Capnetix is pleased to announce the latest release of its flagship Fundix™ product which contains a number of features specifically targeted at addressing the regulatory complexities and rising costs associated with managing transfer agency and related fund administration activities.
Built on a state-of-the-art web architecture (SaaS 2.0) Fundix™ centralizes all processing effectively removing the hurdles often associated with implementing transactional systems resulting in a faster time to ROI. With its’ built-in workflow capability Fundix™ reduces bottlenecks and increases visibility in processing daily activities such as daily NAV calculations and tax/dividend processing. Funds can be brought on-line in a matter of days and most importantly Fundix™ is designed to scale based on your processing requirements and growth curve regardless of the size of your firm’s assets under management.
“In this increasingly complex financial and regulatory environment investment management companies are finding themselves struggling to ensure business transparency while trying to maintain a competitive edge in terms of both service and cost.” said Charlie Peppler, CEO of Capnetix. “Capnetix is very excited about this release of Fundix™ which we believe will help companies gain the upper-hand in managing these considerable challenges.”
Key features found within the latest release of Fundix™ include:
• Support for both currency and unit specific trades.
• Flexible browsing of all active trades, allowing final review before processing.
• Configurable dividend handling (including dividend reinvestment or cash payout).
• Form driven fund setup, including name, CUSIP, precision for price and unit calculations, and election of pricing algorithm.
• Configurable fee calculations and pricing algorithms.
• Inventory of off-the-shelf reports for trade confirmations, account value history, price reports, month end reports.
Showing posts with label NAV. Show all posts
Showing posts with label NAV. Show all posts
Tuesday, 21 October 2008
Thursday, 18 September 2008
Federated Investors Try to Reassure
Federated Investors, Inc. (NYSE:FII) provides an update on the money market funds the firm manages.
In light of recent market conditions, Federated wants to assure its fund shareholders and clients that the firm's money market funds continue to be high-quality investment products designed for use by fiduciaries and other investors who have stringent requirements for safety and daily liquidity at par. While money market funds are not guaranteed, Federated remains confident in its ability to maintain a $1.00* net asset value (NAV) across the money market franchise as the firm has done for over thirty years.
Federated will continue to manage money market funds with an unrelenting focus on credit analysis, high credit standards and maintenance of minimal credit risk. To this end, Federated uses an internal, proprietary credit analysis process and has its own ratings function. The firm has developed its own sophisticated systems and technological tools to assist its credit analysts in performing these vital functions.
Please note the following regarding Federated's money market funds: Federated's money market funds have no exposure to Lehman Brothers Holdings, Inc., American International Group, Inc. or Washington Mutual.
In light of recent market conditions, Federated wants to assure its fund shareholders and clients that the firm's money market funds continue to be high-quality investment products designed for use by fiduciaries and other investors who have stringent requirements for safety and daily liquidity at par. While money market funds are not guaranteed, Federated remains confident in its ability to maintain a $1.00* net asset value (NAV) across the money market franchise as the firm has done for over thirty years.
Federated will continue to manage money market funds with an unrelenting focus on credit analysis, high credit standards and maintenance of minimal credit risk. To this end, Federated uses an internal, proprietary credit analysis process and has its own ratings function. The firm has developed its own sophisticated systems and technological tools to assist its credit analysts in performing these vital functions.
Please note the following regarding Federated's money market funds: Federated's money market funds have no exposure to Lehman Brothers Holdings, Inc., American International Group, Inc. or Washington Mutual.
Thursday, 11 September 2008
SmartStream In Korean Implementation
SHINHAN AITAS, part of the SHINHAN Financial Group, has selected TLM® Corporate Actions from SmartStream Technologies to deliver enhanced services to its client base.
SHINHAN AITAS is the leading fund administrator in Korea and provides a full range of outsourced services to Fund Managers. It is also the internal processing arm for parent company, SHINHAN Financial Group, the largest financial group in Korea.
It provides clients with Net Asset Value (NAV) calculations and reports across their portfolios and is implementing TLM Corporate Actions to feed corporate events into these accounts. The automation of the data scrubbing and event creation process reduces the level of manual intervention required and minimises the risks associated with errors. TLM’s functionality will enable SHINHAN AITAS to manage timely responses to events and monitor their processing requirements across their customer base.
TLM Corporate Actions, recently named as the best corporate actions solution at the 2008 Inside Reference Data awards, was selected due to its flexibility and capability to generate email notifications and communications between SHINHAN AITAS and its clients. Additionally, its exception-based workflows ensure that any exceptions are routed for efficient resolution enabling SHINHAN AITAS to provide a higher level of customer service.
Mr. Sangwoon Choi, CEO at SHINHAN AITAS, commented: “As the largest fund administrator in Korea, SHINHAN AITAS is focused on providing the most flexible and innovative services to our clients. The implementation of TLM Corporate Actions supports this commitment by automating our event processing and enabling us to provide more timely and accurate Net Asset Value information to our clients across all of their portfolios.”
Commenting on the new client, Richard Cummings, Asia Pacific Regional Director, SmartStream, said: “We are very pleased that TLM Corporate Actions was selected by SHINHAN AITAS for such an important part of their business. As the investment market grows in Korea, providing timely, accurate information to an increasing number of clients is going to be very important. Customer service and the delivery of ongoing service enhancements will be an important differentiator in an increasingly competitive market. We are delighted that TLM will help SHINHAN AITAS to meet these requirements and look forward to working with them to deliver greater value to their customer base.”
SHINHAN AITAS is the leading fund administrator in Korea and provides a full range of outsourced services to Fund Managers. It is also the internal processing arm for parent company, SHINHAN Financial Group, the largest financial group in Korea.
It provides clients with Net Asset Value (NAV) calculations and reports across their portfolios and is implementing TLM Corporate Actions to feed corporate events into these accounts. The automation of the data scrubbing and event creation process reduces the level of manual intervention required and minimises the risks associated with errors. TLM’s functionality will enable SHINHAN AITAS to manage timely responses to events and monitor their processing requirements across their customer base.
TLM Corporate Actions, recently named as the best corporate actions solution at the 2008 Inside Reference Data awards, was selected due to its flexibility and capability to generate email notifications and communications between SHINHAN AITAS and its clients. Additionally, its exception-based workflows ensure that any exceptions are routed for efficient resolution enabling SHINHAN AITAS to provide a higher level of customer service.
Mr. Sangwoon Choi, CEO at SHINHAN AITAS, commented: “As the largest fund administrator in Korea, SHINHAN AITAS is focused on providing the most flexible and innovative services to our clients. The implementation of TLM Corporate Actions supports this commitment by automating our event processing and enabling us to provide more timely and accurate Net Asset Value information to our clients across all of their portfolios.”
Commenting on the new client, Richard Cummings, Asia Pacific Regional Director, SmartStream, said: “We are very pleased that TLM Corporate Actions was selected by SHINHAN AITAS for such an important part of their business. As the investment market grows in Korea, providing timely, accurate information to an increasing number of clients is going to be very important. Customer service and the delivery of ongoing service enhancements will be an important differentiator in an increasingly competitive market. We are delighted that TLM will help SHINHAN AITAS to meet these requirements and look forward to working with them to deliver greater value to their customer base.”
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