Institutional Service

Transcription

1 Enterprise Solutions Institutional Service The market standard in fund servicing

2 Dealing Settlement Reconciliation Distribution Reporting Your number one partner for automated fund trading and settlement

3 Experience a new standard in fund trading Partner with a proven platform Cofunds is the UK s leading investment platform. With over a decade of experience, Cofunds is responsible for administering fund holdings with a total value of more than 60 billion (as of November 2013). Cofunds institutional service uses its proven technology and industry position to engineer a service specifically to support fund trading. We streamline, accelerate and risk-proof the whole fund trading cycle for a client base that includes wealth managers, pension funds, life companies, platforms, discretionary portfolio managers and private banks. From dealing to settlement, reporting, reconciliation, custody and distribution management, Cofunds can help you to transform your whole administrative process. Market-leading features As the fund universe becomes more complex, our institutional trading service sets the industry standard, including: Intra-day pricing receive dealing prices for your fund trades as soon as they become available after the valuation point. Guaranteed contractual net settlement receive or pay just one payment a day, with every trade settled on the value date. Straight through processing a fully automated service that reduces the risk of errors and makes your processes more streamlined and efficient. Conduct every stage of the dealing process electronically. Fund manager documentation is eradicated. Error rates and operational risks are minimised. All of this is available using your existing back office systems and processes enabling costeffective migration. Integration with Cofunds is simple and fully tailored around your specific business requirements.

4 No matter how complex or high volume your daily fund trading activities, Cofunds keeps the process efficient, simple and 100% reliable. Trade funds your way, every day Dealing Our platform enables you to place trades quickly and easily via a fully automated straight through processing (STP) solution. You can trade in more than 6,500 funds and a further 1,200 offshore GBP funds. Every trade is confirmed by us in less than one second and the valuation point is guaranteed. Settlement Trades are priced and settled using automated market leading settlement systems. We also offer net settlement, so no matter how extensive your daily trades, you receive or pay just one payment per day. The net settlement cash amount can be settled by CREST, CHAPS or SWIFT it s your choice. What s more you don t have to wait for us to receive funds from the fund manager before we settle your redemption trades. Our platform contract with each fund group means every trade is settled on the value date. Pricing With Cofunds STP technology, you can report trades faster and more easily than ever, supported by both intra-day and overnight data files. Dealing prices and the confirmed consideration are made available as soon as they re available from the fund manager - as quickly as one hour after the valuation point. By harnessing this powerful resource, Cofunds clients can offer servicing standards well ahead of many of their peers. Reconciliation One of the most time-consuming posttrade activities for the back office is reconciliation; matching fund holdings against fund manager records. Cofunds will transform your operational efficiency by providing daily automated reconciliation reports in a format of your choice across all funds held within our service.

5 6 Contractual net settlement You Trade 2 4 confirmed Cofunds You instruct 1 3 trade Trade priced and settled Aggregated trade placed Fund managers 5 Net settlement report Our open architecture systems make it easy for you to input your trades. To give you peace of mind Cofunds confirm receipt of the trade instruction in less than one second. This not only guarantees the valuation point but also helps you manage and predict your cash flow. All trades are aggregated by Cofunds and placed electronically with the fund managers. The trade is priced and settled using market leading settlement infrastructure. 5 6 Once the trade has been priced and settled, we make electronic intraday and overnight data files available for download providing details on all aspects of asset servicing. Trades are settled daily, on value date, on a net and contractual basis. Net settlement means you receive or pay just one payment in or one payment out per day; saving you time on cash management and money on multiple transaction charges. Contractual means Cofunds do not have to wait to receive funds before we settle your trades; all our instruments are underpinned by a platform contract with each of the fund groups.

6 Cofunds institutional service has grown rapidly over the past few years as it s gained significant traction in the market. During this time we ve expanded our offering to include new tools and services to help you and your teams with your day to day tasks.

7 Find solutions to fit your business needs Our aim has always been to enable you to reduce your risk while increasing your efficiency. By transferring your dealing and settlement risk to us, you can focus on your core disciplines without administrative distraction. With simple ideas like guaranteed contractual settlement, gross distributions, reconciling your positions on a daily basis and identifying and clearing discrepancies intra-day we help you and your teams to be more efficient. We ve shaped the service we offer based on your feedback. Understanding the obstacles, irritations and headaches your teams have to overcome, shapes the development of our service. So let us know the problems you face so that we can set about finding the solutions. Our Multi-Currency Service With growing demands for easy access to Dublin and Luxembourg funds, Cofunds is expanding its service to include more and more European domiciled funds for its clients. With our Multi-Currency Service: You can trade your non-sterling mutual funds business via Cofunds Cofunds manage all aspects of the market side counterparty relationship You can keep your existing account structure, if you re already a Cofunds Institutional client The trades can be settled in the fund currency or the equivalent Sterling amount Of course there is contractual net settlement for all currencies And you benefit from electronic reporting to help with your reconciliations.

8 Cofunds institutional service provides powerful benefits for any firm that relies on efficient fund trading to service its clients and grow its business. Harness the benefits for your business Reduce risk Fully automated dealing solution Contractual fund settlement removes the settlement risk STP minimises errors at every stage of trading, settlement and reconciliation Increase efficiency Electronic trading and automatic record updating reduces the burden on your back-office Elimination of fund manager documentation simplifies administration Consolidated monthly trail commission payments simplify and regulate your cash flows Stay in control Use your preferred cash settlement network CREST, CHAPS or SWIFT Maintain comprehensive online data on your organisation s fund trading activities Focus on just one electronic reconciliation in one location Add value for your clients Clients can receive either net or gross income distributions on the fund manager pay date Intra-day fund pricing enables timely production of client confirmations and reports Trading available for over 7,700 fund instruments across a range of currencies and share classes Opportunity with fewer constraints In short, by harnessing Cofunds technology and expertise, you ll find that operational constraints on your business are dramatically reduced. You ll be able to resource your back office administration teams far more efficiently. Fund business can be easily scaled up without a significant increase in costs. By replacing manual processing with our fully automated solution you will reduce the risk of costly errors. Most important of all, you ll have more time and resources for the clientfocused activities that add the greatest long-term value to your business.

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11 Your fund trading solution is here Moving to Cofunds Partnering with Cofunds is simple. We look to provide a solution that will interface with your existing back office systems and processes, with no interruption to your day to day activities. Solutions built around you Cofunds supports all market-leading non-proprietary messaging services, giving you flexibility and choice: SWIFT XML FIX ISO 15022/ Alternatively, you can connect with Cofunds through our web dealing system. We ll also work with you and your chosen technology partner to create a bespoke solution should this be required. We ve already developed interfaces with leading system providers to allow our service to be deployed with minimal lead time. Our team is ready to discuss your system requirements. Transfer of assets We ve developed deep expertise in transferring assets efficiently onto the Cofunds platform. Working closely with you, we can develop a timetable to automate asset transfer without any interruption to your fund trading. We provide full technical and project support so you can integrate Cofunds services into your business with minimal demand on your people and resources. Dedicated relationship team at your service At Cofunds, you have the reassurance of a dedicated relationship team with a named relationship manager. They coordinate your migration to Cofunds and provide ongoing support to ensure Cofunds continues to meet and exceed your needs. We support you with: Daily contact throughout the asset transfer process Regular account meetings Monthly reporting against Key Performance Indicators.

12 Talk to Cofunds today Our team is available now to discuss your requirements for an efficient fund dealing solution. For more information or to arrange a meeting, please contact us on: CofundsInstitutional@cofunds.co.uk This is not a consumer advertisement. It is intended for Professional Financial Advisers and should not be relied upon by private investors or any other persons. Issued and approved by Cofunds Limited One Coleman Street, London, EC2R 5AA Registered in England and Wales under No, Authorised and regulated by the Financial Conduct Authority (FCA). FCA registration No IG05 04/14