Emmi >Tool for Growth

An IPA can grow its business by being able to offer an issuer compelling services, new types of instruments, or by being able to expand its geographic area of influence.

Emmi can help in all of these areas and can do so without placing the IPA in the position of finding out that the systems being used to run the business (Emmi) can't keep up with the increased demands brought about by business growth.
  
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Flexible Instrument Type Offerings

Emmi provides powerful tools for modeling instrument types and the controls needed to make sure the instruments are being issued in a responsible manner. New instrument types can have any combination of features. A partial list might include:

•	Discount or Interest Bearing
•	Rate or Yield Based
•	Physical, Book or Hybrid Issuance
•	Any type of day count basis - Actual/360, Actual/365, Actual/Actual, etc.
•	Any type of standard calculation method (or custom defined methodology)
•	Fixed or Variable Rates
•	Automatic generation of security identifiers (CUSIP or ISIN)
•	Use of different currencies for issuance, settlement and payment.
•	Any type of validation rules required to insure proper program adherence.

Ability to Offer Compelling Services

The easier it is to do business with an IPA, the more likely it is the IPA will be able to attract additional business. Emmi makes it easy for an issuer to say “yes” to an IPA’s offerings by providing the following issuer-related features:

•	Zero capital cost access to all system functions (the IPA can charge additional fees for services).
•	Integration with Pre Issuance Messaging systems, such as DTCC PIMS and ClearStream/Euroclear EPIMS.
•	Integration with money market instrument trading systems such as Thompson TradeWeb/CanDeal.
•	Integration with self-issuer system such as Sungard’s STN Money Markets.
•	The ability to easily enter trades using the system's interface.
•	The ability to specify trade affirmation requirements.
•	The ability to review issuance and payment processes in real time.
•	The ability to export specified information in XLS format for import into other systems.
•	The ability to create custom reports.
•	The ability, if desired, to define an issuer in terms of having a parent/child organizational structure. This parent/child relationship can reflect an actual organizational structure (General Motors / Pontiac, Cadillac, Chevrolet, for example) or a synthetic organizational structure (ABC Company/ABC Company US, ABC Company Canada, for example). This capability can be used to provide the issuer with the following benefits:
	· Greater reporting granularity. · Better control over user rights assignment. · Better IPA experience through more intelligent customer relationship management.
•	The issuer ability to self-manage the creation of users, user passwords and to set user rights.
•	The ability to add value by integrating market data such as exchange rates and interest rate indices.
•	The ability to make use of multiple currencies in the issuance/payment process.
•	The ability to make use of a single IPA across multiple geographic areas.

Ability to Grow Geographically

Emmi provide the ability to grow geographically by allowing the IPA to define multiple operational centers. Each operational center can have any of the following attributes:

•	Issuance of notes in its own native currency, or make use of multiple currencies.
•	The ability to interface with its own local depository (or depositories).
•	The ability to define users, issuers and rights.
•	The ability to have its own vault and note printing services.
•	Its own operational calendar.
•	The ability to run its own reports.
•	The ability to define instruments based on local conventions.
•	The ability to make use of another operational center for issuance and settlement.

All of the above can be accomplished while, at the same time, have all business conducted by the individual operational centers rolled up into a unified (native currency) view for reporting and general ledger.

System Scalability

Emmi can be scaled in an almost infinite manner. This scalability allows the system to sustain acceptable performance level while servicing an almost unlimited number of users producing extremely large transactional volumes.

•	The minimum Emmi system requirements are modest and are comprised of industry standard technologies. Implementation and management of the system are well within the realm of most organizations existing operational knowledge base and IT initiatives.
•	Emmi can be hosted by the IPA, or in one of AMIC's approved hosting centers with locations in North America and Europe. AMIC's application hosting is designed to provide flexible options allowing transactional growth, availability guarantees (fault and disaster tolerance as well as disaster recovery) and security monitoring.