MultiFonds Transfer Agent

To manage the complex process of shareholder record keeping and fund distribution, MultiFonds provides transfer agency functionality that fully supports the end-to-end requirements of investors, promoters, distributors, custodians, paying agents, fund administrators as well as tax authorities e.g. the EU Saving Directive. It handles both retail and institutional clients. Improved efficiency and reduced operational risk can be achieved through the use of our workflow tools.

The MultiFonds Transfer Agent system was conceived and developed to support the increasingly important and complex logistics of fund distribution in a global marketplace. Its open architecture and use of leading-edge industry standard development tools ensure almost limitless scalability. Extensive use of user-definable parameters guarantees continuity of operations in a changing environment. MultiFonds Transfer Agent can be used in conjunction with the MultiFonds Fund Accounting system, or with any other in-house or third-party fund accounting system.

The MultiFonds Transfer Agent system supports the following:

• Investor Services:
  Client / joint accounts set-up
  Investment account opening and restrictions
  Fund selection and matching of risk profiles
  Fund asset allocation

• Fund Promoter / Asset Manager Services:
  Client and fund foreign exchange trading
  Cash flow forecast / simulation
  Order bulking and order routing
  Fund supermarket
  Status management of orders and transfers
  Order / transfer transmission and queries

• Distributor / Institutional Services:
  Client, account and agent network management
  Commission reporting and payment
  Trailer fees reporting and payment
  Order / transfer transmission and queries

• Alternative Funds:
  Performance Fees based on High water mark / Benchmark NAV / Hurdle rate

• Core Transfer Agency Operational Services:
  Transaction validation and commission processing
  Savings and annuity plans
  NAV pricing and fund calendar
  Multi-lingual statement generation (holdings, transactions etc.) and payment instructions
  Corporate actions (dividend, reinvestment, split, merge etc.)
  Specific fund processing: money market / daily dividend / CDSC funds
  UK retail funds (ISA, PEP, Box management etc.)
  Fund volume controls / daily accruals
  End of day processing
  Agent positions for trailer fees
  Process and print workflow management
  Automatic transaction processing
  Multi-currency support

• Services to Fund Administrators:
  Cut-off management based on fund exchange groups
  Subscription / redemption reporting per share class

• Services to Paying Agents:
  Detailed corporate actions and payment instructions
  Commission, trailer and retrocession fee payments
  Commission log file
  Cash log file

• Services to Custodians:
  Cash and securities reconciliation
  Swift messages, interfaces to Vestima and FundSettle
  Transaction log file

• Services to Tax Authorities:
  EU Saving Directive and Swiss TIS reporting
  German Zwischengewinn / Aktiengewinn reporting
  Irish Finance Act reporting
  Tax log file

MultiFonds covers all major EU, including the UK, functionalities for nearly any type of fund products. The application is composed of a large base module and a range of optional, fully-integrated modules. Parameters and tables are user-definable allowing clients to configure the system to support their specific business requirements.

One platform meeting the requirements of global transfer agency service providers. MultiFonds is a genuine one platform-one database solution that supports multi-currency, multi-lingual and multi-jurisdictional business across multiple service centres. Major clients have successfully consolidated significant multi-jurisdictional, multi-site business on a single MultiFonds database.