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BMS: Bond Management System
Bond Management System (BMS) is a complete web based solution to manage all the schedule activities of Govt. Bonds (both Local and Foreign Currency) including reporting and MIS. It covers Customer Database, Inventory Status, Information regarding various types of Bonds, Sales, Interest, Encashment, Commission, Lien, status change etc. and performs operations like printing certificates, reinvesting bonds, report for Interest/Coupon Encashment etc. BMS also generates statements regarding sales, interest payment, encashment, commission claim, paritoshik claim etc. for compliance to the Bangladesh Bank and also to different MIS’s for internal use.
(Download Prospectus)
Features:
BMS has the option of defining all the existing Local Currency and Foreign Currency (LCY and FCY) bonds prevailing in the market, such as:
(1) 5 Years Interval Profit withdrawal Sanchayapatra (BSP)
(2) 3 Months Interval Profit withdrawal Sanchayapatra (SP)
(3) Pensioner Sanchayapatra (PSP)
(4) Poribar Sanchayapatra (Family Saving Certificate)
(5) Wage Earner Development Bond (WEDB)
(6) U.S. Dollar Investment Bond (DIB)
(7) U.S. Dollar Premier Bond (DPB)
The Bond management system calculates & keeps tracks of interest calculation, interest payment, coupon payment and redemption (regular & pre-matured) as per product feature. It has the option to modify the product features in accordance with changes of different bond schemes by the government time to time.
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BMS AT A GLANCE
> Customer/Client Database
> Inventory
> Product Management
> Sale Management
> Nominee Management
> Pre-mature Buyer Management
> Issuance of Bond
> Interest/Coupon Management
> Re-invest Management
> Sundry Account
> Suspense Account
> Lien Management
> Sale Commission Management
> Paritoshik Management
> All type of B. Bank Reporting
> MIS for internal use
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Stock Maintenance: BMS keeps stock maintenance/records of Bonds.
Flexible Interest Rate Maintenance: Government changes rate of interest time to time. BMS has the flexibility to maintain interest rates of the products with history to properly calculate interest of the bonds issued during the tenor slab.
Customer Information: BMS has the competence to assign each customer a unique Customer Id that contains detailed required information of the customer.
Issuance of Bonds: Bonds can be issued both LCY and FCY. Issuance record contains product information and Customer Information. After issuing particular information, BMS system generates payment schedule.
Reinvestment: BMS has the facility of reinvestment of bonds for the same period supported by the product feature.
Interest/Coupon Payment: BMS keeps the records of payment of interest/coupon payment history during the period of the bonds based on the pre generated interest payment schedule and give message for any early payment. It also adjusts the paid interest for the early encashment of Bond.
Commission Realization: BMS is able to calculate commission to be claimed from Bangladesh Bank as per product feature.
Transaction Processing: Actual accounting entries will be passed away to the core software. The software has options to generate handoff files of entries that can be uploaded in the core system.
Reconciliation with Bangladesh Bank Account: BMS is able to track Bangladesh Bank’s entries for sales and reimbursement of encashment/coupon payment.
Reporting to Bangladesh Bank: BMS has the option to keep all the reporting of Sales, interest payment, encashment and commission claims to Bangladesh bank. It has also the facility to generate different MIS for the management.
Query: BMS has flexible query option on Customer information & their Bonds holdings, sales, encashment, interest due, Bonds details etc.
Lien Marking/Status Changing: Lien is a legal claim or a "hold" on some type of property, whether personal or real property, making it collateral against monies or services owed to another person or entity. BMS also has the option of Lien marking and changing status as Block/Lost.
Report for Interest / Coupon Encashment (Standing Instruction): BMS has the facility of Bond custodianship where customer will provide instructions to the bank to liquidate periodic interest as per standing instruction. System will generate report of such instruction on due date.
User Maintenance: BMS has the option to create different types of users by assigning different rights. Only System Admin will be able to create users and total access control.
Audit Trail: BMS is also capable to maintain audit trials for insightful activities by the users as functions set by the system administrator.
Parameters for Sanchayapatra: BMS is capable to adapt future changes.
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