Efficient, Easy Online Interest Resets for Auction Rate Securities
Benefits of ARCauction™
- We create, host, and administer a website for the auction agent to perform its auction securities reset duties
- Both auction agent and dealers can access the site to enter bids and record changes in holdings
- Results are tabulated instantly and accessible to auction agent and bidders in a variety of report formats
ARCauction allows for regular reset of auction rate securities via either an internal order-taking process within a firm, or via an auction process among one or more broker-dealers and conducted by the auction agent.