Bookkeeping and Valuation

Problem

The administration of assets and managing entrusted funds requires special care in transaction settlements, asset valuation and calculation of NAV/unit. Asset management companies, investment, pension and insurance funds as well as depositary banks and managed service companies cope with this problem in their everyday work.

Challenge

As a business grows the amount of indispensable in fund valuation operations increases. More and more complex deals are being done and their bookkeeping and settlement involves greater expenses. Finding historical data in case the need arises to recall and possibly amend it is becoming more complicated. That is why a strong system, which allows to enter data and estimate asset valuation in a proper, fast and efficient way, is needed.

Solution

The suitable solution is the Bookkeeping and Valuation module of the Comarch Asset Management system. The system has been successfully implemented in many financial institutions and it is continuously enhanced.
The whole process of bookkeeping and asset valuations runs in compliance with current law, specific to every kind of financial institution.

The system offers the following functionalities, depending on the particularity of a company:

• keeping accountancy for investment, pension, insurance funds separately for each fund or subfund (in case of umbrella funds)
• registration of transactions made on various markets and in different currencies
• registration of derivatives (IRS, CIRS, FRA, forward, futures, options)
• registration of settlements in different currencies
• registration of other operations related with fund investment activities
• management of the operations connected with a fund’s internal units and servicing types of units which differ in the management fee rate
• registration of payments into the funds in different currencies as well as in securities
• realization of accounting operations – confirmation of entered orders, cancellation of operation while keeping all the parameters of the canceled operation
• a view of the balances on accounts with an easy access to the historical data which influence the balance
• generation of the printouts – e.g. operations log
• valuation of securities and derivatives on the basis of prices or a chosen method e.g. effective interest rate
• estimation of receivables and liabilities according to the current currency rate
• calculation of costs of fund activity for example depositary costs, brokers and other financial institutions
• calculation of the management fee, for ex.  the success fee
• conducting the valuation of a fund’s net assets
• conducting the valuation of units, also in different currencies
• interfaces to external systems:
  - information services
  - brokerage systems
  - export data to a ledger book