for end-to-end management of a bank’s Muni portfolios across Front, Middle and Back office.
Byte’s deep domain knowledge and experienced leadership are combined with proven technology expertise to place us at the forefront of product development. Our product development approach leverages generic reusable components, interface layers and frameworks that can be adapted to specific business needs and thereby delivering a customized product suited to the needs of the business.
Broker/Dealers
| Issues |
MuniManager |
Benefits |
- Multiple spreadsheets
- No centralization of data
- Manual data upload
- Innovation to program structure
- Inefficient reporting
- Regulatory and compliance issues
|
- Centralized database
- Archiving and retrieving capability for stored data
- Support for “Trust Structure”
- Support for innovation in program structures
- Support for events and activities
- Generation of cash flows for various asset classes
- Reporting capability
|
- Faster trade processing
- Improved STP rates
- Facilitating innovation
- Compatibility with in-house systems
- Scale up to meet compliance requirements
|
Trustees
| Issues |
MuniManager |
Benefits |
- Multiple spreadsheets
- Duplication of effort in collating data
- Inefficient reporting to various stakeholders
- Manual booking of new client trusts
- Regulatory and compliance issues
|
- Centralized database
- Archiving and retrieving capability for stored data
- Trust Structuring editing capabilities
- Automated cash flow reports by clients or programs
- Automated expiry/extension letters and notices to clients
- Reporting capability
|
- Efficiency in operation through higher level of automation
- Manage new client programs through the application
- Improved STP rates
- Compatibility with in-house systems
- Improved capability for data storage, retrieval
|
Money Manager
| Issues |
MuniManager |
Benefits |
- Multiple programs
- Inefficient portfolio management
- Inadequate monitoring of risk
- Manual calculation of Profit & Loss
- Inadequate monitoring of shortfall associated with underlying assets
- Inefficient reporting
|
- Allows active trusts to be categorized
- Reports and aggregate statistics can be run on combination of programs
- Cashflow and payment date reports can be run at portfolio level
- Allows import of rates and interest files
- Trust Structuring editing capabilities
- Auto import of floater certificate rates
- Reporting capabilities
|
- Efficiency in operation through higher level of automation
- Improved monitoring of risk
- Facilitating various scenario analysis
- Better performance and maintenance of trusts
- Compatibility with in-house systems
|
Sample Screenshots:
Program Definition
Amortization Accretion Schedule
Trustee Entry Screen
