Fund Accounting
Main Features
Management of Transactions & Portfolios
- Capture block and allocated trades through direct links to trading venues, CCPs, GCMs
- Support all asset classes as well as structured products and complex trading strategies
- Trades notifications, import and validation
- Trade confirmation and allocation to multiple accounts with user defined rules
- Portfolios’ transactions netting
- Exercise/Assign of contracts and generation of any underlying trades
- Life-cycle events for OTC derivatives
A full range of financial and other investment instruments is supported by the system
- Cash instruments, Money Market & FX deals, listed and OTC derivatives
- Fund of Funds, structured products and exotic derivatives
- Real Estate and Private Equity Investment Characteristics
Fees and Expenses
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Calculation of transaction, management, custody and administration fees
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Any type of schedule for automatic calculation based on user-defined schemes and manual adjustments
- Amortization of expenses and incomes using any type of cash flow schedules
- Performance fees - high water mark and hurdle rates
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Shares adjustment equalization approach for investors’ performance fee
Valuation and NAV
- Realized/Unrealized PnL calcualtion based on several methodologies (FiFo, LiFo, unit cost, weighted average, specified matching, etc.)
- Calculate analytically portfolios’ cash flows and cost analysis
- Mark-to-Market/Model valuation based on theoretical pricing models (i.e. NPV for interest rate products and option pricing models)
- Portfolio cash flow projections
- Accruals management (amortization schedules)
- Portfolio accounting and NAV calculation per share class
Interfaces and Reconciliation
- Interfaces with brokerage firms for automatic import of daily transactions
- Connect to General Clearing Members (GCMs) or other trading platforms for real-time deal capturing
- Interfaces with custody banking systems for automatic import and control of daily cash transactions and balances
- Interfaces with custodians for daily reconciliation of positions, cash balances and NAVs
- Interface with data vendor (i.e. Bloomberg, Thomson Reuters, SIX Financial, etc.) for instruments characteristics, closing prices, FX rates, interest rates, spreads, and corporate action events
- Documented web services and SQL views for integration with other systems
Cash Management
- Management of cash bank accounts and reconciliation
- Cash flows generation and automatic payments
- Automated FX transactions generation
Financial Statements
- Multiple parallel accounting frameworks (IFRS, US GAAP)
- Ledger entries are automatically generated and posted to the appropriate accounts based on pre-defined or custom posting rules
- High degree of customizations to companies’ accounting schemes
- Automatic generation of annual reports
- Reports and statistics for regulatory authorities