2. 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 value
Reconciliation 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.
3. No matter how complex or high volume your daily
fund trading activities, Cofunds keeps the process
efficient, simple and 100% reliable.
Contractual
6 net
settlement
Trade
Trade funds your way, every day 2
Trade
4 priced and
confirmed settled
Fund
Dealing Pricing You Cofunds managers
Our platform enables you to place trades With Cofunds STP technology, you can report
quickly and easily via a fully automated trades faster and more easily than ever, Aggregated
straight through processing (STP) solution. supported by both intra-day and overnight You instruct
1 3 trade
You can trade in more than 3,900 onshore and data files. trade
placed
offshore fund instruments, in a range Dealing prices and the confirmed
of currencies. consideration are made available as soon as
Every trade is confirmed by us in less than one they’re available from the fund manager - as
second and the valuation point is guaranteed. quickly as one hour after the valuation point. Net
Settlement By harnessing this powerful resource, 5 settlement 1 Our open architecture 5 Once the trade has been priced and
Trades 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 available
automated market leading settlement for download providing details on
systems. 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 trade
receive 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 receive
settled by CREST, CHAPS or SWIFT – it’s against fund manager records. manage and predict your cash flow. or pay just one payment in or one
your choice. payment out per day; saving you
Cofunds will transform your operational time on cash management and
What’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 electronically
to receive funds from the fund manager reconciliation reports in a format of your with the fund managers.
charges. Contractual means
before 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 settle
contract with each fund group means
4 The trade is priced and your trades; all our instruments are
every trade is settled on the value date. settled using market leading underpinned by a ‘platform’ contract
settlement infrastructure. with each of the fund groups.
4. 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 core
service has grown rapidly disciplines without administrative distraction. • You can trade your non-Sterling
mutual funds business via Cofunds
over the past few years With simple ideas like guaranteed contractual
settlement, gross distributions, reconciling • Cofunds manage all aspects of the
as it’s gained significant your positions on a daily basis and identifying market side counterparty relationship
traction 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 a
During this time we’ve We’ve shaped the service we offer based on Cofunds Institutional client
expanded our offering your feedback. Understanding the obstacles,
niggles and headaches your teams have to
• The trades can be settled
in the fund currency or the
to include new tools and overcome, shapes the development of our equivalent Sterling amount
service. So let us know the problems you face
services to help you and so that we can set about finding the solutions.
• Of course there is contractual net
settlement for all currencies
your teams with your day To give you an example - our Multi-
• And you benefit from electronic reporting
Currency Service was launched following
to 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.
5. Cofunds’ institutional service provides powerful benefits for any firm that
relies 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.
6. 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.
7. 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.uk
Issued and approved by Cofunds Limited
1st Floor, 1 Minster Court, Mincing Lane, London, EC3R 7AA
Registered in England and Wales under No, 3965289.
Authorised and regulated by the Financial Services Authority (FSA).
FSA registration No. 194734 IG05 10/11