CustodyPlus 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.

 
 

CustodyPlus 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. 

 

CustodyPlus 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.

 

CustodyPlus Asset Servicing

WIDE 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. Full compliance with evolving data standards.

TAX TABLES

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

CORPORATE ACTIONS PROCESSING ENGINE

A full-fledged corporate actions engine processes events from entitlement creation, through to payment and trade creation. Client instructions relating to voluntary events are processed as part of the event life cycle. 

CLIENT NOTIFICATIONS

A flexible rule based system of client notifications ensures timely reporting through all stages of the processing cycle from event capture, entitlement creation through to receipt of income. 

OPERATIONAL RISK CONTROL

Enhanced operational risk control through an integrated life cycle approach, eliminating manual intervention and improving clarity and predictability across the entire corporate actionsmanagement process.

 

CustodyPlus 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.

CustodyPlus Fund Accounting

GENERAL LEDGER ACCOUNTING

The system delivers general ledger accounting for sophisticated account types and structures for mutual, institutional and pension funds. It features a fully configurable chart of accounts.

MULTIPLE TRANSACTION TYPES

Support for multiple transaction types - subscriptions, redemptions, contributions, withdrawals, dividends and corporate actions. 

FEE ACCRUAL PROCESSING

Daily accrual of fees including management, administration and incentive fee.

VALUATION AND NAV

NAV production - daily, weekly or monthly. Multiple valuation types supported.

FINANCIAL REPORTING

Standard accounting reports with on-demand access to ledgers and journals, valuation reports and general ledger reports that include NAV and the Trial Balance.

 
 

CustodyPlus Fund Compliance

COMPLIANCE SCHEDULES

Setup rule based compliance schedules to reflect the fund's investment charter or for regulatory compliance. Rules can be based on Investment limits, asset types, credit ratings and other criteria.

END OF DAY COMPLIANCE

Violation blotter - follow up of violation by rule/fund/severity. 

REPORTING AND DATA ADMINISTRATION

Compliance report scheduler with multiple report formats. Compliance dashboards. Data dictionary.

CONSISTENCY AND ACCURACY

Support for multiple asset classes, multiple currencies and multiple fund structures.

 
 

CustodyPlus Client Billing

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. 

Pension Contributions Processing

COLLECTIONS WORKFLOW

Full end-to-end workflow for the pension contributions collection process. Contribution schedule import, reconciliation with collection bank account.

RETIREMENT SAVINGS ACCOUNTS

Maintain retirements savings account with full history of employer and employee contributions. Interface with Pension Fund Administrators for reconciliation and automated updating of RSA database.

PENSION FUND ADMINISTRATOR INTERFACE

Reconciliation between Pension Fund Custodian and Pension Fund Administrators (PFAs) for collections and retirement savings account records. Automated reporting to PFAs.

REGULATORY REPORTING

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

INTEGRATION WITH PENSION FUND CUSTODY

Integration of pension contributions processing with pension fund investment accounts and investment allocation process. 

COMPLIANCE MONITORING

Monitor Pension Fund Administrator compliance with regulator approvals and report exceptions.

Pension Benefits Administration

PAYMENTS DISBURSEMENT

Disbursement of all benefits related payments to Retirement Savings Account holders. Maintenance of all RSA account activity and reporting to regulators. Support for annuities, death benefits, lump sum and others payment modes.

TRANSFERS

Process moving of RSA account from one Pension Fund Administrator to another or from one employer to another.

MONTHLY PROGRAMMED WITHDRAWALS

Support for automated monthly and quarterly programmed withdrawals. 

RETURNED MONIES PROCESSING

Processing of monies returned due to payments sent to incorrect account numbers. 

 
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