middle/back office
For operations managers to truly achieve process automation, they need an integrated
solution that is using the same data as their portfolio & risk managers, across
all markets and asset types, avoiding data reconciliation.
Derivation Fund is able to value all asset types, monitoring P&L, risk and NAV in
real-time. Its complete fund administration framework comes equipped with out-of-the-box
interfaces to all the Prime Brokers and Administrators.
Derivation can comfortably support very high trading volumes, with operational automation
and flexible reconciliation tools identifying process exceptions. Cash management
worksheets detail balances whilst also forecasting future cash movements.
derivation highlights
- Trade lifecycle: Flexible booking with trade statuses, history, orders and fills fully managed; with connectivity to Prime Brokers & Administrators, as well as price and terms data vendors.
- P&L and cash management: Real-time P&L viewable by any period, using a complete range of price sources; with cash ladders forecasting cash & securities holdings.
- Reconciliation and automation: Corporate actions are processed seamlessly, with an automated reconciliation tool to address process exceptions.
- Reporting: Configurable reporting suite, with many pre-formatted reports.
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key features
trade & market data
- Trades order & fills may be directly entered, loaded from files or FIX drop copies.
- Complete trade lifecycle, with trade history and full audit trail; generating CSV/XML trade file exports to all Prime Brokers and Administrators.
- Connectivity with Bloomberg, Reuters, CMA & MACE for pricing and instrument terms data.
position & cash management
- Both real-time and historic P&L, viewable by any period: Daily, MTD, YTD & Lifetime.
- P&L may be based on theoretical, live, house or end of day price sources.
- Real-time cash ladders forecasting cash & securities, balances, fees, expenses, subscriptions and redemptions.
reconciliation & corporate actions
- High levels of process automation, with a reconciliation tool to deal with exceptions, only calling for human intervention where really necessary.
- Coupons and dividends automatically processed to affect cash and positions, with other corporate actions processed seamlessly.
reporting
- Complete pre-formatted reporting suite automatically generated as scheduled tasks, detailing such examples as NAV, Exposures, P&L, VaR, Investor summaries and many, many more...
- Highly configurable integrated report writer software, as well as native links to Excel.