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Managing the daily operations of investment funds, including depositary bank support, NAV calculation and transfer agent
Banking, Asset & Wealth Management Operation Solutions
Mutual Fund Administration
Cover all back office needs of a fund manager or outsourcer, through the accounting of mutual funds, share price calculation (Net Asset Value), control of regulatory constraints and fund rules
Capabilities
NAV Calculation
Complete accounting management (accounting prime entry, P&L, interest calculation, liabilities), calculation of management fees, asset valuation, budget processing, accounting journal and all supporting statements
Data & Pricing
Automated pricing and data delivery service, update of master data, dividends and corporate actions via Information Provider
Financial Instruments Management
Accounting and administrative management of financial products and corporate actions
Limits Control
Bank of Italy ex-post regulatory controls, contractual limits arising from the fund prospectus and rules, including exposure to derivative products, market or counterparty risk-taking
Reporting
Processing periodic management statements, accounting reports within different periods that can be configured by the user
Regulatory Management
Automatic management of regulatory reports through the creation of data flows according to the record layouts required by the respective Supervisory Authorities and sent to specific test procedures
Key Benefits
- Customize the application flexibly based on your operating model, supported by a wide range of parameters
- Take advantage of tranquil management of numerous online checks and over a hundred checks before NAV accounting
- Ensure compliance to regulatory and contractual requirements
- Benefit from a well-established application used by a large customer base
- Avoid onerous manual control tasks by automating controls and tallies both within the same accounting statement and across multiple accounting statements
Alternative Fund Administration
Address the changing and complex management of Real Estate Funds, Private Equity and Credit Funds with ease of use, flexibility and completeness
Capabilities
Investment Management
Front and Middle Office managing investment, divestment and financing operations in securities and holdings
Fund Accounting
Accounting for alternative funds that invest in non-conventional investment securities
Document Management
Comprehensive management of documentation and reporting
Regulatory Reporting
Managing supervisory reports for Bank of Italy and Consob, with customizations for Real Estate
Key Benefits
- Take advantage of comprehensive functional coverage of the entire administrative process of alternative funds
- Get full integration between operations, administration and accounting
- Benefit from the many years of industry experience of the development and support team
- Ensure compliance with Italian law (Bank of Italy, Consob, Covip), European legislation (UCITS IV, EMIR, CRS) and FATCA
Transfer Agent
Manage investment fund participation with maximum flexibility and in compliance to regulations
Capabilities
Management of Client Transactions
Customer instruction management (subscriptions, refunds, switches), unit management (split, groupinTA, transfers)
Share Price Calculation
Simulations of share price calculation, valuation of transactions, commission calculation (front load and back load)
Supporto of MiFID Regulation
Customer and product profiling, appropriateness checks
Anti-Money Laundering
Administration of relations with supervisory bodies and Revenue Service
Regulatory Reporting
Transaction accounting, interfaces to distributors and Depositary Bank
Reporting
Management of inactive accounts, due diligence declarations and court orders
Key Benefits
- Fully manage administration activities and all issues related to the asset manager’s relationships with customers, distributors and the Depositary Bank
- Comply with new regulatory requirements from data archival to privacy protection
- Reduce operational risk related to the incorrect valuation of subscriber positions
- Benefit from maximum flexibility in the management of any type of customer instruction
Depositary Banks
Supports Depositary Banks in their audit tasks of NAV calculation and management of fund participants
Capabilities
NAV Recalculation
Data ingestion, entry of non-automated operations, NAV recalculation, audit and reporting
Pre NAV Ticks
Ingestion of external data flows, configuration of preventive checks, manual checks and tracking of user interventions
Post NAV Ticks
Checking fund assets with NAV data received from the asset manager, highlighting differences
Participants
Covering the entire control and settlement activities, typical of a Depositary Bank in relation to fund’s participants
Dashboard
Dashboards tracking proper completion of the various activities and the emergence of exceptions, enabling the perception of progress and any critical issues at all times
Key Benefits
- Customize the application flexibly based on your operating model, supported by a wide range of parameters
- Take advantage of tranquil management of numerous online checks and over a hundred checks before NAV accounting
- Ensure compliance to regulatory and contractual requirements
- Benefit from a well-established application used by a large customer base
- Avoid onerous manual control tasks by automating controls and tallies both within the same accounting statement and across multiple accounting statements
Mutual Fund Administration
Mutual Fund Administration
Cover all back office needs of a fund manager or outsourcer, through the accounting of mutual funds, share price calculation (Net Asset Value), control of regulatory constraints and fund rules
Capabilities
NAV Calculation
Complete accounting management (accounting prime entry, P&L, interest calculation, liabilities), calculation of management fees, asset valuation, budget processing, accounting journal and all supporting statements
Data & Pricing
Automated pricing and data delivery service, update of master data, dividends and corporate actions via Information Provider
Financial Instruments Management
Accounting and administrative management of financial products and corporate actions
Limits Control
Bank of Italy ex-post regulatory controls, contractual limits arising from the fund prospectus and rules, including exposure to derivative products, market or counterparty risk-taking
Reporting
Processing periodic management statements, accounting reports within different periods that can be configured by the user
Regulatory Management
Automatic management of regulatory reports through the creation of data flows according to the record layouts required by the respective Supervisory Authorities and sent to specific test procedures
Key benefit
- Customize the application flexibly based on your operating model, supported by a wide range of parameters
- Take advantage of tranquil management of numerous online checks and over a hundred checks before NAV accounting
- Ensure compliance to regulatory and contractual requirements
- Benefit from a well-established application used by a large customer base
- Avoid onerous manual control tasks by automating controls and tallies both within the same accounting statement and across multiple accounting statements
Alternative Fund Administration
Alternative Fund Administration
Address the changing and complex management of Real Estate Funds, Private Equity and Credit Funds with ease of use, flexibility and completeness
Capabilities
Investment Management
Front and Middle Office managing investment, divestment and financing operations in securities and holdings
Fund Accounting
Accounting for alternative funds that invest in non-conventional investment securities
Document Management
Comprehensive management of documentation and reporting
Regulatory Reporting
Managing supervisory reports for Bank of Italy and Consob, with customizations for Real Estate
Key benefit
- Take advantage of comprehensive functional coverage of the entire administrative process of alternative funds
- Get full integration between operations, administration and accounting
- Benefit from the many years of industry experience of the development and support team
- Ensure compliance with Italian law (Bank of Italy, Consob, Covip), European legislation (UCITS IV, EMIR, CRS) and FATCA
Transfer Agent
Transfer Agent
Manage investment fund participation with maximum flexibility and in compliance to regulations
Capabilities
Management of Client Transactions
Customer instruction management (subscriptions, refunds, switches), unit management (split, groupinTA, transfers)
Share Price Calculation
Simulations of share price calculation, valuation of transactions, commission calculation (front load and back load)
Supporto of MiFID Regulation
Customer and product profiling, appropriateness checks
Anti-Money Laundering
Managing supervisory reports for Bank of Italy and Consob, with customizations for Real Estate
Regulatory Reporting
Transaction accounting, interfaces to distributors and Depositary Bank
Reporting
Management of inactive accounts, due diligence declarations and court orders
Key benefit
- Fully manage administration activities and all issues related to the asset manager’s relationships with customers, distributors and the Depositary Bank
- Comply with new regulatory requirements from data archival to privacy protection
- Reduce operational risk related to the incorrect valuation of subscriber positions
- Benefit from maximum flexibility in the management of any type of customer instruction
Depositary Banks
Depositary Banks
Supports Depositary Banks in their audit tasks of NAV calculation and management of fund participants
Capabilities
NAV Recalculation
Data ingestion, entry of non-automated operations, NAV recalculation, audit and reporting
Pre NAV Ticks
Ingestion of external data flows, configuration of preventive checks, manual checks and tracking of user interventions
Post NAV Ticks
Checking fund assets with NAV data received from the asset manager, highlighting differences
Participants
Covering the entire control and settlement activities, typical of a Depositary Bank in relation to fund’s participants
Dashboard
Dashboards tracking proper completion of the various activities and the emergence of exceptions, enabling the perception of progress and any critical issues at all times
Key benefit
- Benefit from full autonomy with respect to the operations of Securities Services
- Reduce operational risks associated with a miscalculation of NAV and incorrect valuation of subscriber holdings
- Take advantage of the flexibility of configurable controls based on your organizational model
- Ensure compliance with Italian and European regulatory requirements
- Take advantage of the efficiency of an intuitive and easily navigable HTML solution
