Enterprise SolutionsInstitutionalService The market standard in fund servicing
Experience a new standard in fund trading Partner with a proven platform Market-leading features Dealing Your number one partner Cofunds is the UK’s leading independent investment platform. With over a decade As the fund universe becomes more complex, our institutional trading service sets the Settlement for automated fund of experience, Cofunds is responsible for industry standard, including: administering fund holdings with a total valueReconciliation Intra-day pricing – receive dealing prices Reporting trading and settlement of more than £34 billion (as at 15/09/2011). for your fund trades as soon as they become Cofunds’ institutional service uses its proven available after the valuation point. technology and industry position to engineer Guaranteed contractual net settlement – a service specifically to support fund trading. receive or pay just one payment a day, with We streamline, accelerate and risk-proof every trade settled on the value date. the whole fund trading cycle for a client base Straight through processing – a fully that includes asset managers, pension funds, automated service that reduces the platforms, discretionary portfolio managers risk of errors and makes your processes and private banks. more streamlined and efficient. From dealing to settlement, reporting, Conduct every stage of the dealing reconciliation, custody and distribution process electronically. Fund manager management, Cofunds can help you to documentation is eradicated. Error rates transform your trading process. and operational risks are minimised. All of this is available using your existing back office systems and processes enabling cost- effective migration. Integration with Cofunds is simple and fully tailored around your specific business requirements.
No matter how complex or high volume your dailyfund trading activities, Cofunds keeps the processefficient, simple and 100% reliable. Contractual 6 net settlement TradeTrade funds your way, every day 2 Trade 4 priced and confirmed settled FundDealing Pricing You Cofunds managersOur platform enables you to place trades With Cofunds STP technology, you can reportquickly and easily via a fully automated trades faster and more easily than ever, Aggregatedstraight through processing (STP) solution. supported by both intra-day and overnight You instruct 1 3 tradeYou can trade in more than 3,900 onshore and data files. trade placedoffshore fund instruments, in a range Dealing prices and the confirmedof currencies. consideration are made available as soon asEvery trade is confirmed by us in less than one they’re available from the fund manager - assecond and the valuation point is guaranteed. quickly as one hour after the valuation point. NetSettlement By harnessing this powerful resource, 5 settlement 1 Our open architecture 5 Once the trade has been priced andTrades are priced and settled using Cofunds’ clients can offer servicing standards report systems make it easy for settled, we make electronic intra- well ahead of many of their peers. you to input your trades. day and overnight data files availableautomated market leading settlement for download providing details onsystems. We also offer net settlement, so no Reconciliation 2 To give you peace of mind Cofunds all aspects of asset servicing.matter how extensive your daily trades, you One of the most time-consuming post- confirm receipt of the tradereceive or pay just one payment per day. instruction in less than one second. 6 Trades are settled daily, on value trade activities for the back office is This not only guarantees the date, on a net and contractual basis.The net settlement cash amount can be reconciliation; matching fund holdings valuation point but also helps you Net settlement means you receivesettled by CREST, CHAPS or SWIFT – it’s against fund manager records. manage and predict your cash flow. or pay just one payment in or oneyour choice. payment out per day; saving you Cofunds will transform your operational time on cash management andWhat’s more you don’t have to wait for us efficiency by providing daily automated 3 All trades are aggregated by money on multiple transaction Cofunds and placed electronicallyto receive funds from the fund manager reconciliation reports in a format of your with the fund managers. charges. Contractual meansbefore we settle your trades. Our platform choice across all funds held within our service. Cofunds do not have to wait to receive funds before we settlecontract with each fund group means 4 The trade is priced and your trades; all our instruments areevery trade is settled on the value date. settled using market leading underpinned by a ‘platform’ contract settlement infrastructure. with each of the fund groups.
Find solutions to fit your business needs Our aim has always been to enable We worked together to understand the issue you to reduce your risk while and our team found a solution that has helped increasing your efficiency. that client and others to work more effectively and efficiently in a way that suits them.Cofunds’ institutional By transferring your dealing and settlement With our Multi-Currency Service risk to us, you can focus on your coreservice has grown rapidly disciplines without administrative distraction. • You can trade your non-Sterling mutual funds business via Cofundsover the past few years With simple ideas like guaranteed contractual settlement, gross distributions, reconciling • Cofunds manage all aspects of theas it’s gained significant your positions on a daily basis and identifying market side counterparty relationshiptraction in the market. and clearing discrepancies intra-day – we help you and your teams to be more efficient. • You can keep your existing account structure, if you’re already aDuring this time we’ve We’ve shaped the service we offer based on Cofunds Institutional clientexpanded our offering your feedback. Understanding the obstacles, niggles and headaches your teams have to • The trades can be settled in the fund currency or theto include new tools and overcome, shapes the development of our equivalent Sterling amount service. So let us know the problems you faceservices to help you and so that we can set about finding the solutions. • Of course there is contractual net settlement for all currenciesyour teams with your day To give you an example - our Multi- • And you benefit from electronic reporting Currency Service was launched followingto day tasks. a conversation with a client at the to help with your reconciliations. beginning of last year, where he told us his frustrations with non-Sterling funds.
Cofunds’ institutional service provides powerful benefits for any firm thatrelies on efficient fund trading to service its clients and grow its business.Harness the benefits for your business Reduce risk Add value for your clients • Fully automated dealing solution • Clients can receive either net or • Contractual fund settlement gross income distributions on removes the settlement risk the fund manager pay date • STP minimises errors at every stage of • Intra-day fund pricing enables trading, settlement and reconciliation timely production of client confirmations and reports Increase efficiency • Trading available for over 3,900 • Electronic trading and automatic fund instruments in both Sterling record updating reduces the and non-Sterling share classes burden on your back-office Opportunity with fewer • Elimination of fund manager documentation simplifies administration constraints In short, by harnessing Cofunds • Consolidated monthly trail technology and expertise, you’ll find commission payments simplify that operational constraints on your and regulate your cash flows business are dramatically reduced. Stay in control You’ll be able to resource your back office • Use your preferred cash settlement administration teams far more efficiently. network – CREST, CHAPS or SWIFT Fund business can be easily scaled up • Maintain comprehensive online data on without a significant increase in costs. your organisation’s fund trading activities By replacing manual processing with • Focus on just one electronic our fully automated solution you will reconciliation in one location reduce the risk of costly errors. Most important of all, you have more time and resources for the client- focused activities that add the greatest long-term value to your business.
Your fund trading solution is here Moving to Cofunds Transfer of assets Partnering with Cofunds is simple. We look We’ve developed deep expertise in to provide a solution that will interface transferring assets efficiently onto with your existing back office systems the Cofunds platform. Working closely and processes, with no interruption with you, we can develop a timetable to your day to day activities. to automate asset transfer without any interruption to your fund trading. Solutions built around you We provide full technical and project Cofunds supports all market-leading support so you can integrate Cofunds non-proprietary messaging services, services into your business with minimal giving you flexibility and choice: demand on your people and resources. • SWIFT • XML Dedicated relationship team at • FIX your service • ISO 15022/ 20022 At Cofunds, you have the reassurance Alternatively, you can connect with of a dedicated relationship team with a Cofunds through our web dealing system. named relationship manager. They co- We’ll also work with you and your chosen ordinate your migration to Cofunds and technology partner to create a bespoke provide ongoing support to ensure Cofunds solution should this be required. continues to meet and exceed your needs. We’ve already developed interfaces with We support you with: leading system providers to allow our service • Daily contact throughout the to be deployed with minimal lead time. asset transfer process Our team is ready to discuss • Regular account meetings your system requirements. • Monthly reporting against Key Performance Indicators.
Talk to Cofunds today Our team is available now to discuss your requirements for an efficient fund dealing solution. For more information or to arrange a meeting, please contact us on: 0845 610 5406 CofundsInstitutional@cofunds.co.uk http://institutional.cofunds.co.ukIssued and approved by Cofunds Limited1st Floor, 1 Minster Court, Mincing Lane, London, EC3R 7AARegistered in England and Wales under No, 3965289.Authorised and regulated by the Financial Services Authority (FSA).FSA registration No. 194734 IG05 10/11