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Smart™ can be used to conduct several compliance tests on each of your portfolios, saving time and ensuring adherence to guidelines. Smart™ compliance tests include both SEC Rule 2a-7 and other policy compliance, such as compliance for “rated” funds or non-SEC Rule 2a-7 accounts. Compliance pass/fail results are provided along with specific bond details of test results. Compliance functionality can be leveraged to run in both pre-trade or post-trade mode. For 2a-7 (and other) compliance, Smart™ calculates additional exposure capacity (in both percentage and dollars) for the issuer/obligor diversification and enhancer diversification compliance tests. Smart™ contains a comprehensive battery of compliance tests, including portfolio average maturity, average quality, tier exposure, issuer/obligor diversification, enhancer diversification, and liquidity. Smart™ discloses the components of non-compliance and of the various “baskets” defined by compliance rules, enabling constant attention while you trade. Smart™ can also be customized for firm-specific compliance requirements. Because Smart™ captures transactions and maintains portfolio history, the system can readily re-wind portfolios to any post-installation date. All reports, graphs, and compliance tests can be re-created on historical dates with exact accuracy. |
Investortools, Inc. serves institutional investment organizations by providing portfolio management and credit analysis systems. Our products and services are designed, produced and enhanced to assist users in their analyses and presentations relating to fixed income investment securities. In addition to our standard products, we serve clients requiring system specialization by designing and implementing customized systems. Our clients include mutual fund investment advisors, bank trust departments, insurance companies, investment counselors and securities dealers. Our systems are used by portfolio managers, portfolio analysts, securities analysts, representatives of securities dealers and other investment professionals. Founded in 1983 and incorporated in 1985, we are located in Yorkville, Illinois in the Chicago area. |
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