Sectech FundAdmin
Fund Administration functionality.
Tailored to suit your distinct needs and vision.
Sectech FundAdmin
Sectech FundAdmin covers the full range of a fund administrator firm functions, from investment risk and valuation management to investor reporting, from reconciliation and operations to market data, and all points in between. It is designed to be interfaced with broker, custody and other 3rd party systems for straight through processing. Functionalities are flexibly designed and continuously upgraded to meet the regulatory requirements of multiple markets and jurisdictions.
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:
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Pricing Vendors (e.g. Bloomberg, Reuters, etc. )
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Excel, web api or csv feeds from exchanges or other sources.
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Price extraction from SWIFT MT535 messages.
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Price calculation based on configured formulae.
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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.
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.
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.
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.
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.
Budgeting and Forecasting
REAL-TIME REPORTING
Generate precise, integrated, synchronized, real-time Statement of Cash Flows and Balance Sheet, P&L Statement, and other management reports without duplicating work or calculations.
DETAILED AND SUMMARIZED VIEWS
Drill down from summary to detail level to understand risks, variances and opportunities, and initiate faster changes in response to actual and predicted results.
EFFICIENT PLANNING
Gain a long-term view, with the ability to create rolling forecasts.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
KYC & AML
KYC/ KYB
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KYC identity and verification checks for individuals
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KYB corporate registry and beneficial ownership checks
AML
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AML proactive monitoring and alerts or rescreening
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AML transaction screening (sender, beneficiary, bank, reference text)
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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
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Extensive Information including Corporate Information
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Client Relationships (E.g. Business, Family, etc.)
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Contacts and Preferences
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Investment Goals & Objectives
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Investment Restrictions, Rules and Constraints
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Suitability of the funds - MIFID
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Investment Preferences, fees and Marketing
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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.
Treasury
AUTOMATE
Automates cash management processes across multiple business entities
SCHEDULED MOVEMENT
Allows definition of schedules for internal and external movements of funds
IN-BUILT COMPLIANCE
Complies with local and global financial standards and regulations
FORECASTING
Includes forecasting capabilities to identify liquidity trends
DASHBOARDS AND REPORTS
Detailed dashboards and reports on cash positions and liquidity
RISK MANAGEMENT
Manage different types of risks such as currency and interest rate fluctuations
HOLISTIC VIEW
Provides a holistic view of risks and opportunities related to cash management
NAV Calculation
ALL ASPECTS COVERED
Valuation and pricing for periodic (daily, weekly, monthly etc.), technical/hard close, indexed and ex-distribution pricing
MULTIPLE CALCULATION METHODS
Single price or dual price calculations such as NAV, bid, offer, or swing prices, as well as crediting rates
SUPPORT ACROSS VARIOUS PARAMETERS
Multi-class, multi-currency and hedged share classes
Consideration of other parameters. Calculation of management fees, performance fees, tax provisions and rebates
MULTIPLE PRICING POINTS
Multiple pricing points and complete or partial pricing re-runs
CONFIGURABLE CALCULATION TEMPLATES
Client specific calculation templates, with flexibility to configure client or fund specific business rules
Offshore Banking
REMOTE MANAGEMENT
Possibility to manage accounts from anywhere in the world. Remote generation of all basic documents such as payment orders, currency exchange orders, cash orders, free format message
LATEST ENCRYPTION PROTOCOLS
High-level security of transmitted information achieved by using the latest encryption technologies
COMPLETE CONTROL
Advanced automated control of clients' electronic documents
PLATFORM INDEPENDENT
Compatibility with any Internet browser, with no additional downloads
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.
