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AUTOMATED SECURITIES BACK OFFICE

Securities Back Office for Wealth Management

Multi-language, multi-currency, multi-entity securities back office that assures the fluid cooperation of all actors in a financial services firm with respect to cash & securities management, settlement, corporate actions, fees & commissions, portfolio accounting, compliance, taxation and regulatory reporting.

Business Capabilities

CASH & SECURITIES MANAGEMENT

Full control of cash management and securities inventory, Overview of account balances and expected movements

SETTLEMENT MANAGEMENT

Automation of post-trade processing tasks: matching, confirmation, financial settlement and connections to custody/depository providers

GENERAL LEDGER

Organising the correct and timely export of postings to the internal as well as external general ledger

FEES, COMMISSIONS & CHARGES

Fees, commissions and charges calculation, scheduling, managing overrides and invoice production

REGULATORY REPORTING

Generation of reports in the format required by local authorities

TAX ENGINE

Rules based tax engine, what-if scenario simulation, client capital gains tax reporting

CORPORATE ACTIONS

Automated workflow to ensure full control of corporate action events process

MARKET DATA MANAGEMENT

Download and import market data in real-time from leading data provider

Features

Fluid management of post-trade securities processing activities, automating the confirmation & settlement processes, SWIFT support, custodians reconciliation

Managing securities master data, corporate actions, client account data, transactions and accounting, account balances and performance calculations

Periodical reporting to financial authorities and transparency in official statements for investors

Compliance with MiFID II, national regulatory and fiscal requirements

Definition and calculation of management fees and commissions

Key Benefits

Increase the productivity of back office staff reducing operations costs

Manage fees, commissions, investment constraints in a flexible and efficient way, through classes with appropriate exceptions

Benefit form quick innovation of products and services and reactivity

Easy incorporate SMIT in your application ecosystem, thanks to the SOA architecture with hundreds of functions displayed in the form of Web Service

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