Asset Managers
Liabilities management
For the management of Mutual Funds, this function regroups that of the Transfer Agent and that of the Custodian of the sender.The Transfer Agent receives all the Subscription and Redemption orders on the fund shares and the sender's custodian ensures the execution of all the operations and the affectation of the orders received to the fund shares.
- The asset manager must be able to process the centralisation of orders and manage the liabilities while conserving the identity of the ordering party.
- To establish the retroceded commissions a large amount of information must firstly be collected and consolidated from heterogeneous sources to identify the property of the fund shares and the distribution circuit.
- A calculation engine is indispensable to establish the commissions to be paid or received, according to parameters which are increasingly diverse (asset value, range of asset value, variable rates, basis points...)
- Today, mutual fund managers are called to multiply interactions with more and more interlocutors. They must notably be able to ventilate the management fees associated to a fund between the different intermediaries (managers, sales...)
- The asset manager must have flexible reporting tools, notably to be able to optimise the reactivity of the sales team.
- In the case of Mutli-managed funds, the asset manager must be able to calculate or verify commissions and retrocessions owed by the company.
- The company must also be able to calculate commissions and retrocessions to be paid to distributors and also verify the calculations of fees paid to distribution platforms.
- In the case of an asset management company which also centralises orders, it must be able to ensure the pre-centralisation, the centralisation and the reporting to the fund manager.