NIS Corporate Trust and Agency
FSC’s Corporate Trust and Agency product (“NIS”) provides corporate trust and issuing/payment agency banks comprehensive functionality to automate issuing, paying, registration, trust and transfer agency activities for commercial paper, CD’s, money market instruments and other short and long-term debt transactions.
Features and Benefits
NIS has the following features and benefits:
- Broad Coverage of Security Types: handles all physical and eligible book-entry debt securities including commercial paper, certificates of deposit, asset-backed securities, medium- and floating-rate notes.
- Direct DTC Interfaces: full function interfaces to the Depository Trust Company (DTC), including MDH and PIMs.
- Straight-through Processing: automated processing of maturities, interest payments, rate administration, prepayments and exceptions. Provides straight-through-processing with DTC, Issuers and Dealers. Interfaces for billing, risk, and money transfer.
- Internet Client Portal: elegant, web-based client software provides powerful functionality to issuers and dealers including trade entry, approval, and reporting.
- Direct Issuer Interface: full function, automated interface supports the direct transmission of trade issuance and confirmation information from high-volume issuers.
- Limit Management: limit management for all issuance types.
- Extensive Reporting: complete debt administration reporting for bank operations and clients.
- Outstanding Performance: NIS’s server technology is built on mission critical, scalable architecture, easily handling high-volume debt programs.
For more information on NIS Corporate Trust and Agency, please contact us.