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Powercage Product Features

START-OF-DAY PREPARATION

  • Adjust securities positions to reflect DTCC nightly cycle activity
  • Allocate segregation requirements
  • Review DTC out-of-balance conditions

REAL-TIME SYSTEM

  • Automated matching of receives and deliver orders
  • Real-time process for cash trades
  • Online input for deliveries and segregation
  • Real-time detection of broker difference, money differences, suspense and DK’s
  • Real-time detail settlement screens reporting DTCC transactions and corresponding information

PRIORITY DRIVEN EXPERT SYSTEM

  • Delivery vs. Payment opportunities
  • Automated stock borrow return process
  • Providing borrow requirements for deficit and delivery
  • Tracking of broker fails
  • Functionality to manage recycling deliveries
  • Available as Davidsohn Software-on-Demand™

PowerCage Cashiers Management System

ARE YOU OR YOUR BACK-OFFICE OPERATIONS TEAM EXPERIANCING PROBLEMS PERFORMING SECURITIES SETTLEMENT PROCESSING?

Davidsohn Global Technologies, Inc. ® Powercage™ system is a multi-currency, multi-company settlement system designed to reduce clerical overhead, reduce the cost of financing and improve the management of your firm’s cash and securities positions while increasing productivity.

The POWERCAGE® system optimizes securities processing based on requirements set by your cashier and treasurer and guarantees full compliance with regulations governing security movement and control. Its sophisticated technology manages this process through a system that assigns available securities based on priority needs thus freeing the cashier to focus on problem stocks.

Our real-time security movement and control system automatically determines optimal securities use throughout the day, satisfying user delivery and lending and cashiering requirements. The system maintains real-time information on the availability of all securities and supports on-line receive/delivery orders.

POWERCAGE® was designed and continues to be maintained with logical sequential steps solving the most tedious of settlement processing, regulatory controls and operations.

PRODUCT FEATURES

POWERCAGE® offers a broad range of innovative product features including:

  • Automated Delivery Sweep of all Non Affirmed Trades
  • Straight Through Processing of cash trades in real-time and transmits the Delivery Orders (DO)
  • Maximized cash flow through automated delivery turnaround
  • Stock Loan functionality, producing suggested borrow and borrow return reports and files
  • Built in go-green features significantly reducing the paper usage by utilizing on-line reports and electronic archival capabilities
  • Overnight Items Logic – a real-time exception process that instantly presents receives and allows you to “DK” and return
  • Auto DK functionality enabling multiple items to be returned via a single action
  • Reduction in operational complexity and tediousness of cashier personnel
  • Reductions in capital requirements thereby freeing funds
  • Exception processing including intra-day re-matching exceptions
  • Advanced Reclaim processing offering suggested course of actions
  • Permiting the freeing up of collateral to reduce borrowing costs
  • Real-time processing of Security Payment (SPO) and Premium Payment Orders (PPO)
  • Decision Support Algorithms to assist in making informed borrowing decisions
  • Open item clean-ups, journal entries, DTC payments orders, money difference journals & detailed balancing reports
  • Elimination of matching tabulation, reconciliation, and retention of Participant Terminal System (PTS) tickets and open items
  • Auto-Match processing
  • Available as Davidsohn Software-on-Demand™

REPORTING

START OF DAY REPORTS

  • Borrows
  • Deficit Allocation
  • Segregation Lockup and Release Potential for Borrow Return
  • Open Borrow & Bank Loan
  • Full start of day (SOD) Availability
  • Suggested Borrow for Deficit and Net Delivery
  • DTC Eligible Security in non-DTC location
  • Unaccomplished Delivery (non-physical securities)
  • Unaccomplished Delivery (physical securities)

INTRA-DAY REPORTS

  • Borrow Returns
  • Suggested Borrows
  • PDQ/ID Delivery Exceptions
  • PDQ/ID Receive Exceptions
  • Incoming DK’s
  • Customer Position
  • Unaccomplished Recycling Deliveries (non-physical)
  • Unaccomplished open deliveries not withheld

TRUST COMPANY REPORTS

  • Customer Position
  • Unaccomplished Deliveries (non-DTC eligible)
  • Intra-day Customer (non-DTC eligible)
  • Insufficient Customer Position
  • Extension of Credit Summary
  • Extension of Credit Details
  • DTC/ID Matched Delivery Exception

END OF DAY REPORTS

  • End of day PM Deficit
  • End of day Journals
For Additional Product Information: TEL: 212.208.0100 Please contact us here.
If you would like to download a PDF version of the Cashier Management System, Back Office Clearance and Settlement System brochure, CLICK HERE.



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