Investment Management Back-Office
A consolidated back-office solution for discretionary and advisory managed accounts among many custodians, clearing agents and brokers for any financial instrument and investment component.
Main Features
Investments Accounting
- Investments accounting, PnL calculation with several methodologies
- Maintenance of several managed accounts per customer account based on investment profile and strategy
- Mark-to-Market/Model valuation based on theoretical pricing models
- Transactions settlement process and reconciliation with custodians
- Analytical portfolios’ cash flows and cost analysis break-down
- Portfolio cash flow projections
- Corporate actions maintenance and automatic processing
- Confirmations, statements and detailed profitability/exposure/expenses reports
- Collateral transactions, valuation and reconciliation
- Structured floating indices and amortization schedules for fixed income securities/transactions
- Journal entries generation according to company's accounting scheme
Fees and Expenses
Calculation of fees and expenses based on user defined pricing schemes:
- Design and execution transaction fees schemes (Exchange, Clearing, Broker) - Complex fees schemes (groups, strategies, exceptions, etc.) per instrument, market, currency, product type, etc.
- Management, custody and administration fees calculation
- High water mark performance fees and hurdle rates
- Amortization of expenses using any type of cash flow schedules and manual adjustments
- Design and execution profit centre fees schemes (retrocessions)
Cash management
- Comprehensive cash accounts maintenance (multiple cash accounts per customer/clearing account/sub-account, nostro accounts)
- Automatic cash transactions and payment notes generation based on daily trading/investment activity
- Cash balances per transaction and valeur date
- On-line transactions and payments to banking systems
- Cash transactions and balances reconciliation
- Cash flow projections and projected cash balances
- Automated Money Market and FX transactions generation
Interfaces
- Interfaces with data vendors for uploading daily and historical closing prices
- Market data integrity controls based on calendars and holidays
- Electronic interfaces for data import/export/reconciliation
- Bulk orders receival and automatic allocation to multiple position accounts
