|Trust me, they will finish
those monuments! These Silver Certificates collectively known
as the Education Series were issued in 1896 and are considered
to be the most beautiful bills ever produced in the US.
has a number of features that may not be found in trust accounting
systems offered by vendors who cater exclusively to conventional
trust operations. TSCI, Inc. specializes in customized
trust industry applications and provides considerable integration
and functionality for trust related recordkeeping services such
as employee benefit trust (EBT) accounting, individual retirement
accounts (IRA), and court accounting for estates and quardianships.
investment related transactions can be accessed with either
CUSIP Number or Ticker Symbol.
a wide variety of cash sweep and sub-accounting methods including
separate principal and income sweep funds, threshold sweeps,
and special overdraft rules.
to segregate reports by trustee tax ID number, department and
trust account number. Provides the capability of running multiple
banks and/or departments within the same numbering scheme.
IS supports "life style" or strategy trading
portfolios so that new money can be invested according to a
is maintained on-line forever if you want it. This makes it
possible to reconstruct any prior period report. History can
be purged selectively by account.
fee capability includes base, breakpoint, per transaction, per
asset type, minimum and income percentages.
pricing and dividend mapping are included. TSC has a business
partnership with Interactive Data Corporation (IDC) which allows
our customers to receive volume discounts on security pricing.
and Beneficiary payments are fully automated including the ability
to pay creditors on a group check basis. This is very handy
for users that specialize in massive bill payments for clients
that may use the same facilities such as nursing homes or prescription
memo, tickler and "post it note" capability exists
for an individual account and all of its relationships.
IS supports monetary fields with up to 13 numeric positions
and share values to 9 decimal places. This capacity is important
for users who need international currency conversion capabilities.
are 999 transaction codes available for classifying transaction
types. Up to 40 free form description lines are available for
every transaction. Customer statements, investment reviews and
other reports allow for "table driven" mapping of
these codes by the user.
IS supports 1099-B, 1099-D and 1099-I IRS forms and provides
worksheets for K-1 and 1041. Trust transactions allow for the
entry of a tax code number which can be mapped to many of the
popular tax preparation software packages.
EBT customer statement format supports most schedules required
by the IRS for audited retirement plans and for preparation
of IRS form 5500.
level recordkeeping services are not required for the administration
of EBT trusts by your department. You may provide trust services
for these plans and outsource the plan administration.
accounting does not require separation of principal and income.
Special reports and customer statements are available for users
that administer self-directed IRA accounts.
1099-R and 5498 reporting as well as electronic magnetic media
capability comes with the software.
age and minimum distribution accounting are also part of the
reports using the Uniform Fiduciary Accounting Principals are
available for trusts, estates and quardianships that require
formal accountings. Several other formats are available for
states that have not adopted the Uniform Standards.
for IRS form 706 and state inheritance tax returns are available.
Copyright, 1989, 1999 TSCI, Inc.