ADP Brokerage Services Group (ADP) is offering an Intraday Margin System (IDM) to perform margin calculations for accounts using real time account activity for trades, bookkeeping journals, dividends, checks and fund wires. Positions, balances and margin requirements are updated in real time. Intraday Margin System enables the margin department to stay focused on customer compliance within margin regulations instead of manually calculating accounts.
In addition, says ADP, the system supports a What-if-Calculator that has the ability to recalculate accounts based on scenarios defined by the user. This query-defined tool performs buying power and various other margin calculations to monitor risk and exposure. IDM fully integrates with ADP’s Brokerage Processing Services (BPS) back-office platform, leveraging BPS’s real-time functionality and capabilities to provide a straight through processing (STP) solution for the management of market and liquidity risk, and various aspects of credit and operational risk.
“Keeping abreast of risk management practices, ADP continues to deliver tools that enhance business efficiency,” says Marianne Brown, senior vice president and general manager of ADP Brokerage Processing Services. “Intraday Margin System is a valuable addition to our product offering and will provide our clients with an effective way to manage risk.”