ABOUT SILVER MANAGEMENT . . .
Silver Management is a recognized technology solution provider and professional services organization supporting the financial services industry. By leveraging its specialized combination of business domain expertise, consulting services, and software technology, Silver delivers cost-effective, risk-controlled investment services solutions to firms seeking to transform investment services strategy into reality.
Silver's clients consistently benefit from decades of hands-on experience and deep subject matter expertise in securities brokerage operations, cost basis reporting, and wealth management. Serving as trusted business partners, the Silver team applies real-world know-how and business knowledge to ensure project success for a range of investment services initiatives.
PRODUCT NEWS: SILVER PROVIDES REGULATORY FIXED INCOME SOLUTION TO CLIENTS . . .
In support of clients seeking to achieve compliance with the final phase of the cost basis reporting regulations, Silver Management is implementing its Portfolio Accounting Service for Fixed Income (PAS-FI) solution. PAS-FI is an adjunct processing engine that enables firms to add EESA-compliant calculation of OID, bond premium, acquisition premium, and market discount cost basis adjustments to existing portfolio accounting systems with minimal changes to current software and operational processes.
When integrated with an existing portfolio accounting solution, all cost basis processing (other than fixed income adjustments) continues to be handled normally on the existing system. PAS-FI automatically detects and applies all upstream lot adjustments with appropriate taxability and characterization, while maintaining historically accurate transactional activity as required for accurate fixed income calculations. Upstream adjustments to current or historical lot information may be made at any time -- fixed income calculations are reprocessed as necessary to reflect current data.