Securities Back Office for Wealth Management
Multi-language, multi-currency, multi-entity securities back office that assures the fluid cooperation of all actors in a financial services firm with respect to cash & securities management, settlement, corporate actions, fees & commissions, portfolio accounting, compliance, taxation and regulatory reporting.
Business Capabilities
CASH & SECURITIES MANAGEMENT
Full control of cash management and securities inventory, Overview of account balances and expected movements
SETTLEMENT MANAGEMENT
Automation of post-trade processing tasks: matching, confirmation, financial settlement and connections to custody/depository providers
GENERAL LEDGER
Organising the correct and timely export of postings to the internal as well as external general ledger
FEES, COMMISSIONS & CHARGES
Fees, commissions and charges calculation, scheduling, managing overrides and invoice production
REGULATORY REPORTING
Generation of reports in the format required by local authorities
TAX ENGINE
Rules based tax engine, what-if scenario simulation, client capital gains tax reporting
CORPORATE ACTIONS
Automated workflow to ensure full control of corporate action events process
MARKET DATA MANAGEMENT
Download and import market data in real-time from leading data provider
Features
Fluid management of post-trade securities processing activities, automating the confirmation & settlement processes, SWIFT support, custodians reconciliation
Managing securities master data, corporate actions, client account data, transactions and accounting, account balances and performance calculations
Periodical reporting to financial authorities and transparency in official statements for investors
Compliance with MiFID II, national regulatory and fiscal requirements
Definition and calculation of management fees and commissions
Key Benefits
Increase the productivity of back office staff reducing operations costs
Manage fees, commissions, investment constraints in a flexible and efficient way, through classes with appropriate exceptions
Benefit form quick innovation of products and services and reactivity
Easy incorporate SMIT in your application ecosystem, thanks to the SOA architecture with hundreds of functions displayed in the form of Web Service
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