Portfolio Management & Accounting Solutions

Portfolio Genius®, TPG’s flagship product, delivers superior portfolio accounting and management for both sides of your balance sheet with robust reporting tools to deliver information easily and accurately.

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Derivative Accounting & Valuation Solutions

TPG's Derivative Genius® accounting solution offers unparalleled back office support, as well as processing for a multitude of derivative instruments. Reporting modules offer daily accounting and sub ledger accounting entries.

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Safekeeping Software Solutions

Safekeeping Genius® provides for easy management and accounting in the daily tasks of maintaining customer accounts. Real-time processing solutions offer tracking capabilities of securities across multiple asset classes.

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Trading Across Multiple Asset Classes

TPG Trader® integrates trading across mulitple asset classes while providing front-to-back-office, real-time processing solutions.

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New FASB Requirements for Reporting "Other Than Temporarily Impaired" (OTTI) Securities

Effective June 15, 2009, all public companies must follow new regulatory reporting guidelines on OTTI securities, including:

  • Use fair value (mark-to-market accounting) as stated in FAS157
  • Frequency for reporting the fair value of financial instruments changed from annually to quarterly
  • Impairment charge is NOT required if there is no current intention to sell the instrument AND, it is more likely than not, it will not be required that the instrument is sold prior to the fair value recovering
  • Designation of the intent and ability to hold until the fair value recovers determines the need to report an impairment charge on the balance sheet or the income statement
  • The portion of the impairment related to just credit losses must be reflected on the company's income statement as a reduction of net income, while the impairment related to all other factors will appear in the Other Comprehensive Income line in the equity section of the balance sheet

These rules do not affect the timeliness of impairment recognition - only the location in the financial statements where impairment value is reported.

Let us show you why many prominent U.S. banks have switched to TPG Software for their front to back office accounting needs. Please give us a call to learn more if you are interested.

We are confident that we can save you money via our "competitive upgrade" program while improving your operating efficiency.

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