WorldSharp� Bond/Stockholder Accounting
System
Registered Bond & Stockholder Accounting - This system may be used to handle
the certificate transfers, dividend (cash or stock) and interest calculation,
certificate and check printing, 1099's and associated functions for both bond
holders and stockholders. Maintains comprehensive accounting records by holder
and certificate. Supports book entry recording.
Multiple Maturity Dates And Interest
Rates
Bond Issues that have multiple maturity dates and varying interest rates may
be processed as one issue. Information for holders owning certificates in more
than one 'sub-issue' is entered only once. Holders may receive individual or
consolidated interest checks and consolidated 1099's.
Multi-Issue Operation
The system will allow user to easily switch to appropriate issue. With the
Multi-user version, users at different workstations may work on different
issues or the same issue simultaneously. Moving between 'sub-issues' or CUSIP's
is efficient and does not require entry of CUSIP numbers.
On Line Balancing
While adding, canceling or displaying certificates, a continuous display of
the number of active shares or dollars is maintained. As certificates are
canceled and new certificates are issued, the system will display the number of
shares out-of-balance.
Multiple Add Or Cancel
If a number of bonds in sequence are issued to the same holder, they may be
added or canceled with one operation.
Calculations
Some of the calculations performed by the system include Interest, Cash
Dividend, Stock Dividend, Stock Splits, Reverse Splits, OID and Bond Call.
Variable rate bonds may be accommodated. A specified amount may be spread to
all active holders in proportion to their holdings. The system can handle long
or short interest periods. For securities or bonds with dividends or interest
payments that are taxable, the system calculates backup withholding when
required. User may specify the number of decimal places (0 to 6) to be used for
fractional shares.
Stock Dividends And Splits
Provides a variety of options to facilitate stock dividends and forward or
reverse splits. Checks and 1099's can be printed for amounts paid in lieu of
fractional shares.
Alternate Addresses
The system allows for the use of an alternate address in the printing of
dividend or interest checks in the event the check is to be sent to other than
the registered holder. There is also an alternate address for 1099 reporting.
Check Printing
It is not necessary to buy special checks when using this system. Existing
checks may be used since this system allows each user to specify the printing
format and the location of the various fields to be printed. This printing
format may be changed whenever desired. Amount may be printed in words making
the use of check protection unnecessary. Either single sheet forms or
continuous forms may be used. Items may be transferred to the WorldSharp� Check
Reconciliation System (included at no additional charge). A user defined export
of the issued checks can be created by the system. Logos, MICR characters, and
signature images can be printed on checks.
Certificate Printing
The WorldSharp� Bond/Stockholder System facilitates the printing of
certificates in accordance with the most recent American National Standards
Institute (ANSI) specifications. Each user may specify the printing format to
produce a certificate which is customized to their existing forms; no need to
buy forms to satisfy the rigid requirements of some computer. The required
"amount matrix" and "asterisk fill" is embodied within this
system to ensure the security and integrity of all "quantity" fields
on the certificate. Single sheet forms or continuous forms may be used. Logos
and signature images may be printed.
Bond Call
Bond Call Processing gives the user the capability of assigning the
parameters for a subsequent full or partial Bond Call. The Bond Call feature
will randomly select called bonds (lottery), print called bonds report, update
alert flags in the certificate file, print checks for called bonds, print
notices for called bonds, automatically cancel all certificates flagged as
"CALLED" and create new certificates. The system will also support
serial calls. · ACH and Wire Transfer Holders may be coded so that
dividend or interest payments may be wire transferred or directly deposited to
checking or savings accounts. Files in standard ACH (Automated Clearing House)
format are created for bank processing. User defined documents can be prepared
for Wire Transfers.
1099 Preparation
The system prints 1099's in a standard or user defined format on
pre-printed forms or blank paper. Files may be produced for electronic reporting to the IRS.
The WorldSharp 1099 Preparation
System which is included creates, prints and electronically files all 1099
tax forms.
Dividend Re-Investment
The system supports dividend re-investment for stockholder accounting.
Re-invested dividends may be held as book entry items or certificates may be
issued. User defined holder statements may be printed.
Report Printing
A full span of reports may be printed by this system to satisfy the needs of
the most demanding user. These reports may be printed at any time the user
wishes and as frequently as desired.
Single User or Network
Version!
Prices [Windows 95,
98, NT(4.0), 2000, XP, 2003, Vista, Windows 7]
