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:
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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.
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
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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.
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.