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Stockholder
Accounting System |
The Stockholder Accounting System (SHS) provides an
institution with the tools to monitor the purchase and sale of
its stock. Up to nine different stock plans facilitate
management of different common and preferred stock offerings.
SHS maintains a thorough record of stockholders and stock
plans. Cash and stock dividends are automatically disbursed.
Certificate buys and sells are easily managed. Stock splits
can be modeled or actually performed. Proxy mailing and
tracking is completely monitored.
- Plan Level Controls
- Each institution can design up to nine independent
stock plans to manage common and preferred stock.
- Stock plans are updated on an "as-needed" basis using
the current Market Date and the current Market Price.
- Plans can allow or prohibit the purchase of fractional
shares.
- Proxy Tracking
- The mailing of stockholder proxies is controlled by
stock plan.
- Processing specifications can change the proxy status
for all accounts within a plan. In addition, the “Fast
Proxy” screen allows individual account proxy status
changes without accessing each individual account.
- Central Stockholder Accounting includes
simplified inquiry based on name, soundex short name,
account number, or certificate number. Separate addresses
are available for mailing dividend checks and account
information.
- Dividend Modeling for proposed dividend payments
provide decision-making criteria.
- Automatic Dividend Payments offer check, direct
deposit, or reinvestment options. Federal, state, and
foreign taxes can be automatically withheld.
- Stock Split Modeling provides decision-making data for
stock split feasibility.
- Automatic Stock Split Processing reduces manual
intervention.
- Display Terminal Reporting includes certificate
inquiries, stock plan summaries, check registers, update and
test reporting, and much more.
- Stock Certificate printing can be done from a certificate
file downloaded to a PC.
- Year-End Reporting is submitted on magnetic media for
1099-B and 1099-DIV.
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