Asset Servicing - HiNet

DST Global Solutions provides Portfolio Accounting software that supports both global and local requirements. HiNet can be implemented worldwide across an organisation bringing the benefit of group consolidation at the centre, whilst supporting the regional demands of local offices.

DST Global Solutions is well placed to provide an Investment Accounting solution to meet the needs of portfolio accountants within investment companies of all sizes.

HiNet has a well-established track record, operating on a highly scalable, open relational architecture. One of its key strengths is its ability to successfully manage regulatory, GAAP and tax requirements.

DST Global Solutions' portfolio accounting system supports the processing of transactions throughout the trade lifecycle and is designed to deliver:

• Accurate recording of both market and off-market transactions
• Timely settlement
• Fair and accurate valuation
• Reporting of transactions and positions
• Adherence to regulatory and legislative requirements

Tax lot accounting is a fundamental feature of DST Global Solutions' HiNet. Transactions are recorded at individual lot level to which different accounting calculations can be applied, including tax based costing methods.

Being fully multi-currency, exchange rate equivalents are maintained to take into account the effect of currency fluctuations on realised and unrealised profit/loss positions. In addition, the system retains the historical acquisition cost separately from any required re-valued cost that may have been restated based on US GAAP rules.