Syn~Funds distribution management

Syn~Funds adds value to your funds distribution operation by extracting efficiency and lower cost through bulk ordering and efficient management of charges and commissions.

Organisations involved in the distribution of open ended funds operate in a complex environment requiring multiple levels of aggregation, precise management of deadlines and cut off times associated with NAVs, and acccurate, timely allocation of charges and rebates across client orders.

Syn~Funds is a comprehensive product to support the activities of organisations involved in the distribution of open ended funds, such as Unit Trusts, OEICS and some hedge funds.

Order capture, aggregation, queuing, routing and execution allocation for such investments are handled.. With its real-time processing and modelling attributes and ability to provide netting facilities, Syn~Funds supports complex calculations and dispersal of all charges including, commissions, rebates and retrocessions.

Syn~Funds can receive orders in electronic format via SWIFT, FIX (and Reuters proprietary ROR variant) or XML. It also offers secure capture via a browser, whether on an intranet or the internet, with comprehensive real-time validation being provided in this case.

Syn~Funds offers support for:
~ agencies executing fund orders on behalf of their clients, where they act as an aggregating principal
~ buy side organisations wishing to manage orders from a branch or client network prior to execution
~ sell side fund managers wishing to offer web capture facilities to their clients, whether institutional or private client

Benefits:

• Complete automation of the funds distribution process including transparent deadline management where buy and sell sides have message connections, leading to close to 100% STP rates
• Rules based flexibility to define retrocession splits, commissions, routing parameters etc.
• Support for a principal aggregator to split bulk order retrocession with clients, thus providing a differentiated service
• Capability to move the order capture process to the web, eliminating a costly human interface
• Ability for a service provider to offer similar functions to their clients, either for head office order consolidation or automation of order capture via web access