Custodians all over the world are entrusted with the safekeeping and processing of huge volumes of Securities. The value of Assets Under Custody (AUC) has grown exponentially in recent times. The securities industry is in a continuous state of transformation. Even leading institutions in the Financial Services Industry (FSI) have to continuously adapt to retain and extend their competitive advantage.
Expanding use of securities has increased the need for cutting-edge technology solutions catering to the entire life-cycle of the Securities industry. Custodians need to provide their clients with Clearing and Safekeeping services across international borders. The increased competition in the Securities industry has led to a renewed emphasis on cost-reduction across back-office operations.
Intellect Custody is a robust Custody Processing system with a proven capability to handle large volumes of transactions. It handles individual and corporate customer accounts seamlessly servicing both local and foreign clients. It also provides the ability to define Master Account – Sub Account relationships and to attach service types, billing charges, reporting schedules and SWIFT message addresses at the individual account level. The following solutions also come under the Custody umbrella and provide support for Mutual Fund Houses in the areas of Valuation, NAV Generation and Investor Services.
- Intellect Fund Accounting
- Intellect Registrar and Transfer Agency
Intellect Custody – Key Features:
- Asset Types and new products can be easily incorporated based on changing requirements
- Supports high volume processing through matching engines and end-to-end trade tracking and settlement across all instrument types
- Safekeeping of Assets through our relationships with local depositories, sub-custodians and agent banks.
- Client Self Reporting capability empowering custodian's clients to access real-time information
- Fee Structure can be configured based on various parameters suiting the customer and business needs
- Increased Operational Efficiency and reduced risk through automation of the entire corporate action cycle
- Reporting: The solution supports Strategic Reporting and Investment Reporting and meets compliance needs through administrative and regulatory reporting
- Centralized Global/Regional deployment – multiple sites across time zones on global environment
- Generic interface layer enabling connectivity to Regulators, Brokers, Exchange/Clearing Houses and Depositories
Intellect Fund Accounting – Key Features:
- GL Maintenance and Transaction Management with online balance updation
- Parameterization capability: Various charges configurable at Fund/Plan Level
- Supports Lien Marking and Revoking of securities
- Supports NAV Projection and NAV Recreation for any back date
- Equipped with Configurable Accounting Parameters and Valuation Rules.
Intellect Registrar and Transfer Agency – Key Features:
- Facilitates End-to-End Transaction Processing for a Fund House
- Trade processing is enabled via Imaging and Workflows
- Supports Corporate Actions Processing and Exchange Traded Fund Processing
- Ability to define multiple hierarchies of distributors
- Customized interfaces to connect to regulatory agencies, Banks, Distributors and Asset Management Companies (AMCs)
- Provides Self Servicing capabilities through the web portal for AMCs, Distributors and Investors.