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FUND ADMINISTRATION

Managing the daily operations of investment funds, including depositary bank support, NAV calculation and transfer agent

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    Banking, Asset & Wealth Management Operation Solutions

    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