Tradar Insight: Middle & Back Office
Seamless operations processing and reporting for Portfolio Managers and Fund Accountants
Insight for the Middle and Back Office provides all the facilities you need to capture daily trading and non-trading activity, process corporate actions and manage the accruals for interest and fees. The extensive reporting suite encompasses key reports such as the NAV and P&L, as well as exposure and liquidity analysis. The automated reconciliation module provides straight through process with Prime Brokers and Fund Administrators.
The solution offers firms improved efficiency, by reducing costs, mitigating operational risk and providing full portfolio transparency. The return-on-investment is optimised by providing the structure to satisfy investors through the fulfilment of operational due diligence requirements.
Key features include:
- A full suite of customisable portfolio reports, including views of NAV, P&L, exposure and cash flows.
- Integrated workflow and scheduling to simplify the processing of key operational tasks
- Automated corporate action processing for dividends, stock splits and coupons
- Improve accuracy of accounting by accruing fees, pre-paid expenses and interest on cash balances automatically at daily, weekly or monthly intervals.
- Source and maintain a full history of prices and other data points from multiple data providers to enable ad hoc reporting.
- Export trade and position data to prime brokers, custodians and fund administrators in an automated process.
- Reconcile position, cash and activity with prime brokers, custodians and administrators.
- Manage and monitor compliance limits ex-post
Intuitive Interface
The flexible grid-style reporting provides users complete control of their views. The suite of reports can be presented on screen with drill-down analysis, be prepared for printing, electronic distribution, as well as saved for viewing access by other users.
Complete NAV and P&L reporting
Comprehensive NAV and P&L reports can be viewed in full transaction detail. Income and P&L can be combined on a single report. FX effects can be isolated from market/ price movements.
Automated corporate action processing
Corporate Actions are processed in three ways. Notification of income payments (coupons, dividends) and corporate reorganisations (splits, rights issues) may be entered manually, generated from a known payment schedule, or imported from external data feeds. Payments can then be time-scheduled or user-initiated, with accounting entries posted automatically.
Efficient accrual management
Accruals can be analysed at individual levels, or aggregated into sub-portfolios and funds. All items, such as expense, fee accruals and prepayments, are shown separately on the balance sheet. Cash flow reports reconcile accrual-based net income.
Comprehensive reconciliation
The reconciliation module supports multiple asset types, through automated processing and by providing exception reporting. Cash Balances are shown at individual account and currency levels, with full related transaction activity. Adjustments can be accepted from the reconciliation files, and matches set up on tolerance
Configurable post-trade compliance
All Tradar compliance rules can be run in post-trade mode. Custom restrictions can be developed for special regulatory situations. See Tradar Insight: Compliance for more details.
Integrated workflow and scheduling
Tradar provides intuitive workflow tools that enable all portfolio operations to run with speed and ease. The inbuilt scheduler can be configured to suit operational requirements. The seamless integration with Tradar front office ensures the operational functions run simpler and smoother.
Pricing
Intraday and end of day marks for all listed securities, including CDS and FX instruments, are downloaded via an automated scheduler that can connect to multiple price sources. The pricing module can also be maintained manually for OTC products via data file imports. A complete history of prices is stored within the system, ensuring full audit validation.