FundLine-S
System for automated settlement and
processing of mutual fund transactions and subscriptions
Fact Sheet FundLine-S
Info letter on mutual fund transactions with FundLine-S
At many fund companies and depositary banks, the processing of mutual fund transactions and subscriptions proves to be a labor-intensive activity for which time is critical. The abraxas solution FundLine-S (S stands for securities subscription) supports the entire workflow of mutual fund transactions:
- Entry of mutual fund orders
- Reporting with the mutual fund management module for scheduling purposes
- Calculation of transaction fees
- Splitting of commissions among various recipients (as required)
- Invoice generation
- Posting in the accounting system
- Reporting/transaction confirmation to the customer
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FundLine-S allows default values to be defined for loads, brokers, broker commissions, currencies, etc. This considerably reduces the manual effort for entry orders as well as the risk of errors.
Moreover, integration of FundLine-S in the infrastructure of the fund company and the depositary bank can avoid media discontinuities in processing. All transactions and information are processed straight through between the systems involved - manual intervention is no longer necessary. All in all, the use of FundLine-S facilitates extensive automation and ensures compliance with auditing standards in the processing of mutual fund transactions. |
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