Banking Suite
Fed Funds
Manage overnight borrowing and lending of reserve balances with other financial institutions.
Key features
Trade Handling
Handles principal and agent trades, including pooled trades.
Rate Flexibility
Allows rates to be fixed, pegged, or based on principal tiers.
Fund Monitoring
Monitors agent funds sold to prevent exceeding purchases.
Customer Advices
Can issue weekly advices to customers showing daily principal and rates.
Sweeps & ACH
Electronically sweeps DDA balances and prepares ACH entries.
Standard Reporting
Includes a full package of standard reports.
Like every MIMICS system, Fed Funds is customised to your institution and interfaces with the other MIMICS modules and your third-party systems. How we deliver →
Quick answers
About Fed Funds
What is MIMICS Fed Funds?
Fed Funds is part of the MIMICS Banking Suite. Manage overnight borrowing and lending of reserve balances with other financial institutions.
What are the key features of MIMICS Fed Funds?
Key features include Trade Handling, Rate Flexibility, Fund Monitoring, Customer Advices, Sweeps & ACH and Standard Reporting.
Can Fed Funds be customised and integrated with other systems?
Yes. Like every MIMICS system, Fed Funds is customised to each institution’s requirements and local regulations, and interfaces with the other MIMICS modules and third-party systems. It can be deployed on-premise, in the cloud (AWS, Microsoft Azure, Oracle Cloud and others) or in a hybrid model.
Who builds and supports MIMICS Fed Funds?
MIMICS, Inc. has built financial software since 1976. Its India subsidiary, Wildgrube Software in Hyderabad, develops, tests, implements and supports MIMICS systems.
See Fed Funds working with your data.
Tell us about your institution and the problem you are solving. We will show you how MIMICS systems fit — remotely or on-site.