Comprehensive custody back office functionality.

Tailored to suit your distinct needs and vision.

CustodyPlus Introduction

CustodyPlus is a fully integrated software system with comprehensive functionality for automating securities back office operations. Since 1998, the software system has helped Local and Global Custodians, I and other capital market participants enhance their service capabilities. It has also helped them lower operating costs, and respond to complex, frequently changing business requirements. CustodyPlus is a dynamic IT solution with unmatched flexibility to grow, adapt and evolve.

Safekeeping and Settlements

PROCESS MONITOR

Process and monitor your daily operations in STP mode. The settlements engine creates trades based on client instructions, broker files or manual entries. 

SAFEKEEPING ACCOUNT HIERARCHY

Safekeeping account hierarchy allows maintaining  of global custodian and sub custodian accounts structures as well as direct relationships.

RULE BASED SETTLEMENT CYCLE

Configurable trade processing life cycles based on a number of parameters such as the asset type and execution arena, to take care of settlements processing in diverse markets.

DEPOSITORY INTERFACE AND RECONCILIATION

Automated positions reconciliation with local and international depositories as well as sub-custodians through a variety of interface options.

POSITION AND CREDIT CHECKING

Trade matching and settlement triggers value-dated position and cash sufficiency checking. This allows preemptive action to be taken, reducing the chances for a failed trade.

 

Prices and Valuation

COMPREHENSIVE VALUATION ENGINE

The product supports a comprehensive valuation engine. It allows you to set up different valuation methods depending on your client’s requirements. It supports all the industry standard valuation formulae out of the box and can be configured to include any other market specific valuation method if it is required.

MULTIPLE DATA SOURCES

There is support to collect price related data from multiple price sources. Some of the standard sources supported out of the box are:

  • Pricing Vendors (e.g. Bloomberg, Reuters, etc. )

  • Excel, web api or csv feeds from exchanges or other sources.

  • Price extraction from SWIFT MT535 messages.

  • Price calculation based on configured formulae.

  • Manual input of prices.

DASHBOARD

A blotter interface helps you to visualize your pricing and valuation data in a single view. A configurable exception handling mechanism helps you to identify variations in the pricing and valuations which increase your efficiency to correct errors.

 
 

Asset Servicing

FULL RANGE OF CORPORATE EVENTS

The system covers a wide range of mandatory and voluntary distribution and reorganisation events. Events are captured through notification from a CSD, Custodian or an information provider. Entitlements are auto created and processed.

CONFIGURABLE STAGES

Corporate actions processing could have variations depending on the market. This engine allows you to configure the corporate actions processing depending on the market you are operating in.

WORKFLOW AND CLIENT NOTIFICATIONS

This engine allows you to customize workflows, set up alerts and notifications for users as well as your end clients at various stages.

CONFIGURABLE TAX TABLES

Net payments are computed using tax tables based on the type of asset, investor domicile, event type and many other criteria.

AUTOMATED CLIENT REPORTING

Clients can be kept informed from  announcement till the close of processing of the corporate event via multiple modes such as SWIFT, email and SMS.  Once the event is processed, the claims if any can directly be raised based on the information in the system.

STP & Messaging

BI-DIRECTIONAL SWIFT

All relevant securities and cash SWIFT messages are supported, providing for an STP environment: ISO 15022, ISO 20022 as well as proprietary messaging formats. 

MULTIPLE REPORTING FORMATS

Client reports can be sent by fax, encrypted email and by proprietary file formats, or a combination of any of these. 

SCHEDULED REPORTING

All client reports can be scheduled for automated generation and transmission on a client by client basis or even at safekeeping account level. Reports can be sent to multiple destinations.

MESSAGE REPAIR

Inbound  SWIFT messages are validated by a SWIFT processing engine and any exceptions are routed to a repair queue for assisted manual repair. 

PROCESS MONITOR

Process and monitor your daily operations in STP mode. The settlements engine creates trades based on client instructions, broker files or manual entries. 

 

Cash Ledger

MULTI-CURRENCY CASH ACCOUNTS

Cash accounts for clients can be maintained at safekeeping account or relationship level. Automated reconciliation with core banking system. 

CAPITAL AND INCOME ACCOUNTS

Cash accounts can be designated as income or capital accounts. Settlement related cash transactions utilise capital accounts. Corporate Event income utilises income accounts.

GL ENTRIES

Any number of cash transaction types can be setup with corresponding GL Codes. Accounting entries are passed to the core banking system. 

PAYMENTS INTERFACE

Ability to interface with internal and external payments systems or to generate SWIFT  payments instructions directly.

CASH STATEMENT REPORTING

Send clients cash statements and advice of debit or credit by SWIFT, email, fax or proprietary mode of transmission. Detailed narrations used on cash statements.

 

Fees

FLEXIBLE FEE SCHEDULES

Highly customisable fee schedules make it possible to setup almost any combination of rules of calculation of settlement and safekeeping fees. Features include sliding/tiered scales, minimum fee, charging by asset type and location.

FEE SCHEDULE ASSIGNMENT

Fee schedules can be assigned to a single safekeeping account, to a group of accounts or to a relationship. 

USER DEFINED SERVICES

User defined services allows setting up of one off fee (out of pocket expenses) or extraordinary services. Such services can be a flat fee, periodic, or based on service utilisation.

DETAILED CLIENT INVOICES

Client invoices contain details of all service utilisation along with the fee schedule applied, allowing for reconciliation of the computed amounts. 

DIRECT DEBIT

Provision for direct debit or for receiving bill payments into a nostro account. Payments are tracked and outstandings are updated. 

MULTIPLE BILLING PERIODS AND CURRENCIES

The system allows bill generation for different frequencies based on client. The billing currency can also be selected at client or safekeeping account level. 

 

Client Reporting

COMPREHENSIVE OUT-OF THE BOX REPORTS

Generate more than 45 different reports to obtain a holistic perspective on the overall management of the agency and the pension fund in general.

EASY EXPORT TO OTHER FORMATS

For ad hoc reporting capabilities, retrieve custom data sets and export them instantly to Microsoft Excel or csv.

AUTOMATED REPORT SCHEDULER

A flexible rule based system of client notifications ensures timely reporting for different events on the system.

MULTIPLE MODES AND FORMATS

Multiple modes of reporting including SWIFT, encrypted email, SMS and proprietary file formats.

CUSTOMIZABLE REPORT PACKAGES

All client reports can be scheduled for automated generation and transmission on a client by client basis or even at safekeeping account level. Reports can be sent to multiple destinations.

 

Risk Management

STANDALONE PRICING SYSTEM

Cut down on counterparty risk with built-in Residual Spread Analysis, enabling you to independently verify the prices obtained from brokers, dealers and banks.

 

COMPREHENSIVE RISK MEASURES

Get a comprehensive view of your risk. VaR, Key Rate Duration, Delta and Gamma are just a few of the wide range of calculations at your disposal.

 

PRICE BEHAVIOR ANALYSIS

This advanced approach to risk management keeps you steps ahead of the game. Our Price Behavior Curves (PBCs) projects fair values relative to changes in economic variables such as interest rates, inflation rates, equity indices, default rates and more.

 

Compliance

REAL-TIME REPORTING

Reports real-time capacities across each fund for every asset and rule, pre- and post- trade

AUTOMATIC BREACH NOTIFICATIONS

Validates real-time compliance results instantaneously across all funds and provides automatic breach notifications

CONFIGURABLE RULE ENGINE

Utilises rules engine that can handle any rule type, regardless of complexity

POWERFUL AUDITING

Provides fully audited results with compliance breach and cure management workflows

COMPREHENSIVE REPORTING

Offers automated and customizable summary and detail reports and dashboards

 

Document Management System

CENTRALIZED STORAGE

Streamlined central storage and organization of documents

ADVANCED DIGITAL DOCUMENT REPOSITORY

All documents stored securely in digital form.

EASE OF MANAGEMENT

Management of faxes, emails, and scanned documents

POWERFUL SEARCH AND DISCOVERY

Retrieve documents using the comprehensive search feature based on one or more parameters.

ENTERPRISE-GRADE SECURITY CONTROLS

Industry standard security protocols for storage and transmission.

 

Reports & Analytics

COMPLETE AUTOMATION

All client reports can be scheduled for automated generation and transmission on a client by client basis or even at safekeeping account level. Reports can be sent to multiple destinations.

 

MULTIPLE TRANSMISSION MODES

Send clients cash statements and advice of debit or credit by SWIFT, email, fax or proprietary mode of transmission. Detailed narrations used on cash statements.

 

HOLISTIC PERSPECTIVE

Provide customers with a holistic perspective of day-to-day performance, valuation and forecasted future cash flows.

 

INTUITIVE CONTENT

From configurable automatic generation to specific on-demand needs, our Reports module enables you to deliver impressive targeted quality in terms of content and visual presentation.

 

Regulatory Reports

MONITOR COMPLIANCE

Monitor Fund Administrator compliance with regulator approvals and report exceptions.

DETAILED REPORTING

Generation of reports for the regulator across the full range of processing activities.

 

Self-service Digital Portal

EASY TO USE

Provide standard and wizard-based portals for customers and partners to quickly and accurately initiate and maintain self-service transactions and communication; use a common look and feel through any preeminent web browser.

INFORMATIVE DASHBOARDS

Our web client platform provide investors with a 360° overview of their portfolio valuation, performance, future cash flows and personal reports.

REAL TIME

Real-time access to reports and investment information

 

Performance Measurement & Attribution

MULTIPLE RETURN TYPES

Multiple return types (capital, income, base/local currency, gross or net of fees)      

EASY RETRIEVAL OF INFORMATION

Roll-up to any classification level and report to any time frame and currency

ACCURATE BREAKDOWNS FOR EASY ANALYSIS

Decomposition of return to security and FX component. Fund-of-Funds and benchmarks look-through for in-depth performance analysis

TRACK MULTIPLE MANAGERS

Multi-manager performance tracking

GROUP PORTFOLIO TRACKING

Calculation of performance in group of portfolios and contribution to each portfolio

EXTENSIVE RANGE

Extensive range of financial instruments are covered (from plain vanilla listed securities to OTC derivative and structured products)

COMPREHENSIVE AUDIT TRAIL

Detailed maintenance of return figures for full audit trail

 

Reconciliation

DEPOSITORY INTERFACE AND RECONCILIATION

Automated positions reconciliation with local and international depositories as well as other entities through a variety of interface options.

CASH RECONCILIATION WITH CORE BANKING SYSTEM

Automated transactions and balance reconciliation with core banking systems to ensure that mirror accounts are in sync with core banking accounts.

 

Vault Management

MANAGE PHYSICAL CERTIFICATES

CustodyPlus Vault Management automates processing and tracking of certificated securities under custody across multiple vaults. Certificate locations within the vault are tracked and the transaction status relating to the certificate is maintained.

RECORD VAULT OPERATIONS

Vault operations such as Vault-in, Vault-out, Temp-out, Temp-return are recorded through the registration process of certificated securities. 

MULTIPLE DENOMINATIONS AND SERIES

The system supports any mix of quantity denominations within a certificate transaction. Multiple certificate number series and numbering conventions are available. Post registration certificate consolidation is supported.

LINK TO SETTLEMENTS WORKFLOW

The Vault Management system links to the settlements workflow, such that vault operations staff are notified of the expected arrival or delivery of certificates. Certificates are referenced to trade settlements.

VAULT RECONCILIATION

Vault reconciliation exception reports highlight any differences between positions held by safekeeping accounts in certificated securities and the quantities held as certificates in the vault.

 

International Compliance

MiFID, IFRS, BASEL

ENHANCED VISIBILITY

Gain complete visibility into the real-time status of all compliance requirements.

 

ADVANCED ANALYTICS

Track and analyze your compliance progress with the most telling metrics and dynamic charts.

 

PROGRAMMABLE REMINDERS

Leverage real-time alerts to proactively manage your compliance tasks.

 

REAL-TIME COMPLIANCE TASKS

Your compliance task schedule auto-populates based on your legal entities and the latest regulations.

 

TRACK YOUR COMPLIANCE PROGRESS

Get instant updates on the progress of your compliance tasks.

 

MANAGE TASKS THROUGH THE CALENDAR

Assign tasks, update statuses, collaborate with other users and sync with MS Outlook.

 

KYC & AML

KYC/ KYB

  • KYC identity and verification checks for individuals

  • KYB corporate registry and beneficial ownership checks

AML

  • AML proactive monitoring and alerts or rescreening

  • AML transaction screening (sender, beneficiary, bank, reference text)

  • Transaction monitoring for suspicious behaviour (real-time/retrospective)

FATCA & CRS ONBOARDING

Ensure that your new customer on-boarding processes are compliant with FATCA and CRS.

PROSPECTS & INVESTORS PROFILING SECTIONS

  • Extensive Information including Corporate Information

  • Client Relationships (E.g. Business, Family, etc.)

  • Contacts and Preferences

  • Investment Goals & Objectives

  • Investment Restrictions, Rules and Constraints

  • Suitability of the funds - MIFID

  • Investment Preferences, fees and Marketing

  • Customizable Sections

AGED ANALYSIS REPORTING – 30/60/90 DAY RULE

This report displays accounts with their aged balances . This enables you to follow up on overdue accounts as well proactively target accounts where the information needs renewal.

 
 

Property Management Module

FULL RANGE OF PROPERTY OPERATIONS

Property operations across real estate asset classes

STORE AND RETRIEVE DETAILED INFORMATION

Securely maintain expenses, accept rent, and create reporting.

FORECAST CASH FLOWS

Track budgets, rent, insurance payments and more with powerful reporting.

 

Initial Public Offering

END TO END PROCESSING

The system offers a dedicated module for processing of IPO’s from subscription till allotment.

DETAILED SUBSCRIBER INFORMATION

Complete details of subscribers, both retail as well as institutional, can be captured. There are customizable sections which cater to any market specific regulatory requirements.

AUTOMATED ALLOCATION MANAGEMENT

The allocation criteria finalized by the issuer can be captured on the system and automatically applied to the subscriptions.

ALLOTMENT NOTIFICATION

Once allotment is finalized, all subscribers are notified automatically via email or SMS.

AUTO REFUNDS

For unsuccessful subscriptions, refunds are made automatically from the IPO account to the accounts indicated by the applicant on the application form.

TRANSFER TO REGISTRAR

The successful allotments are then sent to the registrar to form the register for this issue. This can be done via bulk data export or an automated interface.

 

Workflow & Customer Query Management

END TO END TRACKING

Customer queries are tracked from initiation to resolution with automated workflow process.

AGE ANALYSIS

This report gives the complete information regarding the time-frames for customer queries as well escalate long-running queries for swift resolution.

ADVANCED SEARCH CAPABILITIES

Get real-time access to all customer queries with powerful search features.

 

Integration

MULTIPLE OFF THE SHELF INTERFACES

Interfaces with popular core banking systems like Finacle, Flexcube, T24 are available right away.

REAL-TIME OR SCHEDULED

Integration in real time or via scheduled export

OPEN ARCHITECTURE

Automated exchange of data via API

RANGE OF INTERFACES

The system is designed to interface with all types of market participants such as brokers, asset/fund managers, custodians, registrars, transfer agents and depositories.

 

Dashboard Interface

SIMPLE YET POWERFUL VISUALS

Visual presentation of performance measures

MEASURE EFFICIENCIES/INEFFICIENCIES

Instantly identify and resolve issues

MULTIPLE OPERATIONAL AREAS

Gain total visibility of all operations instantly and save time compared to running multiple reports

EXCEPTIONS HIGHLIGHTING

Quick identification of data outliers and correlations leading to better management of operations.

 

Illiquid & Alternative Investments

FULL COVERAGE

Allows setup and configuration of assets from global REITs to co-investment opportunities which address the investment, operational and organisational issues of concern to today's alternatives investor.

REAL ASSETS

The system allows setting up of real assets, such as real estate and infrastructure, represent one of the fastest growing segments within broader global alternatives environment.

 

PRIVATE EQUITY

Allows setup and configuration of a spectrum of private equity and infrastructure strategies including venture capital, buyouts, mezzanine, distressed, special situations and natural resources.

 

© 2019 by Sectech Limited