Sectech UnitTrust

Unit Trust administration functionality.

Tailored to suit your distinct needs and vision.

Sectech UnitTrust

The Unit Trust Software is built with cutting edge technology to enable users efficiently and effectively run and administer Unit Trust and Umbrella Funds.The system is integrated to the trading module to allow the user trade on behalf of the fund. Administering client data and transactions is seamless due to the inclusion of various modules

Unitisation & Transaction Processing

UNITHOLDERS ACCOUNT MAINTENANCE

Complete functionality to manage an investor’s account.

CALCULATION OF UNIT PRICE, FEES AND EXPENSES

Computation of the unite price for each fund on a daily basis. Computation of the proposed issue and redemption price based on management practice.

INCOME DISTRIBUTION - DIVIDEND AND BONUS UNITS

Functionality to undertake the distribution of dividend or bonus units to all unitholders registered with the fund upon distribution date. Generation of tax warrants and statements to the unit-holders.

TRANSACTION PROCESSING

Transactions capturing functions to automate the various business processes undertaken in the Unit Trust operation including sales, redemption, reversal, transfer, scrip split/merge, replacement and collaterisation.

 
 

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. 

 

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.

 

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.

 

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

 

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.

 

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.

 

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

 

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.

 

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.

 

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.

 

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.

 

© 2019 by Sectech Limited