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Managing the daily operations of investment funds, including depositary bank support, NAV calculation and transfer agent
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
Key Features
– NAV Calculation
Fund accounting, asset valuation, preparation of fund balance sheet, reporting
– NAV Oversight
Full audit of fund assets for asset managers who outsource their fund administration, in compliance to UCITS V requirements and guidelines
– Limits Control
Ex-post regulatory controls, contractual limits, including exposure to derivative products, market or counterparty risk
– Financial Instruments
Administrative management of financial products and corporate actions
– Regulatory Reporting
Reports required by Regulatory Authorities
– Reconciliation
Reconciliation related to mutual funds, covering all specific needs of Asset managers, Brokers and Depositary Banks
Business Process as a Service
- Administrative management of assets
- Asset valuation
- Management of Corporate Actions
- NAV calculation and control
- Regulatory reporting
- Ex-post check of investment limits
- NAV check ex Depositary bank
- Daily reconciliations of fund account balances with Depositary Banks
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
Manage the complexities of Real Estate, Private Equity and Credit Funds with flexible, digital end-to-end solutions
Key Features
– Transfer Agent
Manage fund participants with maximum flexibility and in compliance to regulations
– Front Office
Manage the fund investment portfolio efficiently and in full compliance
– Fund and ManCo Accounting
Comprehensive, flexible accounting for alternative funds and asset management companies
– Regulatory Reporting
Managing regulatory reports for Bank of Italy and Consob, with specifics for Real Estate funds
Business Process as a Service
- Management of fund participants, registry keeping and communications to participants
- Full accounting management, dealing with property manager and credit/lending platforms
- NAV calculation according to regulatory specifications
- Customized balance sheet reclassifications
- Investor reporting
- Regulatory reporting
- Preparation of tax and VAT declaration reports
- Interfacing with depositary banks and support to company audit firms
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
Key Features
– Onboarding and AML/KYC
Managing fund participants and other related parties in full compliance to AML, MiFID, etc
– Import of Transactions
Import of client transactions sent by distributors or generated by recurrent plans and corporate actions
– Valuation and Accounting
Simulation of units valuation, valuation of client transactions, calculation of fees, commissions and rebates, taxes
– Settlement
Exchange of data with depositary banks to regulate transfers of cash and ownership, communication of outcome to distrbutors
– Reporting
Regulatory reporting, internal reporting, client reporting
Business Process as a Service
- Receiving and diagnosing customer disposition flows from distributors
- Uploading of customer orders to the system
- Valuation and accounting of fund participant accounts
- Administrative and fiscal management of fund participant accounts
- Managing of corporate actions on fund participant accounts
- Managing post-trade & settlement process
- Reconciliations of outstanding fund shares
- Reconciliations of UCITS inflow cash accounts
- Reporting to distributors of fund participant account balances and transactions
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 Bank Controls
Supports Depositary Banks in their audit tasks of NAV calculation and management of fund participants
Key Features
– Transfer Agent Controls
Monitoring of fund participants, capital calls, distributions and payments
– NAV Controls
Data ingestion, asset ownership verification, NAV recalculation, reconciliation, audit and reporting
Business Process as a Service
- Management of flows sent by Depositary Banks with daily balances of cash and securities accounts
- Reconciliation with internal data
- Preparation of reconciliation reports
- Monthly reports with discrepancies still outstanding by month/year
Key Benefits
- 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
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
Key Features
– NAV Calculation
Fund accounting, asset valuation, preparation of fund balance sheet, reporting
– NAV Oversight
Full audit of fund assets for asset managers who outsource their fund administration, in compliance to UCITS V requirements and guidelines
– Limits Control
Ex-post regulatory controls, contractual limits, including exposure to derivative products, market or counterparty risk
– Financial Instruments
Administrative management of financial products and corporate actions
– Regulatory Reporting
Reports required by Regulatory Authorities
– Reconciliation
Reconciliation related to mutual funds, covering all specific needs of Asset managers, Brokers and Depositary Banks
Business Process as a Service
- Administrative management of assets
- Asset valuation
- Management of Corporate Actions
- NAV calculation and control
- Regulatory reporting
- Ex-post check of investment limits
- NAV check ex Depositary bank
- Daily reconciliations of fund account balances with Depositary Banks
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
Alternative Fund
Administration
Manage the complexities of Real Estate, Private Equity and Credit Funds with flexible, digital end-to-end solutions
Key Features
– Transfer Agent
Manage fund participants with maximum flexibility and in compliance to regulations
– Front Office
Manage the fund investment portfolio efficiently and in full compliance
– Fund and ManCo Accounting
Comprehensive, flexible accounting for alternative funds and asset management companies
– Regulatory Reporting
Managing regulatory reports for Bank of Italy and Consob, with specifics for Real Estate funds
Business Process as a Service
- Management of fund participants, registry keeping and communications to participants
- Full accounting management, dealing with property manager and credit/lending platforms
- NAV calculation according to regulatory specifications
- Customized balance sheet reclassifications
- Investor reporting
- Regulatory reporting
- Preparation of tax and VAT declaration reports
- Interfacing with depositary banks and support to company audit firms
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
Transfer
Agent
Manage investment fund participation with maximum flexibility and in compliance to regulations
Key Features
– Onboarding and AML/KYC
Managing fund participants and other related parties in full compliance to AML, MiFID, etc
– Import of Transactions
Import of client transactions sent by distributors or generated by recurrent plans and corporate actions
– Valuation and Accounting
Simulation of units valuation, valuation of client transactions, calculation of fees, commissions and rebates, taxes
– Settlement
Exchange of data with depositary banks to regulate transfers of cash and ownership, communication of outcome to distrbutors
– Reporting
Regulatory reporting, internal reporting, client reporting
Business Process as a Service
- Receiving and diagnosing customer disposition flows from distributors
- Uploading of customer orders to the system
- Valuation and accounting of fund participant accounts
- Administrative and fiscal management of fund participant accounts
- Managing of corporate actions on fund participant accounts
- Managing post-trade & settlement process
- Reconciliations of outstanding fund shares
- Reconciliations of UCITS inflow cash accounts
- Reporting to distributors of fund participant account balances and transactions
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 Bank Controls
Depositary Bank
Controls
Supports Depositary Banks in their audit tasks of NAV calculation and management of fund participants
Key Features
– Transfer Agent Controls
Monitoring of fund participants, capital calls, distributions and payments
– NAV Controls
Data ingestion, asset ownership verification, NAV recalculation, reconciliation, audit and reporting
Business Process as a Service
- Management of flows sent by Depositary Banks with daily balances of cash and securities accounts
- Reconciliation with internal data
- Preparation of reconciliation reports
- Monthly reports with discrepancies still outstanding by month/year
Key Benefits
- 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
